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There are 68,930 results that match your search.68,930 results
  • Credit crunch to create new legacy opportunities
    The Insurance Insider 2009 legacy survey has revealed that practitioners in the run-off space expect financial turmoil to be a significant driver of new business in 2009, with 87.9 percent of respondents agreeing that the credit crisis is likely to lead t
    10 March 2009
  • FSA reveals scheme threshold test
    UK regulatory body the Financial Services Authority (FSA) has warned that its endorsement of proposed schemes of arrangement is not a "foregone conclusion" and it will continue to push back on "arbitrary formulaic offers" that do not sufficiently protect
    10 March 2009
  • UK run-off market continues to shrink
    The Association of Run-off Companies (ARC) said that total liabilities in the UK non-life run-off market declined to £28.3bn in 2007, compared to £32.7bn in 2006, marking a sustained "downwards trend in UK run-off liabilities".
    10 March 2009
  • Cavell wins dispute damages
    Cavell USA, an affiliate company of UK quoted run-off group Randall & Quilter, and its founder Ken Randall were awarded $1mn and £150,000 in interim damages last month in their dispute with two legacy insurance companies connected to its rival the Bermuda
    10 March 2009
  • Willis' E&O carriers face PA spiral suit
    Broking giant Willis has notified its errors and omissions (E&O) insurers of a potential hit as a result of litigation brought in the UK commercial courts by two of the firm’s former clients for claims totalling $508mn.
    10 March 2009
  • Lloyd's insurers' ILS upgraded
    A lack of losses has caused ratings agencies to upgrade the notes on Brit Insurance's Fremantle cat swap transaction and Catlin-managed catastrophe collateralised debt obligation (CDO) Bay Haven.
    10 March 2009
  • The Hartford considers life sale as VA fears grow
    While being dealt yet further downgrades, Hartford Financial Services Group is seeking to sell off its loss struck life business in a bid to return to its origins as a pure play property casualty player.
    10 March 2009
  • Cost of financial tsunami tops natural catastrophes in 2008
    The cost to (re)insurers of the global financial meltdown of 2008 exceeded that of estimated claims caused by Mother Nature - even in a year that in Hurricane Ike contained the third-largest individual natural catastrophe loss in (re)insurance history.
    10 March 2009
  • Brit withdraws £150mn fundraising plan…
    After February's flurry of equity fundraising initiatives in the Lloyd's market, Brit Insurance decided to withdraw its plans of raising approximately £150mn on the eve of its 2008 year-end results.
    10 March 2009
  • Lloyd's insurers in February rush to raise equity capital
    February was an unprecedented month for Lloyd's fundraising with four quoted insurers all raising equity finance.
    10 March 2009
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