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  • Willis – the world’s third largest broker – announced last Thursday (4 December) it had successfully completed a finance deal providing it with $600mn unsecured credit facilities, made up of a $450mn term loan and a $150mn revolving facility.
  • Californian firm Risk Management Solutions (RMS) announced that it has undertaken risk analysis for a bond covering football’s global governing body FIFA for cancellation of its 2006 World Cup in Germany.
  • Dick Grasso, who by most accounts did a good job of running the NYSE, was forced from his position because he was paid so much that it became an embarrassment to his organization and to the board of directors that paid him so much money. David D 'Aless
  • In the wake of alleged dubious selling practices from the notorious claims manager The Accident Group, a recent study has concluded that at least a third of all claims against local councils may be fraudulent or exaggerated.
  • Bermudian reinsurer PXRE announced quarter to quarter growth of 13 percent last Wednesday, as net income rose from $19.0mn for the second quarter 2002 to $21.5mn this time round.
  • For the first time the prospect of people power has emerged at Lloyd’s following the proposed merger of Sedgwick Oakwood with Hampden; and Christie Brockbank Shipton(CBS) with the Amlin Members’ Agency. There are now 17 syndicates trading at Lloyd’s wh
  • Estimates for the forecast results of Lloyd’s syndicates in the 10th quarter of the 2000 underwriting year have shown few significant deviations from expected results. Only 12 out of 130 results have shown any increase over estimates on the 9th quarter, b
  • What with all the excitement and let down of the Asian Financial Crisis, many people working in marine insurance managed to forget for a few short years since 1997 that the shipping industry and the cargo producing industries are all tending to grow in an
  • The Court of Appeal unanimously rejected the case brought by the so called Jaffray Names against Lloyd's, and upheld the earlier High Court ruling that Lloyd's had not committed fraud.
  • Gentlemen, I enjoy your publication and appreciate the general quality and forthrightness of the editorial; very refreshing and often enlightening. I regret therefore that I must take you to task over a very short insert in your latest issue.