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There are 69,015 results that match your search.69,015 results
  • Ratings woe for Converium
    Ratings agencies wasted little time in responding to last Tuesday’s (31 August) announcement by Converium of further reserving deficiencies following an independent actuarial review, casting a further shadow over the troubled reinsurer as it heads into th
    06 September 2004
  • Benfield: Bermuda builds capital nest egg
    Bermuda’s (re)insurers continued to build their balance sheets in the second quarter on the back of another strong earnings period.
    06 September 2004
  • Pressure to reform US State regulation grows
    An attempt to overhaul the US’ state-by-state based insurance regulation is gaining pace with the publication of a discussion draft of an Act which will give insurers far more freedom to set their own rates.
    06 September 2004
  • Charman applauds Xchanging after AXIS outsourcing initiative
    John Charman, the former Lloyd’s deputy chairman and founding president of fast expanding Bermudian (re)insurer AXIS Capital, has praised the UK outsourcing firm Xchanging after agreeing a five year deal to manage AXIS’ back office functions in the United
    06 September 2004
  • Hurricane Frances’ Florida rampage less savage than first feared
    Florida’s second major hurricane of the season, Hurricane Frances, caused less damage than predicted over the weekend after it weakened to a category 2 storm prior to making landfall 30 miles north of West Palm Beach near the town of Stuart at around 1am
    06 September 2004
  • Hogarth hits back over FSA writ
    London MGA Hogarth Underwriting has hit back at the FSA over the authority's plans to take it to court for placing business in the UK on behalf of unauthorised insurer CIC. Greek domiciled CIC, which started to target distressed UK liability sectors su
    01 September 2004
  • Weighing up the options at Lloyd's
    The long-established practice of issuing "Tonners" - policies that can pay out even though there is no insurable interest - was banned by legislation nearly 100 years ago. Now that the Lloyd’s market is more familiar with Alternative Risk Transfer techniq
    01 September 2004
  • Mitsui warns of alleged fraud
    Japanese insurance giant Mitsui Sumitomo has issued a warning that it has no connection with obscure UK managing agency AP Underwriting Ltd after discovering the company was allegedly offering false Mitsui security. On 26 August, Mitsui announced that
    01 September 2004
  • QBE takes knife to London arm in restructuring
    QBE, the second largest Lloyd's insurer with capacity of almost £1bn, has streamlined its London based operations by appointing Limit chief Stephen Burns to become the head of its newly unified European arm.
    01 September 2004
  • SVB stock slips as legacy bites
    Lloyd's insurer SVB suffered a 25 percent share price fall as it revealed further deterioration from its US legacy exposures. But the company responded by creating a £103mn plc level reserve fund which, it hopes, will reassure the City of its reserve a
    01 September 2004
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