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There are 68,813 results that match your search.68,813 results
  • Senator Hatch's plan - will it pass trust test?
    Ten days after Hartford trumped Travelers with a record $2.6bn asbestos reserve charge, moves to introduce meaningful legislation to curb asbestos lawsuits in the US gathered fresh pace. Republican Senator Orrin Hatch introduced a bipartisan bill in s
    01 May 2003
  • Insolvent corporate capital cost Lloyd’s Central Fund £600mn
    The swathe of corporate collapses has cost Lloyd’s, and its Central Fund reinsurers, almost £600mn in the last two years. In the last year alone, Lloyd’s paid out £465.5mn on behalf of corporate capital investors who flocked to the market in the late
    01 May 2003
  • Schroeder to focus on the Sage
    Alice Schroeder, the US insurance analyst famous for dishing out buffetings on poor performing insurance companies, is to take a sabbatical from equity research to write a book on the investment guru, Warren Buffett. Despite the existing literature on
    01 May 2003
  • R+V sues Risk for alleged conspiracy
    But Lloyd's based agency fights back after R+V withdraws facility... The Lloyd's based managing agency Risk headed by Jean-Claude Chalhoub fought back against its former backer R+V after the German reinsurer withdrew its support last month and filed le
    01 May 2003
  • Lloyd's pension deficit grows
    Corporation accounts reveal pension shortfall grows to £47mn post-tax and £19.9mn fees to support Project Blue Mountain (Kinnect) The Corporation of Lloyd's after tax pension deficit increased last year from £6mn to £47mn (£67mn before tax) because of
    01 May 2003
  • GoshawK defeats Atletico Madrid pts 2.9bn relegation claim
    Defiant London market contingency underwriters scored a victory in the UK High Court against claims by the insurer of Atletico Madrid, a Spanish football club, that it should be compensated for relegation. The Spanish side's fronting insurer Banco Vi
    01 May 2003
  • Benfield's IPO set for mid June
    Benfield, one of the world's largest reinsurance brokers, distributed listing particulars to potential investors on 28 May valuing the management owned firm at between £500mn-£660mn (midpoint £580mn). Despite moving its registration to Bermuda, last y
    01 May 2003
  • Inside the AIG Proxy Statement - in depth analysis from David Schiff
    The Audit-Committee Report AIG is arguably the greatest insurance organization in the world. As such, it deserves more scrutiny than other companies. In its reports for the years ending 2001 and 2000, AIG's audit committee disclaimed virtually all r
    01 April 2003
  • US Supreme Court gives heart to insurers
    In a welcome reversal of type, the US Supreme court delivered a pro insurer judgement earlier this month restricting the scale of punitive damage awards. In State Farm Mutual vs Campbell et al, the US Supreme Court decided by a 6-3 majority that puniti
    01 April 2003
  • GoshawK takes hit on death insurance
    Lloyd's insurer unveils disappointing results and agrees to reverse out £27mn of earned premiums from controversial viatical insurance GoshawK's involvement with viatical business - the controversial practice of buying life insurance policies off the
    01 April 2003
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