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There are 40,574 results that match your search.40,574 results
  • Net income up 42 percent at IPC Re
    Bermudian (re)insurer IPC Re announced on 25 March that its net income rose by over 42 percent to $62.65mn for the first quarter of 2006.
    26 April 2006
  • Fairfax accused of $400mn tax evasion as bitter conspiracy dispute continues
    A New York-based hedge fund is continuing its counterclaim against Fairfax Financial Holdings, accusing it of avoiding paying $400mn in taxes, despite a judge dismissing it from the Canadian firm's racketeering lawsuit.
    10 March 2008
  • Ironshore makes M&A Heritage breakthrough
    Lloyd's insurer looks poised to become the next overseas acquisition with new interest from Bermudian predators
    10 March 2008
  • UIC scheme offers unique return
    Provisional liquidator Grant Thornton last month announced creditor approval for its proposed UIC Insurance Company Limited scheme of arrangement that looks set to boast the rare distinction of paying out more than 100p in the £1.
    11 October 2006
  • Plain English
    English can often be misleading, so we rustled up a guide to aid understanding to the minefield of Lloyd's business jargon. This month it's the opaque business description:
    01 February 2002
  • Analysts predict $650mn environmental reserve charge at St Paul Travelers
    Investment analysts at Morgan Stanley have cut their rating on recently merged St Paul Travelers, after revealing concerns that the group’s environmental exposures will lead to a $650mn fourth quarter 2004 pre-tax reserve charge.
    28 June 2004
  • Insurers in $830mn Suncor BI settlement
    Canadian energy company Suncor Energy Inc announced on 25 April it has agreed an $830mn settlement with insurers over business interruption (BI) claims arising from a major fire at its Oilsands facilities in northern Alberta last January.
    02 May 2006
  • FSA approves Chevanstell sale
    The Financial Services Authority (FSA), the UK regulatory body, has approved the sale of run-off (re)insurer Chevanstell to an investor group little more than two months after the deal was first announced.
    13 November 2006
  • Artemis wins $700mn Executive Life appeal
    A US federal court has overturned the $700mn damages awarded against the French firm Artermis SA for its role in the Executive Life scandal. Judge Howard Matz of the US District Court for the Central District of California ruled on 4 October that the..
    17 October 2005
  • SGC execs defrauded Markel/QBE for ‘secret profits’
    Markel International and QBE have emerged victorious from a UK High Court hearing after a judge ruled executives of Surety Guarantee Consultants Ltd (SGC) and a former Templeton Insurance director had conspired to defraud the insurers, obtaining...
    04 June 2008
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