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  • R&SA and Heath’s sued over $160mn film finance dispute US entertainment company Artisan Entertainment is suing R&SA and insurance broker Heath Insurance Broking Ltd for fraud and deceit over a complicated $160 mn insurance backed financing deal.
  • AIG throws blame onto financiers in the wake of Flashpoint Court of Appeal decision. We re-publish the release in full.
  • Insurer’s refusal leads to default on up to $183mn of CSFB Flashpoint bonds, but will the tactic backfire? According to the industry quip, AIG's unofficial motto is “make a claim, and we'll sue you”; a cheap shot at the world's largest insurance compa
  • On 6 March Independent Insurance Company ceo Michael Bright made the following upbeat statement about Independent's 42 percent fall (from £69.8mn in 1999 to £40.1mn for 2000) in anticipated profits:
  • First City, the independent Broker specialising in insurance for financial institutions, will recruit the five strong FinPro team that resigned from Marsh's Financial and Professional Indemnity division (FINPRO) subsidiary last month. The move will contin
  • Stirling Cooke Brown's path towards redemption has taken a further step with the announcement of a re-branding exercise and the appointment of Tony McCallum as the new managing director of the Company's London operations. As a result of the re-branding SC
  • Proposed spin-off troubled by disputed workers’ compensation carve out losses Zurich Financial Services’ ability to spin-off its reinsurance division will depend upon persuading investors that a series of losses, including ongoing exposures arising fro
  • On 3 April 2001, after the market had closed, AIG announced an unsolicited $46-per share offer to acquire American General in a $23bn stock transaction - a 25 percent premium over the closing price. One wouldn't go so far as to call Hank Greenberg a co
  • Continued poor forecasting adds to dismal performance of Syndicates In February 2000 Douglas Morton joined the Corporation of Lloyd's as Chief Analyst, reporting directly to Pat Hakong in the Market reporting and Solvency Department. His appointment ha
  • Willis relocates to Bermuda; proposes a partial offering of its stock in the United States; and Kohlberg, Kravis Roberts announce that they're not quite ready to sell their shares just yet etc.