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There are 68,868 results that match your search.68,868 results
  • Mountain Blues
    Lloyd’s is so excited about its dotcom project Blue Mountain which, aims to revolutionise the industry, that it has agreed to provide further funding In July ACE invested another £1mn into a revolutionary new electronic project that plans to slash cost
    01 September 2002
  • Trenwick and Swiss Re settle CatEput dispute
    European Reinsurance Company of Zurich, a subsidiary of Swiss Re, has purchased 550,000 of Trenwick's Series B Preferred Shares for an aggregate purchase price of $40mn, thereby settling the dispute between Swiss Re and Trenwick over a Catastrophe Equity
    01 September 2002
  • Willis to hand over WTC E&O documents
    Court ruling should establish if concerns over potential legal liability may have influenced Willis' view on the occurrence issue. The WTC dispute between insurers, led by Swiss Re, and the WTC leaseholder Silverstein looks set to force broker Willis G
    01 September 2002
  • CIGNA takes $1.1bn hit over VADBE exposures
    The employee benefits giant is facing a possible 2 notch downgrade from the rating agencies as worsening equity markets increased exposure on run-off contracts Shares in CIGNA fell in reaction to the shock announcement of a $1.1bn pre-tax charge over i
    01 September 2002
  • Insider Lloyd's News Briefs
    Syndicate 2 & 780 BF Caudle Agencies has proposed the merger of Syndicate 2 into Syndicate 780 for the 2003 Year of account. Planned 2003 capacity is £250mn, the merged syndicate will be headed by P. D Upton. Capital providers currently on Syndicate 2
    01 September 2002
  • Lloyd's investigates alleged Israeli cover note fraud
    Lloyd’s is to send in an audit team to Israel after revelations that one of the region’s leading producers is allegedly embroiled in a forged cover notes fraud. On 13 September, at a meeting attended by Lloyd’s regulatory officer Simon Wilkinson
    01 September 2002
  • Allianz - $750m asbestos reserve increase follows profits warning
    Allianz, Europe's largest insurer, will inject $750mn into its US subsidiary Fireman’s Fund to cover asbestos-related claims, doubling its reserves to $1.51bn.
    01 September 2002
  • R&SA removes CEO
    Bob Mendelsohn the embattled chief executive of Royal & Sun Alliance has been “ousted” from his position as the insurer manoeuvres for its rumoured forthcoming rights issue.
    01 September 2002
  • Aon's results dip but resolves SEC "comments"
    Shares in the world's second largest broking group, Aon, collapsed after the firm revealed below consensus earnings and details of an SEC enquiry into the firm's accounting practices. Excluding special charges, Aon's second quarter earnings would have bee
    01 September 2002
  • Enron Mahonia fraud allegations dismissed
    A New York Court has struck a body blow against JP Morgan Chase Bank after dismissing the fraud allegations that the bank levelled against 11 insurers who underwrote almost $2bn of surety bonds securing Enron contracts.
    01 September 2002
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