News
LP pilots legal fix.
Litigation Protection has developed new software to help insurers and solicitors quantify the risks ...
Interesting times for costs judgement.
Quorum A S v Charles William Schramm - (Commercial Court - 21 November 2001).
No more stake in Converium, says Zurich
Zurich Financial Services has sold all of its shares in its former reinsurance arm, Comverium, follow...
Max Re invests in DaVinci
Max Re Capital of Bermuda has acquired $50m of shares in DaVinci Re Holdings, the parent company of n...
XL to raise $600m
The Bermudian (re)insurer XL Capital is to raise $600m by selling 6.5% senior notes due in 2012, in o...
Gerling in US gets cash injection and cuts back
Gerling Global Re is providing $150m for expansion to its main US company, Gerling Global Re Corporat...
Ace earnings lower than expected
Ace's net operating income for the fourth quarter of 2001 will fall below expectations, the company s...
Transatlantic could lose $39m on Enron
Reinsurer Transatlantic Holdings estimates that it could be liable for reinsurance losses of about $3...
Insurers' optimism remains unchanged
Business confidence in the UK general insurance sector has remained unchanged over the past three mon...
Radian rebrands subsidiaries
Radian Group is renaming of its subsidiaries, Enhance Re, Asset Guarantee Insurance (AGI) and Express...
New Year's awards for industry figures.
Victor Haslett, a former vice president of the Chartered Insurance Institute, was awarded a CBE in th...
Government defends Lloyd's regulation.
The government intends to mount a vigorous defence against the European Commission's decision that it...
Silverstein extends WTC lawsuit.
Larry Silverstein, leaseholder of the World Trade Center, has filed a new law suit against Travelers ...
Wellington head waiting in the wings.
Several contenders remain in the frame to head up the new London underwriting vehicle of Lloyd's insu...
Blake returns to LUC.
The London Underwriting Centre has appointed Victor Blake as executive chairman with effect from 1 ...
HHH purchase first on year's acquisition trail.
Hill House Hammond Business Insurance has made its first major acquisition of the year, with another ...
Sutton expansion.
Twickenham-based broker Sutton Winson has opened an office in Burgess Hill as part of its expansion ...
Chaucer takeover.
Chaucer Holdings has confirmed its plan, first announced in September, to acquire CNA Corporate Capi...
Two more on Independent hit list.
The list of possible targets for legal action to recover Independent Insurance's creditors' money has...
Giles acquisitions.
Giles Insurance Brokers has boosted its English presence with the acquisition of Halesowen-based Bar...
Farming merger.
Morris Associates and Phoenix Chartered Loss Adjusters have merged to form a team of dedicated farm,...
Job losses set to follow Rubicon deal.
The acquisition of Link Insurance by virtual provider Rubicon (PM, 13 December 2001), will mean the l...
Groupama sale delay.
The sale of Groupama's UK general insurance operation will be delayed until at least the end of the ...
ZFS reports net loss.
Zurich Financial Services expects to report a net loss of up to $400m (£275m) for 2001, as a result ...