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S&P negative on Aon after interims
Rating agency Standard & Poor’s last week revised its outlook to negative on Aon after the broker’s latest interims showed the firm’s margins continue to lag behind its peers.
18 August 2003
AlphaStar faces delisting
AlphaStar – the firm trying to rise from the ashes of Stirling Cook Brown (SCB) – has landed itself in hot water with Nasdaq for late filing violations.
27 May 2003
AIRMIC sets the European standard
AIRMIC has announced its risk management standard is to be taken on by risk managers across Europe.
23 June 2003
Aon launches security insurance
Aon Limited’s Risk Management Solutions (ARMS) division launched a Security Insurance offering on 6 October that will allow companies to fund major business initiatives while providing long-term financial security to third parties.
09 October 2006
AXA reshuffles ahead of Winterthur integration
French insurer AXA Group announced last week (2 October) a series of managerial appointments in its Mediterranean and Japan Asia Pacific divisions as it paves the way for integration with recently acquired Winterthur.
09 October 2006
Arrowpoint spin-off depends on Delaware
It took 18 months for ACE Ltd to persuade the Pennsylvania Insurance Commissioner to approve the sale of its asbestos riddled Brandywine subsidiaries, so R&SA shareholders might be in for a long wait before they see their US legacy business spun-off.
17 November 2006
Talbot predecessor costs Lloyd’s Central Fund a further £30mn
In the week that Talbot is set to announce a profitable sale to Bermudian (re)insurer Validus (see article 7), its predecessor company, Allegheny Underwriting drew-down a further £29.9mn from the Lloyd's Central Fund to cover its legacy losses.
14 May 2007
Asbestos reform passes first test of trust
The drive for meaningful asbestos reform in the US took a big step forward last Thursday as the Senate Judiciary Committee marginally voted in favour of Senator Orrin Hatch’s Fairness in Asbestos Resolution Act.
14 July 2003
Portuguese firm builds Cooper Gay stake
Portuguese conglomerate Sonae SGPS has acquired a 14 percent stake in the independent reinsurance broker Cooper Gay (Holding) Ltd with the option to double its stake to 28 percent.
08 May 2007
‘B’ rating for Limit 2999
Lloyd's Syndicate 2999, managed by Limit Underwriting Limited, has received a first time B Average performance with a stable outlook by Moody’s rating agency.
17 November 2003
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