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There are 68,813 results that match your search.68,813 results
  • Connecticut A-G expands MMC complaint
    It was a bittersweet week for MMC in its negotiations with US regulators to settle the investigations and allegations into the firm’s past business practices. On the one hand, the broking giant entered into an agreement with the National Association...
    26 September 2005
  • Lloyd’s syndicates expand in anticipation of post-Katrina rate hikes
    One month ago it looked like overall capacity would be down at Lloyd’s next year, now with the market changed by Hurricane Katrina the reverse could be true. Although total industry losses and individual insurer losses caused by Hurricane Katrina...
    26 September 2005
  • Concerns over Lloyd’s insurer Advent continue in Katrina’s wake
    Ratings agency Moody’s Investors Service has added to fears over Advent Underwriting Ltd’s ability to weather its substantial Hurricane Katrina losses by placing its B (average) rating on the company’s Syndicate 780 on review for a possible downgrade.
    26 September 2005
  • Lawyers warn of ‘brewing storm’ post-Katrina
    Following the news that the first Hurricane Katrina lawsuit had been filed against insurers in the US (see Insider Week No. 191), law firms have begun to brief insurance clients in earnest over the challenges they will face in the likely deluge of...
    26 September 2005
  • Eqecat adds flood damage to Katrina estimates
    Risk modelling experts Eqecat released estimates of between $11-19bn for the offshore energy and commercial flood damage caused by Hurricane Katrina. Although the estimates are outside of Eqecat’s usual scope, the company said it was responding to...
    26 September 2005
  • S&P: DAS management suspensions will not affect rating
    Ratings agency Standard & Poor's (S&P) has confirmed that its ratings and outlook on legal expenses insurance underwriter DAS remain unchanged. This follows the suspension of members of DAS’s senior management team, after it emerged they were...
    26 September 2005
  • Deloitte settles with Japanese insurers
    Three Japanese insurers will receive large cash settlements from Deloitte & Touche LLP because of the company’s auditing role in the collapse of controversial US aviation reinsurance company Fortress Re.
    26 September 2005
  • Ratings agencies mixed on Montpelier capital raise
    Ratings agencies Moody’s and Standard & Poor’s (S&P) have delivered contrasting responses to Bermudian reinsurer Montpelier Re’s successful $600mn fundraising exercise to fill the hole left by Hurricane Katrina and subsequent flood losses.
    26 September 2005
  • MMC settles with insurance regulators
    Marsh & McLennan (MMC) has reached agreement with more than 30 US insurance regulators over alleged fraud and anti-competitive practices. The charges were levelled by New York attorney general Eliot Spitzer and New York State Insurance...
    26 September 2005
  • Katrina estimates continue to roll
    The (re)insurance industry has continued its assessment of the likely financial impact of hurricane Katrina, the category 4 storm that brought devastation to New Orleans and the US South late last month.
    26 September 2005
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