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There are 68,874 results that match your search.68,874 results
  • Equitas: asbestos continues to weigh heavily despite commutations
    Equitas announced its annual results for the year ended 31 March 2004 on 8 June, revealing a £296mn increase in gross discounted reserves for asbestos claims. Accumulated surplus after tax fell £67mn from £527mn to £460mn, but the reinsurer's solvency
    01 June 2004
  • Problems mount at Pender
    With writs flying and claims accruing, Cable &Wireless' ill-conceived foray into insurance may cost the telecoms firm and the London market dearly... Fears are growing of another multi-million pound insurance scandal, this time involving UK telecoms co
    01 June 2004
  • MMC feels heat from Spitzer (again)
    Following his targeting of uber broker Marsh for its use of PSAs (see Insider Week passim), New York attorney-general Eliot Spitzer has now set his sights on another Marsh & McLennan (MMC) subsidiary, namely Mercer Human Resource Consulting.
    01 June 2004
  • Agencies affirm Alea’s A-
    KKR-backed Bermudian Alea received a strong endorsement from AM Best and Standard & Poor’s (S&P) last week as the rating agencies affirmed their A- stable outlook financial strength ratings on the (re)insurer.
    01 June 2004
  • Buffett takes 16% White Mountains stake
    Last week was another hive of activity at fast growing (re)insurance group White Mountains as it was revealed that investment giant Berkshire Hathaway had taken a 16 percent stake, while subsidiaries Folksamerica and recently acquired Sirius were subject
    01 June 2004
  • Beazley’s Curran heads for Wellington
    A new property treaty reinsurance underwriting team has been formed at Lloyd’s insurer Wellington Underwriting, headed by former Beazley catastrophe, risk & aggregate excess of loss underwriter Will Curran.
    01 June 2004
  • Hardy continues niche expansion
    Lloyd’s specialist insurer Hardy has announced the appointment of George Doughty as underwriter for political risks, a class of business it has not provided until now.
    01 June 2004
  • Momart fire to cost insurers £20-30mn
    Last week’s Momart warehouse fire could cost fine art insurers more than £20-30mn in claims, Insider Week can reveal.
    01 June 2004
  • Central Fund payouts top $1bn
    Insolvent corporate capital providers cost market dear The Lloyd's Central Fund has now paid more than $1bn on behalf of insolvent corporate capital providers who have left the market with outstanding liabilities. Last month the Society revealed tha
    01 June 2004
  • Cox departure stuns market
    Rationale questioned as Cox answers back to reserving concerns... The sudden departure of Neil Utley as chief executive of Lloyd's motor insurer Cox on 11 June was met with surprise and shock. The move, and the unusually candid comments from senior
    01 June 2004
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