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There are 69,226 results that match your search.69,226 results
  • US bail bond loss hits London
    London market insurers are facing a series of claims from insuring US bail bond firms, The Insurance Insider can reveal. One of the worst culprits appears to be the Capital Bonding Corporation, a Pennsylvania based firm whose principals have been sudd
    01 June 2004
  • London News Digest - June 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 June 2004
  • Fairfax increases LOC
    Canadian (re)insurance group Fairfax Financial Holdings announced last Thursday (27 May) that it has negotiated an increase in a revolving letter of credit facility from $300mn to $450mn for its reinsurance subsidiary nSpire Re.
    01 June 2004
  • Aon looks to industry standard for claims documentation
    Broker Aon marked a step towards an industry standard for integrated claims documentation last week with the news that 28 insurers and reinsurers from the London, European, Bermudian and North American insurance markets had signed up for the Aon Document
    01 June 2004
  • Endurance and Montpelier Re reveal buyback plans
    Post 9/11 Bermudian start-ups Endurance and Montpelier Re both announced share repurchase plans last week amid signs that the fast growing sector may be slowing, leaving surplus capital to be carved up among investors wishing to cash in stakes at the top
    01 June 2004
  • XL strives for AA rating
    Bermuda-based (re)insurer XL Capital focussed on its forward strategy of improving credit ratings, leveraging its global position, and expanding product lines at its annual investor meeting held in New York last week.
    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
  • Zenith must account to XL for controversial
    Management controlled motor insurer Zenith will have to disclose documents to former owner XL London justifying its controversial reserving on Syndicate 2002, which saw the new owners benefit from a £23.5mn release from reserves months after the sale.
    01 June 2004
  • 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
  • Tryg offers Chevanstell reassurance
    Scandinavian insurer Tryg Vesta has responded to fears that its UK (re)insurance subsidiary, Chevanstell Ltd - formally Tryg-Baltica International (UK) Ltd (TBI UK) - may be insolvent. After years of underwriting losses, TBI UK was placed into run-of
    01 June 2004
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