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R+V returns to court for Risk liabilities
German reinsurer R+V is awaiting judgement on the quantum of liabilities due from the controversial former Lloyd’s based underwriting agency Risk. Mr Justice Tomlinson finished hearing the case on 30 March after a two-week hearing at the...
12 April 2006
QBE Limit/Markel bond 'fraud' showdown next year
QBE Limit and Markel International's UK High Court showdown with broker Surety Guarantee Consultants Ltd (SGC) and other defendants over construction bond fraud allegations has been postponed until next year.
09 November 2007
Hannover Re halves traditional retro cover
German reinsurer Hannover Re released strong first quarter operating results on 12 May, and said it was on track to hit 2006 earnings targets.
15 May 2006
Tokio restructures global reinsurance and big ticket business
Global (re)insurance giant Tokio Marine is restructuring its international reinsurance and large commercial property operations from 1 January 2011, as it gears up for growth.
05 July 2010
FSA climb down on risk manager regulation
UK risk managers’ representative body AIRMIC has welcomed a statement from the Financial Services Authority (FSA) that many group risk managers will be spared from regulation imposed by the Insurance Mediation Directive when it comes into force at the sta
19 July 2004
Greenberg’s stock transfer unlikely to shield assets
According to reports in the US, ousted American International Group (AIG) chief Maurice “Hank” Greenberg’s “gift” of almost all of his $2.3bn stock in the company may not be enough to shield his investment from future lawsuits.
18 April 2005
Aon FI team joins Willis
The triumvirate of financial institution brokers who left Aon last summer have finally completed their notice period and joined Willis.
19 April 2004
CIAB figures support softening market
Fourth quarter 2004 figures from The Council of Insurance Agents & Brokers (CIAB) reveal a climate of significant softening of rates in the commercial property casualty market.
31 January 2005
Former Wellington and Aspen execs to launch new Lloyd’s (re)insurer
David Foreman, the former underwriting chief at Wellington Underwriting, is close to confirming the launch of a new Lloyd’s based (re)insurer supported by private equity finance, The Insurance Insider understands.
13 February 2007
Liberty Mutual names Long as president
US insurer Liberty Mutual has named one of its most experienced senior executives, David Long, as group president from 1 July.
10 June 2010
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