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There are 69,731 results that match your search.69,731 results
  • Reinsurers’ reluctant to absorb US terrorism risks
    Despite US legislation last year mandating insurers to provide compulsory terrorism cover, reinsurance companies appear reluctant to assume any of the new exposure. This was one of the many findings of the ratings agency Moody’s survey into the implementa
    02 June 2003
  • Aspen Re plans £800mn IPO
    Aspen Re, the London market reinsurer spun-out of the Lloyd’s insurer Wellington Underwriting last year, is planning to reward its private equity backers by floating in the US later this year.
    02 June 2003
  • Swiss Re: Storms greater industry threat than terror
    Despite the perceived threat of another terrorist attack on the scale of 9/11 and initiatives like the TRIA to encourage cover for property and business interruption losses, it is the natural world that still poses the greatest single danger to industry f
    02 June 2003
  • California blues as State Fund sues Commissioner
    The long-running acrimony between California’s insurance regulators and the State Compensation Insurance Fund (SCIF) took a turn for the worse last week when the Fund filed a lawsuit against the newly elected Commissioner John Garamendi to prevent his “il
    02 June 2003
  • Munich Re reports lower loss, but further writedowns likely
    Munich Re – the world’s largest reinsurer by premium – released first quarter results showing an improvement on the final quarter of last year, but massive deterioration on the comparable first three months of 2002. The German group conceded that results
    02 June 2003
  • PXRE paves way for $150mn offering
    Bermudian (re)insurer PXRE announced last Wednesday that it has filed a shelf registration statement with the Securities and Exchange Commission, paving the way for its planned offering of up to $150mn of securities.
    02 June 2003
  • Endurance gains Best endorsement
    A good start to the year for Bermuda’s Endurance has registered with ratings agency A.M. Best. Last Wednesday, the group’s holding company announced that its subsidiaries Endurance Specialty Insurance Ltd, Endurance Reinsurance Corporation of America, and
    02 June 2003
  • AIG settles $180mn film dispute
    Largest film finance resolution yet, as AIG, JLT, and CSFB settle UK High Court action with investors supporting Flashpoint backed films Lexington Insurance Company, a subsidiary of the world's most valuable insurance group AIG, has settled a $180mn di
    01 June 2003
  • Mixed messages on Trenwick MBO
    Despite revelations that Trenwick Managing Agency (TMA) is confident of securing financing to prevent Syndicate 839 sliding into run-off, the rating agency Moody's has downgraded its performance rating on TMA’s $500mn capacity syndicate to C (below averag
    01 June 2003
  • GoshawK unconcerned about The Accident
    Lloyd’s insurer GoshawK believes the demise of the UK personal injury firm The Accident Group (TAG) will have little impact on its earnings. According to a company spokesman, GoshawK was one of a number of London market insurers to provide After the Ev
    01 June 2003
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