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  • Crédit Lyonnais has announced that it has reached agreement with the United States Attorney's Office to settle a long running investigation into the French bank's 1991 acquisition of Los Angeles-based Executive Life Insurance Company. In a statement po
  • Against the backdrop of US tort reform, some US insurers are lobbying to increase Equitas' burden of asbestos claims, warned Equitas’ new chief executive Scott Moser this month. Speaking at Equitas' annual meeting on 12 September, Moser applauded the
  • Lloyd’s specialist insurer Hardy Underwriting Group announced on Monday 22 September that it will begin underwriting financial institutions for the 2004 year of account. The account, which will be accommodated within the 2004 stamp capacity of £115mn,
  • XL Capital’s ELU transfers prime treaty account to rival Benfield Reinsurance brokers RK Carvill is in dispute with a division of XL Capital after the Bermudian insurance giant transferred its prime directors and officers reinsurance treaty to rival in
  • Germany’s Hannover Re announced a largely unchanged set of interim results for the first half of 2003.
  • A US Federal Jury has at long last issued an ultimatum to the parties that controversially purchased the assets of Executive Life, the Californian insurer that collapsed in 1991.
  • HLF Group is continuing to attract senior new executives and expand overseas despite the recent uncertainties caused by take-over talks with Marsh.
  • While 2002 promises to be a bumper year for Lloyd’s, the legacy of US casualty exposures continues to drag down the 2001 forecasts, according to the latest set of Syndicate Quarterly Returns published by Lloyd’s last week.
  • AIG backed ruling finds INA liable for Brandywine exposures, ACE to appeal The spectre of asbestos legacy issues hangs over Bermudian-based giant ACE Ltd, with the (re)insurer’s defeat in a landmark case involving Brandywine and ACE INA, inherited with
  • Under-reserved, GoshawK’s Syndicate 102’s future is on a knife-edge... Embattled Lloyd's insurer GoshawK saw its share price tumble for the second time in three months as the company admitted it was under-reserved by an undisclosed amount. Following