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There are 68,920 results that match your search.68,920 results
  • Ruxley transfers aviation and general run-off book to Berkshire
    Run-off specialist Ruxley Ventures has received approval from the UK High Court of Justice to transfer the assets and liabilities of Aviation & General Insurance Company to a Berkshire Hathaway subsidiary.
    05 January 2011
  • New York AG sues E&Y over Lehman audits
    New York Attorney General Andrew Cuomo has filed a suit against Ernst & Young (E&Y) alleging that the "big four" accountancy firm assisted collapsed bank Lehman Brothers in defrauding its shareholders.
    05 January 2011
  • Allstate sues Bank of America and Countrywide
    US insurance giant Allstate Co is suing the Bank of America and its subsidiary Countrywide Financial over $700mn in residential mortgage-backed securities it purchased over a two-year period.
    05 January 2011
  • Willis and Berkshire pair up for energy facility
    Willis and Berkshire Hathaway are the latest market players to announce a new facility to provide additional underwriting capacity to the oil and gas industry following the Deepwater Horizon catastrophe.
    05 January 2011
  • SII preparation still in early stages among 40% of insurers
    With less than two years to go until Solvency II a new survey has found that over 40 percent of insurers have completed less than a quarter of preparatory work.
    05 January 2011
  • Cuomo $120mn parting shot with Ace and Zurich
    Outgoing New York Attorney General Andrew Cuomo has capped his period in office in characteristic style by agreeing a $120mn settlement with four insurance groups that he was prosecuting, including Ace and Zurich.
    05 January 2011
  • Energy losses in 2010 exceed $3.5bn
    Energy losses were over $3.5bn last year as a number of $100mn+ claims threatened to drag the market to another loss, according to a report by Lloyd & Partners.
    05 January 2011
  • Extra capacity threatens marine market ballast
    A sharp increase in extra capacity continues to flood the marine insurance sector, with all eyes on whether or not this will capsize the market.
    05 January 2011
  • Property D&F market underperforms plans by 17%
    Lloyd's property direct and facultative (D&F) underwriters missed the targets in their business plans by 17 percent in 2010, according to an internal Lloyd's document seen by sister title Inside FAC.
    05 January 2011
  • ILW pricing down 20%
    US wind prices on industry loss warranty (ILW) contracts have dropped by as much as 20 percent for certain triggers after the close of the hurricane season, according to broker Aon Benfield Global ReSpecialty.
    05 January 2011
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