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  • Sandy BI claims show signs of drop-off
    Telecommunications company Verizon is the most prominent insured to indicate that its business interruption losses from Sandy will probably be lower than first feared, it is understood...
    16 January 2013
  • London News Digest - June 2005
    In our regular monthly News Digest, we round up key stories from the last month, presenting them to you in easily digestable snippets.
    21 June 2005
  • Sudden Rossi departure hints at IUA unrest
    The sudden departure of Marie-Louise Rossi from the International Association of Underwriting (IUA) has led to suggestions her parting was less than amicable – a view the IUA refused to contradict.
    21 February 2005
  • SVB unveils plan to form a new UK insurer
    SVB, the Lloyd’s based insurer wrestling with its legacy of US professional liability (re)insurance losses, revealed bold plans on the 10 February to form a new UK-based insurance company while finally dealing with its back-year losses.
    13 February 2006
  • Buffett hits out at investment banks
    Investment banks are the architects of their own downfall through the collapse in the US sub-prime mortgage market, according to Warren Buffett.
    11 February 2008
  • Fairfax profits surge on underwriting profits and investments
    Canadian combine Fairfax Financial Holdings turned a net profit of $275.4mn for the second quarter, compared to just $27.6mn in the prior-year period, as it returned to underwriting profit in its (re)insurance operations and booked strong investment gains
    31 July 2009
  • AWAC settles with Texas
    Bermudian (re)insurer Allied World Assurance Company has made a $2.1mn settlement with the Texas attorney general Greg Abbott over his investigation into bid-rigging by the firm.
    16 April 2007
  • SVB unveils plan to form a new UK insurer
    SVB, the Lloyd’s based insurer wrestling with its legacy of US professional liability (re)insurance losses, revealed bold plans today (10 February) to form a new UK-based insurance company while finally dealing with its back-year losses.
    10 February 2006
  • GTE Re gets green light for first US solvent ‘scheme’
    Rhode Island regulators in a potential landmark decision have given the initial green light to the first accelerated run-off plan in the US.
    09 August 2010
  • GTE Re gets green light for first US solvent ‘scheme’
    Rhode Island regulators in a potential landmark decision have given the initial green light to the first accelerated run-off plan in the US.
    09 August 2010
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