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There are 68,806 results that match your search.68,806 results
  • HIH drops fraud allegation against JLT in film finance dispute
    Defunct Australian insurer HIH Casualty & General has withdrawn the fraud allegations from its litigation against its broker JLT Risk Solutions over controversial film finance losses written in 1997. The case, which began on 1 February, in London’s...
    16 February 2006
  • Hanson plc part-settles asbestos litigation
    The former British conglomerate Hanson plc revealed on 13 February that an asbestos-hit US subsidiary has reached a settlement with its liability insurers. According to the group, the settlement is effective from January 2006 and resolves a number...
    16 February 2006
  • London News Digest - February 2006
    Atrium gives upbeat trading statement; Insurers win pleural plaques appeal; Kendrick replaces Brit CEO as LMA chairman; Rubicon Corp forced to call in administrators; Brit profits ahead of expectations; et al
    16 February 2006
  • RI3K in spotlight following Kinnect closure
    A potential beneficiary from Kinnect's demise was RI3K, the electronic reinsurance trading platform owned by Brit Insurance Holdings. In addition to Brit – which has financed all of RI3K’s £20mn of development costs – the hub is used by...
    16 February 2006
  • Brokers struggle with PSA void
    In the post-Spitzer world of transparency and placement service agreements (PSAs), brokers are struggling to replace lost income and maintain margins. So Aon's strong results - which included a 35 percent rise in...
    16 February 2006
  • North Americans wear storm losses (relatively)well
    US insurer The Hartford announced record 2005 net income of $2.3bn, or $7.46 a share, despite the year’s record industry hurricane losses. The figures were up by 8 percent and 5 percent respectively on 2004 results of $2.1bn and $7.12 a share...
    16 February 2006
  • Mixed results as storms weigh heavy on Bermudians
    Bermudian giant ACE was one of the island’s few (re)insurers to score a hat-trick with a positive fourth quarter result, full-year profit, and a sub-100 2005 combined ratio. The company, which bore a net after-tax charge of $1.05bn from the year’s...
    16 February 2006
  • IGI to open London office following Icelandic acquisition
    Nottingham-based insurer IGI is set to open a London market underwriting office following its acquisition by the expansive Icelandic insurance group Vatryggingafelag Islands hf (VIS). VIS – which acquired a majority stake in IGI earlier this month...
    16 February 2006
  • Broker commissions to be tested following RK Carvill/XL dispute
    The question of whether reinsurers or reinsureds are liable to pay premiums to their brokers could be tested in the UK courts again this year when Absalom v TCRU reaches trial. The obligation appeared to have shifted to the reinsured during...
    16 February 2006
  • International news digest - February 2006
    Ex-Gen Re and AIG execs indicted over $500mn reinsurance deal; Omega gets Bermuda licence; Swiss Re completes EUR252mn credit reinsurance securitisation; Kanak resigns from AIG; Arch raises $200mn; Hannover Re completes $370mn cat bond; Validus makes 1/1;
    16 February 2006
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