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There are 68,930 results that match your search.68,930 results
  • New Zealand government to run-off NZ$1.8bn AMI quake bill
    The government of New Zealand has been left the unappetising task of picking up the unpaid catastrophe bill from quake-hit mutual insurer AMI after Insurance Australia Group Limited (IAG) purchased the firm's on-going operations.  
    19 December 2011
  • Follow the leader clause tested in UK court
    A decision by the UK commercial court has set a legal precedent under the "follow the leader clause" - binding insurers on a policy to the decisions made by the lead underwriter.
    19 December 2011
  • Chevron and Transocean hit with $11bn Brazil oil spill suit
    Officials in Brazil have hit Chevron and Transocean with an $11bn (20bn reais) lawsuit and asked a court to halt the companies' operations in the country following an offshore oil spill at Frade Field near Campos.
    19 December 2011
  • SEC sues SIPC over Stanford dispute
    The US Securities and Exchange Commission (SEC) has filed a suit in a DC court asking for the Securities Investor Protection Corporation (SIPC) to be made to act to protect investors that lost money through the alleged Ponzi scheme administered by Allen Stanford's US broker-dealer.
    19 December 2011
  • MMC sues Enstar's GIO over E&O claims
    Marsh & McLennan Companies (MMC) is suing an Enstar-owned run-off company over alleged unpaid claims from the broker's huge errors and omissions (E&O) bill for the year 1999 to 2000.
    19 December 2011
  • Argentine capital reform dents (re)insurers’ ratings
    The Argentinian subsidiaries of (re)insurers Ace and Chubb have been placed under credit rating review by Moody's following more nationalistic regulatory orders in the country.
    19 December 2011
  • Platinum the latest reinsurer to secure Florida collateral relief
    Platinum Underwriters has joined the growing band of reinsurers that have received permission from the Florida insurance regulator to post reduced collateral on business written in the state.
    19 December 2011
  • Rims calls for more federal oversight for insurers
    The system of state regulation in the US creates "profound" inefficiencies and should be replaced by more uniform national insurance regulation, the Risk and Insurance Management Society (Rims) has said.
    19 December 2011
  • London market agrees new Toba
    London market trade bodies have agreed a new model non-risk transfer terms of business agreement (Toba) for managing agents, insurers and brokers.
    19 December 2011
  • Omnibus II delay criticised; muted response to standard formula
    The European Parliament has pushed back a vote on the final rules for the crucial Omnibus II directive until April 2012, meaning insurers may face a further four months without additional clarity on some technical details of Solvency II.
    19 December 2011
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