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There are 69,202 results that match your search.69,202 results
  • Illium opens for trading
    Liability start-up Illium began trading last week, issuing quotes for risks which attach from 1 January 2004.
    08 December 2003
  • ACE to spin off financial guaranty business
    Bermudian giant ACE last week announced plans to spin off its financial guaranty business next year in a New York IPO. ACE said it will offer 65-75 percent of its interest in the new company.
    08 December 2003
  • Willis announces $600mn loan facility
    Willis – the world’s third largest broker – announced last Thursday (4 December) it had successfully completed a finance deal providing it with $600mn unsecured credit facilities, made up of a $450mn term loan and a $150mn revolving facility.
    08 December 2003
  • Putnam’s $32bn November loss
    Putnam Investments announced last week that its assets had plunged by more than $32bn in November following allegations of fraud and irregular trading.
    08 December 2003
  • Deadline passes on Executive Life deal
    The French and US governments look set for a courtroom showdown after failed attempts to settle a dispute over Credit Lyonnais’ 1991 takeover of failed Californian insurer Executive Life.
    08 December 2003
  • SCOR wins cautious support
    Rating agencies rallied around beleaguered SCOR after the French reinsurer had its EUR750mn rights issue endorsed by 91 percent of shareholders at an extraordinary general assembly last Monday (1 December) and announced a complete exit from credit derivat
    08 December 2003
  • Floodgates set to open on film finance litigation
    There was more insurance industry courtroom drama last week with a mammoth case management conference for the film finance litigation.
    08 December 2003
  • Montpelier Re announces first dividend
    Bermudian reinsurer Montpelier Re has announced its first ever quarterly dividend payment of 34 cents a share, payable on 15 January to holders of record from December 31.
    01 December 2003
  • Wellington armed with new £120mn credit facility
    Ten days after Lloyd’s insurer SVB announced a £50mn convertible bond and a shift away from Letter of Credit (LOC) financing, rival Wellington Underwriting said it had secured a new credit facility of £120mn with a group of banks.
    01 December 2003
  • France fails to lay Executive Life debacle to rest
    Last-ditch efforts apparently failed last week to resolve a long running dispute between the French authorities and US federal and state prosecutors over the Executive Life debacle.
    01 December 2003
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