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There are 69,722 results that match your search.69,722 results
  • Sun sets on Fortress Re
    The impending collapse of the Japanese backed Fortress Re pool with over $2.3bn liabilities has increased fears of bad debt in the international aviation market Anybody “that writes airline business will be affected by this, some in a very big way. Hun
    01 December 2001
  • Plain English: Pecuniary Loss
    English can often be misleading, so we have rustled up a guide to aid understanding to the minefield of Lloyd's business jargon. This month its the opaque business description “pecuniary loss”. Frustrated by being fed misinformation about the risks of
    01 November 2001
  • Trenwick - $96m net loss for third quarter
    Trenwick Group Ltd has reported its third quarter 2001 results, blaming the 11 September attacks for the downturn. For the first nine months of the year the group reported an overall loss of $128mn, although premium incomes were up (gross $1,061mn and net
    01 November 2001
  • Lloyd's stocks improve warily
    Valuations improve but insurers remain nervous of equity issue While the quoted Lloyd’s insurers have begun to claw back their valuations which were devastated by the 11 September attacks, their reluctance to raise funds via equity issues reflects the
    01 November 2001
  • For whom the Lutine Bell Tolls
    Accompanying the gloom of the 11 September events was the message from one members’ agent that “the status of Private Capital at Lloyd's has never been better”. On the other hand, Robert Hiscox was not slow to predict the demise of that same capital base
    01 November 2001
  • NY aircrash led by global aerospace
    The London market consortium Global Aerospace Underwriting Managers is believed to have led the coverage on the American Airlines plane that crashed into New York on the 13 November.
    01 November 2001
  • Carpenter leads Alleghany buy-out
    Michael Carpenter, the former Managing Director of Limit, has led a buy-out of struggling Lloyd's insurer Alleghany Underwriting Ltd, in a deal struck by former Equitas architect Heidi Hutter. The buy-out, which ends Alleghany Corporation's involvement wi
    01 November 2001
  • Concern over XL Capital's Lloyd's operations
    Following its rival ACE, XL Capital announced plans to raise over $600mn through the sale of 7mn ordinary shares in the light of the improving rating environment.
    01 November 2001
  • WTC litigation mushrooms
    The gloves are off as WTC insurers argue the attacks were one event and Silverstein acts to prevent ACE and XL Capital from pursuing a London arbitration The anticipated frenzy of litigation took at step closer to reality after Silverstein, the leaseho
    01 November 2001
  • Capacity auctions show confidence slump
    The third capacity auction saw prices fall as Names withdrew support for syndicates The third, delayed, Lloyd's syndicate capacity auction reflected the turmoil within the Lloyd's market. A total of £364.8mn of capacity was traded at an average price o
    01 November 2001
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