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There are 69,155 results that match your search.69,155 results
  • Royal on revival run with strong Q1 results
    May was a month to remember for Royal & Sun Alliance (R&SA) as the UK’s second largest domestic non-life insurer brushed off a High Court defeat to successfully float its rebranded Australasian operation Promina and beat expectations with a strong set of
    01 May 2003
  • R+V sues Risk for alleged conspiracy
    But Lloyd's based agency fights back after R+V withdraws facility... The Lloyd's based managing agency Risk headed by Jean-Claude Chalhoub fought back against its former backer R+V after the German reinsurer withdrew its support last month and filed le
    01 May 2003
  • Germany's big-guns fire on management
    The world's largest reinsurer Munich Re replaces head; Allianz separately confirms replacement for Schulte-Noelle Hans-Juergen Schinzler, the 62 yr old chairman of Munich Re's board of management, announced last month that he will step down at the end
    01 May 2003
  • HIH: incompetence at heart
    Although under-reserved and badly run, HIH was more a victim of incompetence rather than corruption. But the improper use of reinsurance helped prolong its tenure Royal Commissioner Neville Owen’s restrained report into the 2001 collapse of HIH Insura
    01 May 2003
  • Creechurch post-pones IPO plans
    Investors' enthusiasm for the Lloyd's sector is not unlimited, as Creechurch Group’s decision to post-pone plans to float on AIM proves. Earlier this year, the Lloyd's based insurer appointed advisors Hoare Govett to seek investors prepared to back a £
    01 May 2003
  • Benfield's IPO set for mid June
    Benfield, one of the world's largest reinsurance brokers, distributed listing particulars to potential investors on 28 May valuing the management owned firm at between £500mn-£660mn (midpoint £580mn). Despite moving its registration to Bermuda, last y
    01 May 2003
  • Insurers' disingenuous over liability losses
    "Close the law schools" quipped the legendary AIG chief Maurice "Hank" Greenberg earlier this month in response to a question on what could stem rising tort cost inflation. Controlling the spiraling costs of US tort awards has been a key theme this yea
    01 May 2003
  • Lloyd's pension deficit grows
    Corporation accounts reveal pension shortfall grows to £47mn post-tax and £19.9mn fees to support Project Blue Mountain (Kinnect) The Corporation of Lloyd's after tax pension deficit increased last year from £6mn to £47mn (£67mn before tax) because of
    01 May 2003
  • Dalzell-Piper joins Hiscox
    Former Faraday D&O underwriter Lance Dalzell-Piper has joined Hiscox to help the Lloyd's insurer market its professional indemnity lines.
    01 May 2003
  • If it ain't broke... - Lloyd’s was an aggressive monitor of commission payments in the London market, but with concerns rising that the FSA may be les
    Over the last five loss making years Lloyd’s lost around £6.9bn, yet it generously paid out £7.9bn over the same period in brokerage commissions for the privilege of writing the business. These sobering figures, compiled by The Insider’s analysis of Lloyd
    01 April 2003
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