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There are 68,868 results that match your search.68,868 results
  • Illium applies to form Lloyd's Syndicate
    Start-up changes advisers while debating merits of Lloyd's over company Illium Insurance, the proposed UK liability start-up headed by respected ex Limit stalwart Denis Burniston and Russell Benzies, has applied to form a new Lloyd's Syndicate to begi
    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
  • Legal odyssey spreads impact wide - The winners and losers of the Sphere Drake
    After an epic dispute that began in early 1999 with the Unicover fall-out, Odyssey Re predecessor Sphere Drake was victorious in the UK High Court earlier this month against the disgraced carve-out brokers SCB. It was one of the most eagerly awaited indus
    01 July 2003
  • Australia introduces compulsory terrorism cover
    Compulsory terrorism cover will begin later this week (1 July) in Australia, after The Terrorism Insurance Act received Royal Assent on 24 June.
    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
  • Hard market to continue: Swiss Re
    Despite growing concerns that US property & casualty rates are tailing off, Swiss Re senior economist Thomas Holzheu predicted last week that rates will continue to remain firm while profits remain hampered by poor investment returns and reserving issues.
    30 June 2003
  • Everest to continue climb
    Bermuda’s Everest Re Group has paved the way for fundraising by filing with the SEC last Friday to periodically sell up to $975mn of shares.
    30 June 2003
  • Marsh considers HLF swoop
    After two weeks of heightened rumours, Insider Week understands that Marsh representatives had contact with HLF over a potential take-over bid.
    30 June 2003
  • Insurers contribute to $1bn IPO settlement
    D&O insurers for 309 companies facing IPO class actions agreed to a $1bn settlement with plaintiff law firms last week, thereby clearing the decks for the “laddering” dispute between Wall Street firms, their liability insurers and disgruntled investors.
    30 June 2003
  • New UK liability start-up planned by ex Limit underwriter
    Corporate financiers at Hoare Govett, the London broking arm of Dutch bank ABN Amro, are rounding up investors to back a £50mn plus flotation of a new UK start up, Illium Insurance.
    30 June 2003
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