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GM continues R&SA battle despite court defeat
Royal & Sun Alliance Insurance Group plc (R&SA) won a significant victory in its acrimonious battle with General Motors last week after a Michigan Circuit Court ruled...
29 January 2007
PRO confirms WFUM development
PRO Insurance Solutions Ltd, the proposed Scheme Manager of the WFUM Pools Scheme, has confirmed that the 14 WFUM pools scheme companies are applying to the UK High Court for sanction of the proposed schemes.
05 April 2007
Tax boost sends Scottish Re into black; seeks to reassure investors
Bermuda-based life reinsurance specialist Scottish Re Group revealed a second quarter profit of $99.5mn, which was boosted by a one-time tax benefit from last year’s loss of $123.9mn in the same period.
20 August 2007
GE loses asbestos claim
General Electric Co (GE) has lost a 10-year battle with insurers over payments relating to thousands of asbestos claims.
19 February 2007
Moody’s centres on lack of guarantees at Centre Re subsidiaries
Moody’s has downgraded its financial strength ratings on a number of Centre Re subsidiaries because of a lack of support from its parent company, Zurich Financial Services.
16 August 2004
Markel in $135mn US workers’ comp acquisition
Specialty (re)insurer Markel Corporation has acquired privately owned US workers' compensation insurer Aspen for $135mn in cash.
15 July 2010
WTC update: Dramatic testimony; Silverstein barred from court
WTC leaseholder Silverstein Properties and insurers led by reinsurance giant Swiss Re are litigating over which contractual wordings the various parties used in placing the building’s insurance cover.
23 March 2004
R&SA completes US sale as legal challenges continue
UK general insurer Royal & Sun Alliance (R&SA) has completed the sale of its US run-off operation Arrowpoint Capital to its management even though some policyholders are continuing to object.
05 March 2007
Moody rating angers Hannover Re
Despite publishing an improved outlook, Moody’s was again on the receiving end of criticism from Hannover Re, last week.
27 October 2003
Swiss Re - good news and bad
Single occurrence victory in WTC and strong 1H 2002 performance overshadowed by loss of triple A rating
01 October 2002
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