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There are 68,935 results that match your search.68,935 results
  • Lloyd's chief gives ultimatum on process reform
    Lloyd’s CEO Richard Ward has warned the London market that the “pace of change” on business processes remains too slow and reiterated his willingness to mandate action if necessary.
    11 July 2007
  • Farmers in $500mn contingent capital deal
    In a pioneering transaction, the US insurer Farmers Insurance Exchange has acquired the right to issue $500mn of regulatory capital if it suffers a severe US natural catastrophe loss in the next five years.
    10 July 2007
  • Gable shares suspended from AIM
    Liechtenstein-based liability insurer Gable Insurance had its shares suspended from the AIM stock exchange at 16p after missing the deadline to post its audited results for 2006.
    09 July 2007
  • Validus to raise over $300mn in IPO
    Bermudian (re)insurer Validus Holdings said last week it expects to raise around $311mn in net proceeds assuming an offer price of $25 in its forthcoming initial public offering (IPO).
    09 July 2007
  • Lloyd’s insurers reduce 2008 capacity
    Lloyd’s insurers Hiscox plc and Kiln plc have confirmed they intend to reduce their capacity limits next year reflecting the declining market rates.
    09 July 2007
  • PwC settles Tyco lawsuit for $225mn
    Accountancy firm Price Waterhouse Coopers (PwC) has settled a lawsuit for $225mn with fraud-riddled manufacturing conglomerate Tyco International, over claims that it ignored fraud committed by top executives at the firm.
    09 July 2007
  • Hannover Re strengthens Bahrain presence
    Hannover Re is to open a branch office in Bahrain to support the (re)takaful business it opened in the kingdom last year.
    09 July 2007
  • Amlin extends distribution with Allied Cedar acquisition
    Lloyd’s listed company Amlin plc became the latest insurer to obtain greater control of its distribution networks when it acquired the underwriting agency Allied Cedar Insurance Group last week.
    09 July 2007
  • Travelers in $449mn asbestos settlement
    US insurer The Travelers Cos announced last week it has settled one its largest asbestos cases for a total of $449mn.
    09 July 2007
  • Ascot and ACE target renewable energy market
    Last week saw the launch of renewable energy underwriting initiatives by Lloyd’s insurer Ascot Underwriting, and ACE European Group in anticipation of growth in the alternative energy sector.
    09 July 2007
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