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Mixed results for Lloyd's ILVs
Hard market harvesters look to the future, while others held back by past Amlin 2001 reports record combined ratio Beazley sees good conditions, prepares for downturn Catlin grows with record premium and profit GoshawK posts better results Lega
17 March 2005
Cotesworth collapse breeds multiple claims
Names action group joins queue to sue directors of HIH-owned Lloyd's insurer Litigation embroiling now-defunct corporate vehicle Cotesworth Capital continues to snowball, with a claim being served earlier this month against former directors, auditors a
17 March 2005
Canadian breakthrough for Cavell scheme
The widening scope of schemes of arrangement was extended further last month as a Canadian court upheld its approval of a scheme promoted by run-off manager Cavell, despite last minute attempts to derail the process by Canadian policyholders.
17 March 2005
ICAP founder joins Oxygen
City grandee Michael Spencer has joined the board of London market start-up Oxygen Holdings plc, The Insurance Insider can reveal. Spencer, one of the wealthiest men in the City through the success of his company ICAP plc, became a non-executive direct
17 March 2005
Omega plans IPO
Potential new addition to quoted Lloyd's company sector Lloyd's insurer Omega Underwriting Holdings Ltd is planning an IPO, two years after it postponed a possible flotation, in a bid to build a platform to grow its permanent capital base and provide g
17 March 2005
International News Digest - March 2005
In our regular monthly News Digest, we round up key stories from the last month, presenting them to you in easily digestable snippets.
17 March 2005
Sullivan faces AIG challenges
Hank Greenberg’s replacement needs to prove the AIG chalice is not poisonous Even an industry legend can only suffer so many regulatory black eyes, and so it proved for American International Group's Maurice "Hank" Greenberg. Greenberg finally thre
17 March 2005
Davis to lead MMC Capital MBO
MMC Capital's chief executive Charles Davis is to lead a management buy-out of the private equity firm from its parent, the broking giant Marsh & McLennan Companies.
17 March 2005
Guilty rollcall mounts
Spitzer pursues a 'bottom upwards' strategy with bid-rigging investigations Kathryn Winter, a former Marsh managing director, became the 10th member of the US property & casualty industry to plead guilty to a criminal charge in connection with the New
17 March 2005
Willis WTC fears stoke broker model controversy
Agency relationship is at the heart of the dispute London market underwriters and brokers remain at loggerheads over new proposals for charging broker commissions, The Insurance Insider understands, with negotiations set to reach a critical stage in co
17 March 2005
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