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There are 68,796 results that match your search.68,796 results
  • Greenberg clarifies D&O stance
    AIG's legendary leader Hank Greenberg reassured shareholders that the company's recent announcements over directors and officers exposures related to the need for higher rates, rather than an indication of a problem.
    01 March 2002
  • HIH subsidiary's LMX exposures
    As the Royal Commission in Sydney Australia continues to take evidence in to the collapse of the 2nd largest domestic Australian insurance company HIH, The Insurance Insider can reveal that its subsidiary FAI was writing PA LMX business via a quota share
    01 March 2002
  • Aon's clients hit by laddering litigation
    Over 100 of Aon clients face laddering suits that could hit directors and officers and financial institutions insurers Aon’s enthusiasm for US financial institutions cover in the late nineties is reflected by their clients exposure to the morass of lad
    01 March 2002
  • Markel's International's downgrade
    Markel International was downgraded by rating agency Fitch after its parent posted a $70mn charge. Fitch Ratings commented, "Markel International's operating performance and capitalization do not support the current ratings." The agency subsequently lower
    01 March 2002
  • ACE and XL Capital settle with Silverstein
    Bermudian reinsurers XL Capital and Ace have settled their disputed property insurance claim with WTC leaseholder Silverstein Properties Inc. In a release Ace commented, "The settlement is based upon a single occurrence and therefore will comprise payment
    01 February 2002
  • Arbitrage on Trial
    Odyssey Re attacks the legitimacy of reinsurance arbitrage in its fight with embattled broker Stirling Cooke Brown Reinsurance arbitrage is on trial as Odyssey Re accuses parts of the London market of indulging in "shady low grade arbitrage business" d
    01 February 2002
  • St. Paul's: cuts back reinsurance operations, takes $900m charge
    In an effort to boost profitability St Paul's is planning a dramatic reduction in its International underwriting operations, which may include its non-Lloyd's UK operation, and to greatly reduce its reinsurance business including dropping Aviation and Cre
    01 February 2002
  • It's not cricket
    London contingency underwriters were victorious in the High Court last month in demanding that an electronics manufacturer pay over £400,000 in premiums on a policy linked to the performance of the Indian cricket team held up because the Indian authoritie
    01 February 2002
  • Plain English
    English can often be misleading, so we rustled up a guide to aid understanding to the minefield of Lloyd's business jargon. This month it's the opaque business description:
    01 February 2002
  • Enron-o-Mania and the Insurance Industry
    The cover of the January 28 issue of Business Week reads “Special Report: Accounting in Crisis.” The crisis, of course, is Enron. It seems that the media are shocked, shocked to discover that many of America’s biggest companies lie, cheat, manipulate thei
    01 February 2002
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