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There are 68,964 results that match your search.68,964 results
  • 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
  • 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
  • Stark warnings to CAT insurers for now and the future
    The industry needs to be prepared for the $100bn storm according to risk assessment experts who last week warned (re)insurers over issues caused by both the rising cost and frequency of hurricane driven catastrophes in the United States.
    26 September 2005
  • Energy industry spared Rita’s full wrath
    Hurricane Rita, the category three storm that made landfall on the Louisiana/Texas border with 120mph winds on 24 September, appears to have spared offshore oil platforms and onshore refineries the worst of its wrath, if latest industry reports...
    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
  • Aon set to unveil further job cut plans for UK operations
    Broking giant Aon Corp is expected to announce extensive job cuts in its UK operations as it emulates its rivals Marsh in reducing its headcount in response to the sluggish rating environment and post-Spitzer impact upon commissions.
    26 September 2005
  • WR Berkley and Montpelier Re to raise up to $1bn each
    US Insurer WR Berkley Corp revealed on Friday (23 September) that it may raise up to $1bn from the issue of debt securities and the sale of stock and other securities. In a filing with the Securities & Exchange Commission (SEC), the company said it...
    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
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