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There are 68,158 results that match your search.68,158 results
  • Potential ‘spiral’ exposures force Willis to join SCB in fighting Odyssey Re's claims Recently floated broker Willis has made a late application to join Stirling Cooke Brown in fighting allegations that the broker deliberately conspired to place under
  • User-pays was heavily criticised. Lloyd’s insists that the process has been reformed but Laptop argues there is still much to be done In December 1997 Lloyd's announced the introduction of “User Pays”. One of the aims was to remove “the subsidisation
  • Gross results demonstrate sectors dependence on cheap reinsurance, and highlight concerns over expected recovery in the light of continuing stiff competition. Personal Accident: "An insurance policy which, in return for regular premiums, pays a specif
  • CEOs get cheap options Stock options may be a good form of compensation for start-up companies, but they aren’t appropriate for CEO's at most insurance companies. From a shareholder’s perspective, they have several drawbacks. They don’t align the C
  • AIG throws blame onto financiers in the wake of Flashpoint Court of Appeal decision. We re-publish the release in full.
  • R&SA and Heath’s sued over $160mn film finance dispute US entertainment company Artisan Entertainment is suing R&SA and insurance broker Heath Insurance Broking Ltd for fraud and deceit over a complicated $160 mn insurance backed financing deal.
  • Flashpoint $1 million fraud victim
  • Insurer’s refusal leads to default on up to $183mn of CSFB Flashpoint bonds, but will the tactic backfire? According to the industry quip, AIG's unofficial motto is “make a claim, and we'll sue you”; a cheap shot at the world's largest insurance compa
  • On 3 April 2001, after the market had closed, AIG announced an unsolicited $46-per share offer to acquire American General in a $23bn stock transaction - a 25 percent premium over the closing price. One wouldn't go so far as to call Hank Greenberg a co
  • On 6 March Independent Insurance Company ceo Michael Bright made the following upbeat statement about Independent's 42 percent fall (from £69.8mn in 1999 to £40.1mn for 2000) in anticipated profits: