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There are 69,171 results that match your search.69,171 results
  • Marsh conducts HLF due diligence
    A Marsh takeover of UK broker HLF Group has taken a step closer to reality with the revelations that the world's largest insurance broker has begun due diligence proceedings.
    01 July 2003
  • Lloyd's looks again at capital base
    Despite Lloyd’s chairman Lord Levene’s recent assertion that “capital is capital. I don’t understand why people should be fixated by a particular type of capital”, the Franchise Board of Lloyd’s has established a Working Group to advise on the Society’s f
    01 July 2003
  • Time runs out as The Underwriter goes into run-off after just four years
    Troubled UK liability insurer The Underwriter has announced that it has gone into "solvent run-off" and, as of last Friday (11 July), will no longer write new business. The decision comes as a result of an FSA review into the company's parlous capital sit
    01 July 2003
  • Creechurch reconsiders IPO
    Lloyd's insurer negotiating with new advisers to rekindle postponed fund The Lloyd's based UK insurer Creechurch is considering a second attempt at a London IPO later this year, less than two months after withdrawing a planned £75mn AIM offer with sto
    01 July 2003
  • AIG's Secret Connection with Director - David Schiff looks at AIG’s charitable donations and independent directors
    Some of AIG’s “independent” directors have had unusual financial relationships with AIG or its affiliates, and may not be as independent as they appear to be. AIG’s failure to disclose these relationships to its shareholders raises questions about the com
    01 July 2003
  • Guy Carpenter faces $10mn IT suit
    Marsh reinsurance broking arm Guy Carpenter has become entangled in a competition dispute in the US with an IT outfit it partly owns. Ohioan software firm ReClaim Technologies and Services has filed a $10mn lawsuit against the broker for breach of cont
    01 July 2003
  • Munich Re takes Chinese bow
    Giant German Munich Re has become the first international reinsurer to receive a nationwide composite operating license in China as penetration into the tightly controlled domestic market gathers pace.
    01 July 2003
  • Trenwick withdraws from aviation as MBO imminent
    Trenwick Managing Agency announced at the beginning of the month that it had stopped writing aviation business "with immediate effect". The firm, which hopes to announce a management buyout from its distressed parent Trenwick International later this mont
    01 July 2003
  • CXRe in £2.5mn St Paul suit over unpaid claims
    CXRe, the operation in run-off formerly known as CNA Re UK, is facing a £2.5mn lawsuit from St Paul Syndicate 314 for non-payment of claims. In its 18 June High Court filing, the Syndicate "claims damages in respect of the defendant's failure, in breac
    01 July 2003
  • Truscott leaves Euclidian
    James Truscott has left Euclidian Group, the Lloyd's insurer he co-founded with James Stuart in 1994. Although currently the Group's executive chairman, Truscott has been away from the office for much of the year and, according to sources close to the
    01 July 2003
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