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  • Market analysts have responded positively to Lloyd's insurer Chaucer Holdings 2007 results and its recent strategy.
  • Fairfax Financial Holdings (FFH) has described the shareholder class action suit filed against it over the acquisition of outstanding minority interests in OdysseyRe as a "nuisance suit".
  • The timetable for introducing Solvency II has been called into question as large numbers of staff leave UK regulator the Financial Services Authority (FSA) ahead of its abolition.
  • Lloyd's has added Steve McCann, its head of open years, to a special working party to manage its application for a permanent Chinese licence as the deadline for regulatory approval fast approaches.
  • Moody's Investors Service has put $67.5mn of the notes on Glacier Re’s $180mn Nelson Re cat bond on review for a possible downgrade after the (re)insurer significantly upped its Hurricane Ike loss estimates.
  • In a strategic volte-face, Jardine Lloyd Thompson Group plc (JLT) announced last month the sale of its US property casualty and employee benefits operations to Alliant Insurance Services Inc for $100mn (£53.3mn) little more than three years after revealin
  • Equitas, the legacy albatross that has hung around the neck of Lloyd’s Names ever since its creation in 1996, can now be formally detached after the UK High Court approved the transfer to a new company, Equitas Insurance Ltd, yesterday.
  • 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.
  • US carrier Penn National has been put on negative outlook by Moody's due to a legal dispute with UK-listed run-off acquisition firm Tawa over a reinsurance policy covering a number of lead paint liabilities.
  • Shares in The Hartford were down 3.25 percent in after-hours trading after the US giant issued a Q2 profits warning on catastrophe losses and an asbestos charge.