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There are 69,298 results that match your search.69,298 results
  • Aon ordered to pay $24mn in misrepresentation case
    A US District Court has ordered Aon Ltd, a division of Chicago-based insurance broking giant Aon Corporation, to pay $24mn to United National Insurance Company (UNIC) for misrepresenting reinsurance risks in the 1990s.
    09 December 2008
  • Aspen not liable for tunnel fire; notification wordings emphasised
    In a pro-industry decision, the English High Court ruled on 18 November that London market insurers led by Aspen Insurance UK were entitled to decline liability from a fire because of the policy's notification wordings.
    09 December 2008
  • Emerson sidecar 'unaffected' as CIG Re stubbed out
    Ratings on the $500mn Emerson Re sidecar - backed by hedge fund Citadel Investment Group - were "unaffected" by the firm’s decision to stop writing new business through collateralised reinsurer CIG Re.
    09 December 2008
  • AIG disposals gather pace
    The disposal of American International Group (AIG) assets continued its slow progress with the sale of its Swiss-based private bank and its interest in a US-based energy company.
    09 December 2008
  • Eurotunnel claims reach EUR180mn
    The insured loss from September's Eurotunnel fire to date has surged to EUR180mn ($231mn), with business interruption losses continuing to bite as the service runs at reduced capacity, according to sources.
    09 December 2008
  • Solvency II flounders
    The approval of a Solvency II (SII) directive by the European Union Council of Economic and Finance Ministers (ECOFIN) that excluded all reference to group support and group supervision was widely criticised...
    09 December 2008
  • Room falls to a loss
    Room Solutions, the leading London market IT provider, has fallen into a loss in its first full year of trading since being acquired by the Indian technology company, NIIT Technologies Ltd.
    09 December 2008
  • CEO Pexton resigns from Heritage
    Richard Pexton, CEO of Lloyd's specialist (re)insurer Heritage Managing Agency Ltd, has resigned from the firm.
    09 December 2008
  • Retro crunch as rates leap on capacity shortage
    With reinsurers attention increasingly focussed on protecting precious capital on balance sheets, buyers of retro look like facing some of the tightest market conditions of recent years.
    09 December 2008
  • XL Re Europe required to post collateral to renew business
    Reinsurer XL Re Europe Ltd is facing demands by ceding companies in the London market to post letters of credit to back up underwriting of treaty renewals, The Insurance Insider has learned.
    09 December 2008
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