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There are 69,729 results that match your search.69,729 results
  • Insider Shorts - UBS Warburg bullish on reinsurance rates
    As we approach the heart of the European reporting season, UBS Warburg has warned that investors will have to wait another year before reinsurers' results properly reflect the improved rating environment.
    01 February 2003
  • Calls grow for US tort reform
    Pressure for comprehensive legal reform in the US has grown with the American Bar Association (ABA) voting to back asbestos limit caps and the asbestos reform bill was introduced in the US Senate. This after President Bush called for changes to medical ma
    01 February 2003
  • Fitch mixed on Lloyd's
    Fitch, the rating agency, has affirmed the 'A-' financial strength rating of Lloyd's, but has retained the market's negative outlook. While Lloyd's capacity might have leapt to a record high of £14.4bn there are still some problems ahead, argues the ag
    01 February 2003
  • More losses at troubled Trenwick
    Embattled insurer Trenwick Group posted devastating fourth quarterlies to unveil a $386.1mn loss for the year. A loss was inevitable even before the insurer announced a $107mn boost to its reserves for the fourth quarter. The reserve boost, which followed
    01 February 2003
  • Catlin wins fight in Club renewal
    Fierce inter-syndicate competition sees Catlin capture flagship contract from LIMIT Perhaps it was destined to be that the year of its name would see Catlin’s Syndicate 2003 take the helm on Lloyd's biggest and most prestigious marine reinsurance cont
    01 February 2003
  • AIG's bear market - Bringing on the bad news by David Schiff
    On Monday 3 February at 8:23 p.m., AIG announced that it would take a $2.8 billion pretax charge ($1.8 billion after tax) to boost loss reserves, primarily for excess casualty and D&O claims from the 1997 to 2001 accident years.
    01 February 2003
  • It's not cricket
    Lloyd’s contingency underwriters bat away Aon’s IMG claim A day after the England cricket team was due to play Zimbabwe, Lloyd's contingency underwriters were victorious in the High Court in batting away a $2mn claim demanding they pay for the event c
    01 February 2003
  • 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
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