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There are 68,964 results that match your search.68,964 results
  • Outdated systems costing market millions
    The London Market is missing out on millions of pounds in savings because of its failure to embrace new technology that would speed up business processes. At the ACORD Forum on 20 October, London was described as resistant to change and slow to act...
    24 October 2005
  • Boards under regulatory spotlight
    A new report has found that regulatory probes are placing the boards of (re)insurers under increasing pressure over a range of issues. The report by Moody’s Investor Service highlighted finite risks, mutual funds and potential conflicts of interest...
    24 October 2005
  • Nigerian plane crash kills 117
    The black boxes have been recovered from the site of Saturday (22 October) night’s plane crash in Nigeria. The Bellview Airlines Boeing 737 crashed minutes after take-off in Lagos on its way to the Nigerian capital Abuja killing all 117 crew and...
    24 October 2005
  • Industry execs to launch Bermuda start-up
    Jeff Greenberg, the former MMC chief executive, has recruited a senior management team to lead his new $1bn+ Bermudian (re)insurer, Insider Week can exclusively reveal. George Reeth, the former president of Willis’ North America operations, and...
    24 October 2005
  • AM Best: hurricanes not a solvency issue for US P&C industry
    Despite the depredations of the 2004 and 2005 hurricane seasons, the US property/casualty sector appears to be in rude health – at least for the time being, if the latest industry report from ratings agency AM Best is to be believed. In its report...
    24 October 2005
  • Greenberg’s Starr sues for independence from AIG
    Former American International Group (AIG) chief executive, Maurice "Hank" Greenberg, is countersuing his former company through Starr International Company (SICO) in a growing dispute over control of a 12 percent stake in AIG worth nearly $20bn.
    24 October 2005
  • Allstate reduces exposure to Gulf Coast homeowners’ risks
    America’s second largest personal line insurer Allstate has said it will reduce coverage of homeowners’ risks in the Gulf Coast region after being hit by a $1.55bn loss in the third quarter as a result of Hurricane Katrina. Speaking to analysts in a...
    24 October 2005
  • Start-up Bermudian reinsurer to acquire Rosemont Re infrastructure
    Industry veteran Don Kramer has agreed to buy the infrastructure of GoshawK’s Rosemont Re to establish a new $750mn+ private equity backed Bermudian reinsurer. In an announcement to the London Stock Exchange this morning (24 October), GoshawK...
    24 October 2005
  • Willis sued over WTC losses
    Willis Corp is being sued by the owner of the Millennium Hilton in Manhattan, New York for alleged negligence in securing business interruption cover for the hotel group. Millennium & Copthorne Hotels plc, the owner of the Millennium Hilton, has...
    24 October 2005
  • AIG appoints former SEC accountant
    Insurance giant American International Group Inc (AIG) appointed the former Securities and Exchange Commission (SEC) chief accountant Michael Sutton to its board of directors last week. Sutton, who served as chief accountant at the SEC from...
    24 October 2005
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