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Former HIH executive gets another year in jail
The Australian Supreme Court has sentenced Dominic Fodera, the former chief financial officer of failed insurance company HIH, to at least an extra year in prison.
12 November 2007
Mather gets top Ariel Re underwriting job
Ariel Re has promoted Ryan Mather to the new position of chief underwriter for reinsurance.
29 November 2010
Chaucer prefers reinsurance to equity capital
UK (re)insurer decided to renew Flagstone quota share rather than go to investors...
11 October 2010
Insurers contribute to $1bn IPO settlement
D&O insurers for 309 companies facing IPO class actions agreed to a $1bn settlement with plaintiff law firms last week, thereby clearing the decks for the “laddering” dispute between Wall Street firms, their liability insurers and disgruntled investors.
30 June 2003
Plain English
English can often be misleading, so we have rustled up a guide to aid understanding to the minefiled of Lloyd's business jargon. This month it's the opaque business desription:
01 December 2001
XL disappoints investors
ACE's Bermudian contemporary XL continues to suffer its own legacy issues, unveiling a further boost to its US reinsurance reserves this month, which included a $64.7mn pre-tax increase for its workers' compensation reserves.
21 July 2005
Chubb’s Q3 cat loss at $600mn before tax
US insurer the Chubb Corporation has placed its 2005 third quarter catastrophe loss estimate at roughly $600mn gross and $390mn post-tax.
10 October 2005
Mather gets top Ariel Re underwriting job
Ariel Re has promoted Ryan Mather to the newly created position of chief underwriter for reinsurance.
27 November 2010
Latham to leave R&SA in restructure
Tony Latham, the long-serving head of Global Relations at Royal & Sun Alliance, is set to leave the UK headquartered insurer next year, Insider Week can reveal.
24 July 2006
Chubb records "outstanding" quarter
US insurer Chubb Corp reported an "outstanding" second quarter of 2006 with net income rising to $598mn, compared to $495mn for the prior-year period.
31 July 2006
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