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Insolvent corporate capital costs Lloyd's over £400mn
The collapse of capital providers such as HIH will cost Lloyd's more than £400mn, the market's latest annual report reveals.
01 June 2002
Munich Re goes to AA- on ERM
The growing focus on Enterprise Risk Management (ERM) was again brought to the fore when it was cited by Standard & Poor’s (S&P) as a reason for Munich Re’s upgrade to AA- last month.
12 January 2007
PwC settles Tyco lawsuit for $225mn
Accountancy firm Price Waterhouse Coopers (PwC) has settled a lawsuit for $225mn with fraud-riddled manufacturing conglomerate Tyco International, over claims that it ignored fraud committed by top executives at the firm.
09 July 2007
Assurant profits plunge after writedowns
US insurer Assurant's fourth quarter net income dropped 93 percent to $11.9mn, compared to $182.4mn in Q408, after it was hit by goodwill writedowns and losses in its struggling health unit.
10 February 2010
Chaucer considers new syndicates
Chaucer Insurance Holdings plc is in talks to launch a new Lloyd’s syndicate with the former QBE Limit underwriter, Mark Harrington.
17 November 2006
The Hartford agrees $1.15bn asbestos settlement
US giant property casualty insurer The Hartford announced Friday (19 December) that it has agreed a $1.15bn global claims settlement for asbestos exposures to MacArthur Company and its Western MacArthur subsidiary.
22 December 2003
Aon appoints new chief risk officer
UK broking giant Aon Limited has appointed Pauline Colving to be UK chief risk officer.
27 October 2008
BP Marsh increases broker investments
BP Marsh & Partners plc, the London-based investor in specialist insurance and other financial services related companies, has increased its brokerage investment with the proceeds of its recent AIM listing.
30 October 2006
FSA fines General Re £1.2mn over Finite Re deals
UK regulator the Financial Services Authority (FSA) fined Berkshire Hathaway subsidiary General Reinsurance UK £1.225mn last week for arranging two improper reinsurance transactions.
27 November 2006
MAP launches £43mn sidecar syndicate
Lloyd’s first sidecar syndicate, Managing Agency Partners Ltd’s (MAP) Syndicate 6103, began underwriting last month after successfully raising £43mn in capital from Lloyd’s Names.
02 January 2007
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