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There are 68,875 results that match your search.68,875 results
  • Size matters as syndicates hold firm on capacity
    Despite growing calls for Lloyd's to shrink capacity next year, evidence suggests that many syndicates are keen to maintain their own size. Lloyd's insurers have begun the process of entering their 2005 business plans to the Franchise board and many s
    01 August 2004
  • US and Bermudian (re)insurers cash in as market peaks
    Established Bermudians show strength but warnings grow over pricing pressures... ACE reported healthy second quarter figures with operating earnings of $380mn, or $1.29 a share, marginally up on consensus analysts' estimates of $1.25, and 33 percent hi
    01 August 2004
  • Global brokers face PSA class actions
    Weeks after an Illinois Court gave the green light for a national class action suit to proceed against Aon over alleged hidden commissions, came news that class action giant Millberg Weiss Bershad & Schulman LLP is suing Marsh and Willis for failing to di
    01 August 2004
  • JLT rebrands wholesale arm following
    JLT is to establish a separately branded company Lloyd & Partners to focus on business produced from independent US retail brokers. Traditionally one of the strongest performing units of the London headquartered broker, JLT's management moved after rec
    01 August 2004
  • But Converium faces race to recapitalise
    Last month's shock $385mn US casualty reserves bolstering and profits warning fed through to hit reinsurer Converium's half year results hard, with a second quarter operating loss of $300mn and net loss of $660mn taking the year-to-date figures to $223mn
    01 August 2004
  • Kiln 557 downgraded on alteration to business plan
    Ratings agency Moody's has downgraded the performance rating of property catastrophe insurer RJ Kiln Syndicate 557 from "A" Very Good to "A-" Good with a stable outlook. Moody's said the downgrade was because of management proposals to reduce the syndi
    01 August 2004
  • Lloyd's Central Fund reform earns 'A' rating from AM Best
    Lloyd's has today (12 August) had its financial strength rating upgraded to "A" (Excellent) from "A-" (Excellent) with a stable outlook by ratings agency AM Best. The agency said the rating, which is now in line with Standard & Poor's "A" rating, refl
    01 August 2004
  • Pender carcass offers rich pickings for legal eagles
    Unhappy legacy of former Cable & Wireless captive played out in court For C&W in July it was a litigation double whammy in London's Royal Courts of Justice with the opening shots in two legal skirmishes relating to its former insurance captive, Pender
    01 August 2004
  • London News Digest - August 2004
    In our regular monthly News Digest, we round up key stories from the last month, presenting them to you in easily digestable snippets.
    01 August 2004
  • ACE looks to boost Brandywine cover
    Despite ringfencing, ACE considers purchasing further cover for run-off asbestos unit ACE Ltd is examining ways to resolve its asbestos exposures which have dogged the insurance giant since its $3.45bn acquisition of Cigna's non-life business in 1999.
    01 August 2004
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