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There are 68,813 results that match your search.68,813 results
  • Lloyd's market results
    The market's tale of woe continues with further loss deterioration overshadowing proposed reforms and increasing premium incomes Lloyd's long awaited 1999 results were published last week accompanied by a pro-forma estimate for the first time of the 20
    01 April 2002
  • Some Thoughts on Insurance Company Ratings - An Unusual Correspondence by David Schiff
    The front page of the business section of yesterday's (20 March) New York Times carried the following headline: “Credit Raters to Explain Enron Role.” The rating agencies' explanations took place yesterday before the Senate Governmental Affairs Committee,
    01 April 2002
  • SCB's guaranteed profit scheme
    The Insider's exclusive coverage of the Sphere Drake arbitrage trial continues with the revelation of SCB's supposed win-win scheme for PA LMX reinsurers Stirling Cooke Brown devised an intricate business plan guaranteeing net profits for insurers who
    01 April 2002
  • Lloyd's rating affirmed
    Fitch, the ratings agency, has removed Lloyd's from Ratings Watch and has affirmed its financial strength rating as A-. Lloyd's was double downgraded by Fitch on 21 September 2001 from A+ following uncertainties over “Lloyd's poor earnings performance in
    01 April 2002
  • Gerling up for sale; GE considering insurance spin-off
    A further sign that rate increases is not a universal panacea for the industry's ills occurred with the announcement that German industrial insurer and reinsurer has been put up for sale by its owners Deutsche Bank and Rolf Gerling. The move followed two
    01 March 2002
  • AIG: American National a "disgrace"
    AIG has lashed out at one of its reinsurers in a strongly worded complaint filed in the US District Court of the Southern District of New York.
    01 March 2002
  • Zurich and Westfield go to mandatory arbitration
    A legal dispute between Westfield, owners of the retail area of the World Trade Centre, and Zurich Insurance over supplementary cover has been voluntarily dismissed with both sides agreeing to resolve their differences in a mandatory arbitration hearing.
    01 March 2002
  • QBE: A$1.53bn gross WTC loss
    The 11 September terrorist attacks pushed QBE, one of Australia's few surviving international insurance companies, into an A$25mn loss for the 2001 year.
    01 March 2002
  • HIH "accounting shortcomings" over FAI purchase
    Dramatic testimony at the Royal Commission hearing into the collapse of Australian insurance company HIH has exposed the "accounting shortcomings" of HIH surrounding its 1998 acquisition of FAI Insurance.
    01 March 2002
  • Canada Life takes knock on A&H exposures
    Canada Life, one of the leading Canadian life insurers, has taken a provision of $70mn, net of tax, related to expected claims arising from the September 11 terror attacks. The company's gross exposure to Sept. 11 claims are estimated at $606mn. This prov
    01 March 2002
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