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There are 69,551 results that match your search.69,551 results
  • SCB's guaranteed profit scheme
    The Insider's exclusive coverage of the Sphere Drake arbitrage trial continues with the revelation of SCB's supposed win-win scheme for PA LMX reinsurers Stirling Cooke Brown devised an intricate business plan guaranteeing net profits for insurers who
    01 April 2002
  • Lloyd's rating affirmed
    Fitch, the ratings agency, has removed Lloyd's from Ratings Watch and has affirmed its financial strength rating as A-. Lloyd's was double downgraded by Fitch on 21 September 2001 from A+ following uncertainties over “Lloyd's poor earnings performance in
    01 April 2002
  • Gerling up for sale; GE considering insurance spin-off
    A further sign that rate increases is not a universal panacea for the industry's ills occurred with the announcement that German industrial insurer and reinsurer has been put up for sale by its owners Deutsche Bank and Rolf Gerling. The move followed two
    01 March 2002
  • AIG: American National a "disgrace"
    AIG has lashed out at one of its reinsurers in a strongly worded complaint filed in the US District Court of the Southern District of New York.
    01 March 2002
  • Zurich and Westfield go to mandatory arbitration
    A legal dispute between Westfield, owners of the retail area of the World Trade Centre, and Zurich Insurance over supplementary cover has been voluntarily dismissed with both sides agreeing to resolve their differences in a mandatory arbitration hearing.
    01 March 2002
  • QBE: A$1.53bn gross WTC loss
    The 11 September terrorist attacks pushed QBE, one of Australia's few surviving international insurance companies, into an A$25mn loss for the 2001 year.
    01 March 2002
  • HIH "accounting shortcomings" over FAI purchase
    Dramatic testimony at the Royal Commission hearing into the collapse of Australian insurance company HIH has exposed the "accounting shortcomings" of HIH surrounding its 1998 acquisition of FAI Insurance.
    01 March 2002
  • Canada Life takes knock on A&H exposures
    Canada Life, one of the leading Canadian life insurers, has taken a provision of $70mn, net of tax, related to expected claims arising from the September 11 terror attacks. The company's gross exposure to Sept. 11 claims are estimated at $606mn. This prov
    01 March 2002
  • State Farm rating on credit watch
    Rating agency Standard and Poor's has placed the triple-A ratings of all State Farm operating entities on CreditWatch with negative implications.
    01 March 2002
  • Buffet's mea culpa
    Berkshire Hathaway's insurance operations violated the ‘Noah’ rule in losing $4.1bn in 2001, according to Warren Buffet's typically folksy letter to Berkshire Hathaway's shareholders.
    01 March 2002
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