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There are 69,142 results that match your search.69,142 results
  • Greenberg bullish in uncertain times
    A War in Iraq would make little impact on AIG claimed ceo Hank Greenberg to industry analysts this month. Asked about a possible conflict he commented, "Our business in the middle east is not huge. We have both life and non-life operations, and neither
    01 February 2003
  • Silverstein goes on the offensive
    The WTC litigation took another turn earlier this month. Silverstein Properties Inc, The Port Authority and Westfield have filed two new complaints alleging the original trial judge failed to take into account a “mountain of evidence” in an earlier ruling
    01 January 2003
  • Former HIH directors face prospect of criminal prosecutions
    The scope of blame over HIH widened last week as lawyers for the Australian Royal Commission began their summing up into the insurer's collapse, outlining more than 1,000 alleged breaches of the law. Senior HIH executives face possible criminal charges
    01 January 2003
  • Numis sanctioned by Lloyd's
    Specialist investment banking group Numis Securities has been removed from the Register of Sponsors of Lloyd's Capacity offers for two years following proceedings bought against it by the Society.
    01 January 2003
  • Aioi files Fortress Re charges
    Aioi joins fellow insurer Nissan in attacking the Sabbah and Kornfeld “cash machine” Japanese insurer Aioi has accused directors of the Fortress Re Pool of "intentionally looting" the assets of its sister operation, the collapsed captive reinsurer Car
    01 January 2003
  • Travelers boosts asbestos reserves to £3.4bn
    This month’s announcement from Travelers Property Casualty met with a largely positive response from Wall Street, insurance analysts and ratings agencies.
    01 January 2003
  • Conseco is Bankrupt - Finally! - It’s been a long time coming argues David Schiff
    It can take some time for a big, sleazy company to go bust. And it can take even longer when that company is run by an avaricious mountebank assisted by a bunkum-spewing accountant skilled in numerical prestidigitation.
    01 January 2003
  • Greenwich to focus on marine reinsurance
    A few weeks after Lloyd’s approved a last-minute funding deal with the Caribbean Imagine Insurance Co. Ltd, Greenwich and their new investors have restructured Syndicate 994’s underwriting portfolio. As a consequence, a moratorium has been placed on a num
    01 January 2003
  • Trenwick staves off disaster
    Trenwick, the Bermudian reinsurer, saved its vital Lloyd’s operations with a last-minute deal with its letter of credit providers. The Letter of Credit (LOC) was vital for Trenwick to secure its ability to underwrite in the Lloyd's market for the 2003
    01 January 2003
  • Enron insurers settle with J P Morgan
    The 11 insurers embroiled in a $1bn dispute with JP Morgan Chase over Enron deals will pay in the region of $655mn after a last minute settlement was reached earlier this month. Discussions dragged on through New Year's Day and the following night, wit
    01 January 2003
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