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There are 69,171 results that match your search.69,171 results
  • Insurers cheered by Wall Street victories
    Industry give cautious welcome to US Court decisions which reign in excesses of the Wall Street litigation; $1bn settlement removes 309 IPO companies from “laddering” litigation Insurers exposed to the myriad of US shareholder class action suits were
    01 July 2003
  • Chaucer increases merger offer
    Lloyd's (re)insurer Chaucer has written to Names increasing the offer for unaligned 2004 capacity on its proposed merged Syndicate 1084 from 7.5p to 11p per £1. Chaucer upped the offer after its initial 21 June proposal met with little enthusiasm from
    01 July 2003
  • Pre-emptions set stall for record 2004
    Lloyd’s insurers are continuing to expand suggesting 2004 capacity will exceed £15bn Lloyd’s capacity should breach the £15bn barrier next year as managing agents continue expanding their capital bases to take advantage of the ripe trading conditions.
    01 July 2003
  • Illium applies to form Lloyd's Syndicate
    Start-up changes advisers while debating merits of Lloyd's over company Illium Insurance, the proposed UK liability start-up headed by respected ex Limit stalwart Denis Burniston and Russell Benzies, has applied to form a new Lloyd's Syndicate to begi
    01 July 2003
  • Sphere Drake defeats "dishonest" SCB in $258mn arbitrage trial
    Damning judgment involving "grave dishonesty" and "corruption of standards" In one of the industry's most eagerly awaited judgments in modern times, Sphere Drake has avoided over $250mn of exposures after broker Stirling Cooke Brown was lambasted by a
    01 July 2003
  • Legal odyssey spreads impact wide - The winners and losers of the Sphere Drake
    After an epic dispute that began in early 1999 with the Unicover fall-out, Odyssey Re predecessor Sphere Drake was victorious in the UK High Court earlier this month against the disgraced carve-out brokers SCB. It was one of the most eagerly awaited indus
    01 July 2003
  • Australia introduces compulsory terrorism cover
    Compulsory terrorism cover will begin later this week (1 July) in Australia, after The Terrorism Insurance Act received Royal Assent on 24 June.
    30 June 2003
  • Affirmation as AIG increases Asian interest
    AIG’s move to buy Japanese life and selected US p/c insurance operations from General Electric Capital (GEC) for $2.1bn has been met with a cautious affirmation from ratings agency Moody’s.
    30 June 2003
  • Hard market to continue: Swiss Re
    Despite growing concerns that US property & casualty rates are tailing off, Swiss Re senior economist Thomas Holzheu predicted last week that rates will continue to remain firm while profits remain hampered by poor investment returns and reserving issues.
    30 June 2003
  • Everest to continue climb
    Bermuda’s Everest Re Group has paved the way for fundraising by filing with the SEC last Friday to periodically sell up to $975mn of shares.
    30 June 2003
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