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There are 67,383 results that match your search.67,383 results
  • Australia introduces compulsory terrorism cover
    Compulsory terrorism cover will begin later this week (1 July) in Australia, after The Terrorism Insurance Act received Royal Assent on 24 June.
    30 June 2003
  • United Airlines sues AIG over 9/11 claims
    United Airlines has filed a $25mn complaint in the US District Court in the Southern District of New York against AIG over the insurer’s refusal to pay for business interruption losses after the 9/11 attacks.
    21 July 2003
  • Swiss Re takes Zurich Life
    Reinsurance giant Swiss Re is to buy a proportion of the UK life insurance business of its compatriot Zurich Financial Services (ZFS) in a deal worth a total of $460mn. The move follows Zurich Life’s decision to stop taking on new business from 27 August.
    18 August 2003
  • Gerling raises €150mn
    Distressed German insurer Gerling has boosted its equity base to €450mn after a group of German businesses and investors injected €150mn into the group in exchange of 30 percent of the company’s equity.
    20 October 2003
  • Legion faces liquidation after policyholder victory
    Major policyholders of defunct fronting insurer Legion Insurance Company can pursue their claims via Legion’s reinsurers, a Pennsylvania court ruled last week.
    30 June 2003
  • INSIDER SHORTS
    Wheeler leaves SVB Mark Wheeler, the underwriter of SVB’s liability Syndicate 1007, has left the Lloyd’s insurer.
    04 August 2003
  • XL builds financial guaranty muscle
    Bermudian giant XL Capital announced last Tuesday (6 January) that it has ploughed $100mn additional capital into its financial guaranty arm to fund business growth.
    12 January 2004
  • Wellington share price fails to take account of Aspen IPO
    The share price of Lloyd’s insurer Wellington Underwriting is undervalued by at least 20 percent because it fails to take account of the imminent Aspen IPO, claims London stockbrokers Altium Capital.
    03 November 2003
  • Hampden stands alone in Chaucer defiance
    Lloyd’s (re)insurer Chaucer has written to Names increasing the offer for unaligned 2004 capacity on its proposed merged Syndicate 1084 from 7.5p to 11p per £1.
    14 July 2003
  • Insider Shorts
    ZFS posts encouraging 1Qs Zurich Financial Services Group continued along its path of rehabilitation last week when posting first quarter net income of $114mn, against a comparable $6mn profit last year.
    27 May 2003
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