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There are 68,878 results that match your search.68,878 results
  • Converium reserves still short; increased capital raise approved
    Crisis-hit Converium today (31 August) announced plans to raise $420mn in a share issue after an independent actuarial review revealed the reinsurer’s reserves were $212.9mn short – even after its shock $385mn second quarter reserve charge.
    31 August 2004
  • AWAC Re opens London office
    Allied World Assurance Holdings revealed that its Dublin based reinsurance subsidiary AWAC Re has opened a London branch office.
    31 August 2004
  • Insurers sued over Enron crime policy
    Disgraced energy company Enron filed lawsuits against St Paul Fire & Marine, Chubb unit Federal Insurance and Great American Insurance over their alleged refusal to pay on a crime loss indemnity policy covering senior staff.
    31 August 2004
  • Lloyd’s begins Central Fund showdown with Swiss Re
    The showdown between Lloyd’s and its Swiss Re led reinsurers over the failure to pay more than £300mn of claims on the Central Fund reinsurance contract began today (31 August).
    31 August 2004
  • S&P: Scandinavian success set to continue
    Scandinavia’s general insurers are expected to continue churning out strong results in 2004 said Standard & Poor’s (S&P) as the rating agency published a report on Friday (20 August) maintaining its stable outlook on the sector.
    23 August 2004
  • Morgan Stanley boost for St Paul Travelers, but lawsuits undermine good news
    After reporting a $1.6bn reserve charge and a $275mn second quarter net loss in its first interims as a combined entity, and amid growing doubts about the rationale behind its merger, US property casualty giant The St Paul Travelers Companies received a w
    23 August 2004
  • Charley losses ‘manageable’
    Insurers have continued to count the cost of Hurricane Charley this week with firmer loss estimates coming from US, Bermudian and European companies appearing to steady midpoint total loss estimates at around $7bn-$8bn.
    23 August 2004
  • Converium on track to announce capital plans
    Swiss reinsurer in crisis Converium confirmed last week (20 August) that it is on track for a 31 August announcement detailing actions it will take to shore up its capital base in the aftermath of last month’s shock $385mn reserve charge and profits warni
    23 August 2004
  • McIntosh elected chairman of Joint Hull Committee
    Wellington’s hull underwriter Peter McIntosh has replaced William Beveridge as the chairman of the marine London market body, the Joint Hull Committee.
    23 August 2004
  • Groupama chairman resigns for 'personal reasons'
    The chairman of the French mutual insurer Groupama resigned last week. Jean Baligand, who had been chairman of the insurer’s mutual board since 1996, resigned “due to personal reasons”.
    23 August 2004
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