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  • It can take some time for a big, sleazy company to go bust. And it can take even longer when that company is run by an avaricious mountebank assisted by a bunkum-spewing accountant skilled in numerical prestidigitation.
  • A new report from insurance boker Aon has predicted that reductions in airline insurance rates will slow in the final quarter of 2005 as the sector feels the knock-on effect of the year’s hurricane season. To date this year, liability and hull...
  • US engineering firm Halliburton has announced a $575mn (£317mn) settlement of its asbestos exposures with Equitas, the reinsurer established by Lloyd's in 1996 as a run-off vehicle for its pre-1993 liabilities.
  • Lloyd’s insurer Beazley reported a 44.5 percent drop in pre-tax profits on 14 March after absorbing a £60mn net loss from hurricanes Katrina, Rita and Wilma (KRW). Pre-tax profits fell to £16.1mn last year from £35.4mn in 2004, although gross written..
  • Swiss reinsurer Converium announced on 15 March net income of $68.7mn for 2005, with $34.2mn added to the total during the final quarter. The fourth quarter figure beat some analyst’s forecasts by close to $30mn, and provided a solid start for the...
  • London based broker HLF was forced to pull its planned float after twice extending the pricing deadline to continue discussions with potential investors.
  • Swiss reinsurer Converium today (15 March) announced net income of $68.7mn for 2005, with $34.2mn added to the total during the final quarter. The fourth quarter figure beat some analyst’s forecasts by close to $30mn, and provided a solid start for...
  • As the Jaffray trial draws to a close Marcus Scriven ponders on the possible outcome So it will all be over within a few more days – the closing speeches delivered, the court room cleared, the Names released, leaving Mr Justice Cresswell, alone, to pr
  • MMC Group’s embattled fund company Putnam Investments saw the desertion of more of its clients last week following allegations of irregular trading.
  • Embattled insurer Royal & Sun Alliance (R&SA) is to withdraw from writing offshore energy business Insider Week can reveal.