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There are 68,937 results that match your search.68,937 results
  • Odyssey restates past five years
    Fairfax Financial Holdings controlled reinsurer Odyssey Re restated its results for the past five years on 16 October, correcting accounting errors relating to its investments.
    23 October 2006
  • Reliance scheme gets High Court approval
    Reliance National Insurance received High Court approval for its solvent scheme of arrangement last Friday (20 October) as the proposal passed unopposed.
    23 October 2006
  • Richardson to collect bumper Aon package
    Elliot Richardson, the new head of Aon’s facultative reinsurance division, was tempted away from rival Benfield Group by a bumper remuneration package of up to £1mn, according to market sources.
    23 October 2006
  • S&P: Hurdles remain before Lloyd’s upgrade
    Standard & Poor’s (S&P) was the first rating agency to respond to news of the proposed reinsurance deal between Equitas and Berkshire Hathaway by signaling the possibility of an upgrade in Lloyd’s financial strength rating.
    23 October 2006
  • Berkshire Hathaway back to asbestos in mammoth deal
    Friday’s (20 October) landmark $7bn deal between Equitas and Berkshire Hathaway lays a framework for reinsured Names and Lloyd’s to achieve finality for pre-1993 liabilities and, if completed, nearly doubles the assets available to the run-off vehicle.
    23 October 2006
  • Equitas Names in line for windfall
    Few of the 34,000 Lloyd’s Names who reinsured themselves into Equitas in 1996 probably thought it would happen, but it is now possible they will receive a premium following today’s transaction with Berkshire Hathaway.
    20 October 2006
  • Berkshire Hathaway back to asbestos in mammoth deal
    Today's (20 October) $7bn deal between Equitas and Berkshire Hathaway lays a framework for reinsured Names and Lloyd's to achieve finality for pre-1993 liabilities and, if completed, nearly doubles the assets available to the run-off vehicle.
    20 October 2006
  • Equitas agrees $7bn deal with Berkshire Hathaway
    In a landmark transaction, Lloyd’s run-off vehicle Equitas has agreed a $7bn reinsurance deal with Berkshire Hathaway which, once completed, will bring finality to the vehicle.
    20 October 2006
  • AM Best places Catlin rating under negative review
    Bermuda-based insurer Catlin Insurance Company Ltd had its A financial strength rating placed under review with negative implications by rating agency AM Best today (19 October).
    19 October 2006
  • Converium sells US operations
    The Swiss reinsurer Converium has agreed to sell its US operations to Berkshire Hathaway for $295mn, paving the way for a possible upgrade of the company.
    17 October 2006
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