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There are 68,813 results that match your search.68,813 results
  • GoshawK open for offers
    Advisors appointed to discuss "strategic options" which include a possible sale; concerns over reserve adequacies; space shuttle loss and The Accident Group; future of Syndicate 102 in doubt; share price falls by 30 percent Following reassurances from
    01 July 2003
  • Lloyd's looks again at capital base
    Despite Lloyd’s chairman Lord Levene’s recent assertion that “capital is capital. I don’t understand why people should be fixated by a particular type of capital”, the Franchise Board of Lloyd’s has established a Working Group to advise on the Society’s f
    01 July 2003
  • Truscott leaves Euclidian
    James Truscott has left Euclidian Group, the Lloyd's insurer he co-founded with James Stuart in 1994. Although currently the Group's executive chairman, Truscott has been away from the office for much of the year and, according to sources close to the
    01 July 2003
  • Sphere Drake defeats "dishonest" SCB in $258mn arbitrage trial
    Damning judgment involving "grave dishonesty" and "corruption of standards" In one of the industry's most eagerly awaited judgments in modern times, Sphere Drake has avoided over $250mn of exposures after broker Stirling Cooke Brown was lambasted by a
    01 July 2003
  • Insurers cheered by Wall Street victories
    Industry give cautious welcome to US Court decisions which reign in excesses of the Wall Street litigation; $1bn settlement removes 309 IPO companies from “laddering” litigation Insurers exposed to the myriad of US shareholder class action suits were
    01 July 2003
  • AIG's Secret Connection with Director - David Schiff looks at AIG’s charitable donations and independent directors
    Some of AIG’s “independent” directors have had unusual financial relationships with AIG or its affiliates, and may not be as independent as they appear to be. AIG’s failure to disclose these relationships to its shareholders raises questions about the com
    01 July 2003
  • Chaucer increases merger offer
    Lloyd's (re)insurer Chaucer has written to Names increasing the offer for unaligned 2004 capacity on its proposed merged Syndicate 1084 from 7.5p to 11p per £1. Chaucer upped the offer after its initial 21 June proposal met with little enthusiasm from
    01 July 2003
  • Pre-emptions set stall for record 2004
    Lloyd’s insurers are continuing to expand suggesting 2004 capacity will exceed £15bn Lloyd’s capacity should breach the £15bn barrier next year as managing agents continue expanding their capital bases to take advantage of the ripe trading conditions.
    01 July 2003
  • Employers Re stands alone on Best downgrade
    Employers Re (ERC), the world’s fourth largest reinsurer, was effectively downgraded from A+ to A (Excellent) last week as AM Best revised ratings following a first time assessment of the firm as a standalone entity, separated from the influence of its ow
    30 June 2003
  • Affirmation as AIG increases Asian interest
    AIG’s move to buy Japanese life and selected US p/c insurance operations from General Electric Capital (GEC) for $2.1bn has been met with a cautious affirmation from ratings agency Moody’s.
    30 June 2003
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