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There are 68,963 results that match your search.68,963 results
  • Tower Group takes $5.4mn hit on PXRE commutation
    New York based Tower Group Inc revealed on 6 July that it will write down $5.4mn on its balance sheet after commuting its outstanding liabilities with the near-defunct Bermudian reinsurer, PXRE Group.
    07 July 2006
  • Equitas staff enjoy salary bonanza
    Staff at Lloyd's run-off Equitas Holdings Limited have been rewarded for their success at commuting claims with major policyholders by pay rises which have seen the average salary increase by over £30,000 in the last four years.
    07 July 2006
  • Solvency II to increase (re)insurance failures
    Rating agency Standard & Poor's (S&P) says that more (re)insurers are likely to become insolvent as Solvency II puts the industry through a "revolution".
    07 July 2006
  • JLT Heath tie-up could create a major UK broking force
    JLT's proposed takeover of rival Heath Lambert could even create the UK's second largest insurance broker by turnover, concludes The Insurance Insider.
    07 July 2006
  • Names launch £1bn class action suit against UK government
    Over 1,000 Lloyd's Names have launched a £1bn class-action style legal case against the UK government, led by the militant Names campaigner Christopher Stockwell.
    07 July 2006
  • Whittington strikes gold with Alba sale
    Insurance service provider Whittington surprised the market last month by agreeing the sale of its newly established Lloyd's managing agency and specialist Asian syndicate, Alba, to Insurance Australia Group (IAG).
    07 July 2006
  • ACE savours Brandywine deal
    In a landmark sale Randall & Quilter has acquired some $900mn of ACE's asbestos reinsurance book It was brutal, and at times bloody, but 18 months after applying to sell part of its Brandywine legacy exposures to...
    07 July 2006
  • Europe now probes brokers' remuneration practices
    Two years after the New York attorney general Eliot Spitzer was alerted to the existence of so-called Placement Service Agreements (PSAs) between brokers and insurers, the European Commission has turned its attention to...
    07 July 2006
  • JLT replaces finance chief
    Jardine Lloyd Thompson Group plc – the broking group in talks to take-over UK rival Heath Lambert Group – is to appoint a new finance director.
    05 July 2006
  • SCOR buys life reinsurer Revios for $775mn
    French (re)insurer SCOR has agreed to buy German life reinsurer Revios in a $775mn transaction.
    05 July 2006
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