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There are 68,988 results that match your search.68,988 results
  • Former Gerling operation pushes UK scheme forward
    GLOBAL Reinsurance Co - the former reinsurance arm of Germany's Gerling Group which went into run-off in 2002 - is applying to the UK courts for approval for a scheme of arrangement in the UK.
    07 April 2008
  • Gen Re to pay finite forfeiture
    US reinsurer General Re is to pay the US government the $5mn fee it received for a sham finite reinsurance contract with American International Group, according to reports.
    07 April 2008
  • SCA downgraded to junk: concern over impact on XL
    Embattled Security Capital Assurance Ltd (SCA) has fought back over its downgrade to junk status by Fitch Ratings, as analysts continue to warn over the knock-on impact on 46 percent owner XL Capital.
    07 April 2008
  • SocGen to mount 'vigorous defence' against class action
    French bank Société Générale has vowed to mount a "vigorous defence" against a class action lawsuit accusing it of misleading investors and failing to clamp down on the EUR4.9bn "rogue trader" fraud.
    07 April 2008
  • Buffett under pressure to replace Brandon
    Berkshire Hathaway is under pressure from federal prosecutors to oust Joe Brandon, the CEO of its reinsurance subsidiary General Re, following criminal fraud convictions of four of his former colleagues earlier this year, according to reports.
    07 April 2008
  • Verdict due in Markel SGC construction bond 'fraud' dispute
    Markel International and QBE Limit will have to wait until at least the end of May for a verdict in their UK High Court showdown with broker Surety Guarantee Consultants Ltd...
    07 April 2008
  • Judge upholds Florida’s Allstate bar
    A US federal appeal judge last week upheld the decision by Florida’s insurance regulators to bar Allstate Corp from writing new business in the state.
    07 April 2008
  • OIC and L&O creditors payouts increased
    Creditors of OIC Run-Off Ltd (OIC) and The London and Overseas Insurance Company Ltd (L&O) will receive an increased payout of 48 percent, the joint scheme administrator has announced.
    07 April 2008
  • Alea finance director resigns
    Alea Group CFO and COO, Kirk Lusk, has resigned from the Bermudian-headquartered run-off company.
    07 April 2008
  • Lloyd's open years fall 40 percent
    The recent surge in reinsurance-to-close (RITC) transactions is reflected in Lloyd's figures that reveal a dramatic fall in the number of run-off years of account at the end of 2007.
    07 April 2008
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