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There are 68,960 results that match your search.68,960 results
  • XL to float financial guaranty arm
    Bermudian giant XL Capital is to float its financial guaranty business in an initial public offering (IPO) on the New York Stock Exchange, the (re)insurer revealed in a 7 April statement. Funds raised will be used to boost capital and to...
    12 April 2006
  • International news digest - April 2006
    Analyst expects Converium upgrade ; Omega Specialty gets A- rating ; Lancashire relieved as AM Best affirms A- rating ; Claims from Cyclone Larry hit $350mn ; HCC appoints Molbeck as President and COO ; Lexington reduces catastrophe exposure ; et al...
    12 April 2006
  • HIH fails in film finance trial
    Defunct Australian insurer HIH’s film finance action against its broker JLT Risk Solutions has ended with its claim being dismissed on 15 March. Despite Mr Justice Langley finding that JLT was in breach of duty its duty as a broker...
    12 April 2006
  • Starr Wars: The saga continues...
    Legal tit-for-tat is par for the course in the ongoing break-up between American International Group (AIG) and the company now run by its ex-CEO Hank Greenberg, CV Starr. The last month has proved no exception with action in two separate cases in...
    12 April 2006
  • Pender defendants yet to settle
    The fraud trial brought by Cable & Wireless (C&W) against five former employees of its collapsed captive insurer Pender Mutual continues as one of the defendants has gone missing without signing the final settlement. Of the 17 named defendants on...
    12 April 2006
  • Collins quits JLT
    UK-listed broker Jardine Lloyd Thompson Group plc (JLT) has parted company with Dominic Collins, executive chairman of its JLT Risk Solutions division, who has resigned after more than 20 years with the company. The move follows plans for a...
    12 April 2006
  • More storms on the way in 2006
    With last year’s record hurricane losses continuing to rise there was further bad news for hard-hit (re)insurers as two separate forecasts warned of another over-active year ahead in the Atlantic. Forecasters Tropical Storm Risk (TSR) updated this...
    12 April 2006
  • AWAC files for $400mn IPO
    As predicted in the January issue of The Insurance Insider, Allied World Assurance Holdings Ltd (AWAC) is set to become the last of the so-called “Class of 2001” to go public after filing for an initial public offering (IPO) of up to $400mn on 17 March.
    12 April 2006
  • OIL cuts cover
    Energy mutual OIL has responded to last year’s hurricane losses and spiralling premium costs by cutting members' coverage in half to a $500mn aggregation limit for multiple claims from a single occurrence. The company has also suggested it may look...
    12 April 2006
  • Castlepoint Re launched with $265mn capital
    Castlepoint Holdings Ltd is the latest reinsurer to be formed in Bermuda after the US investment bank Friedman, Billings Ramsey & Co Inc raised $265mn via a private placement for the start-up operation.
    12 April 2006
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