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Putnam crisis deepens
Mutual fund hit by lawsuits, client withdrawals, ratings downgrades
11 November 2003
Alea replaces ceo with run-off expert
Mark Cloutier, the head of run-off at the defunct reinsurer Alea Group Holdings, will replace Marc Ricciardelli as the company chief executive from 1 September.
03 July 2006
Radke takes helm at Argo Lloyd’s syndicate as Enoizi quits
Bermuda-headquartered Argo Group has announced a shake-up of its international operations that will see Julian Enoizi depart as the division's CEO
14 January 2011
Exxon Mobil Corp sues Lloyd’s over asbestos claims
Exxon Mobil Corporation has sued certain Lloyd's underwriters and over 350 other insurers seeking cover for anticipated asbestos claims against the oil giant.
27 February 2012
UK trial date set for ‘Independent Three’
The trial of the ‘Independent Three’ former directors of the collapsed UK insurer Independent Insurance, has been set down for 14 May 2007 at Southwark Crown Court, according to the Serious Fraud Office.
13 November 2006
Lloyd’s targets Continental growth
Lloyd’s plans to address its historically low exposure to the European P&C insurance markets, revealed the Society’s chairman Lord Levene last week.
27 May 2003
Gallagher buys Capital Bauer Insurance Agency
Expansive US and international broker Arthur J Gallagher has announced the acquisition of retail broker Capital Bauer Insurance Agency.
04 January 2012
Wellington promote Yeldham as deputy chief underwriter
Wellington Underwriting Agencies Limited last week (3 October) announced the promotion of Matthew Yeldham to deputy chief underwriting officer of its managed Syndicate 2020 at Lloyd’s.
09 October 2006
Mitsui Sumitomo gains AA- financial guarantee rating
London market insurer Mitsui Sumitomo Insurance (London) Ltd (MSIL) has been awarded an AA- financial enhancement rating (FER) by the rating agency Standard & Poor’s.
07 February 2005
Auditor's liability exposures narrowed in Moore Stephens judgment
The House of Lords last week ruled that accountancy firm Moore Stephens is not liable for a failure to unearth an $89mn fraud at a commodity trader that it audited.
03 August 2009
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