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There are 40,906 results that match your search.40,906 results
  • Coutts vindicated in 'duty of care'
    'Unreliable' evidence of veteran Lloyd’s underwriter ends accusations of negligence Coutts, the royal bankers, has been exonerated in a legal battle about whether it should have told a Lloyd's syndicate that its managing agents had not opened an Indepe
    01 October 2003
  • Arbitrage market on tenterhooks
    Participants anxiously await verdict in mammoth Sphere Drake/SCB “arbitrage” trial "There is no way that I can reach a judgement that will not result in the finding of the gravest dishonesty against someone. But so be it." This chilling phrase was
    01 March 2003
  • Endurance set to be IPO pioneer for UK hopefuls
    The heavy-hitting private equity investors in Bermudian and London insurers will watch Endurance's planned $250mn initial public offering on 28 February with great interest. Endurance Specialty Holdings, formed in the post 9/11 capacity crunch with $1.
    01 February 2003
  • US storms fail to hold back GE
    Despite a $300mn after-tax hurricane bill from its recently rebranded (re)insurance unit GE Insurance Solutions, the giant conglomerate General Electric saw its third quarter earnings up slightly at $4.05bn
    11 October 2004
  • Marsh rolls over in response to Spitzer’s charges
    Marsh has submitted to Eliot Spitzer’s shock 14 October allegations of price-fixing by replacing its chief executive Ray Groves and revealing that it will no longer charge insurers contingent commissions, often known as Placement Service Agreements (PSAs)
    18 October 2004
  • Greenberg leaves AIG replaced by Zarb; swipes at leak culture
    American International Group chairman Hank Greenberg will formally part company with the insurance giant this week – only two weeks after agreeing to step down as the company chief executive.
    29 March 2005
  • Cox takes £4.5mn hit on collapse of Tribune
    Lloyd’s underwriter Cox has admitted liabilities of up to £4.5mn in relation to the failure of Scottish insurer Tribune on 10 December.
    15 December 2003
  • Solvent schemes boosted by DAP and Reliance decisions
    Supporters of solvent schemes of arrangement have received a series of welcome boosts following July’s High Court refusal to approve the British Aviation Insurance Company (BAIC) scheme, citing concerns that some policyholders were not being given...
    10 October 2005
  • Buffett - don't mention the Gerling
    Insurance stocks on both sides of the Atlantic wobbled on 10 March as investors nervously digested Warren Buffett's remarks in his annual letter to Berkshire shareholders. In contrast to his remarkably bullish comments on Berkshire Hathaway, he lashed
    01 March 2003
  • Marsh embroiled in $250mn JP Morgan D&O dispute
    The world's largest insurance broker Marsh is embroiled in an awkward $250mn policy wordings dispute with the London market over the placing of Financial Institutions insurance cover for its long-time banking associate JP Morgan. Despite renewing a ble
    01 October 2003
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