After suffering its first ever net loss in 2001,an extraordinary and dismal year by anyone’s reckoning, the property/casualty industry finally received some good news as earnings reports for the first quarter of 2002 showed generally rising premiums, and earnings increases. …
Lloyd’s decision to begin reporting its syndicates profits and losses on an annual basis, rather than over three years, proved costly. Last year’s losses are estimated at £3.11 billion ($4.5 billion) overall, and WTC loss estimates rose slightly to £1.98 …
The Big Five Accounting firms seem destined to become the Big Four. Arthur Andersen, long one of the largest and most prestigious, went to trial in Federal Court in Houston on May 6 charged with destroying evidence. David Duncan, the …
After suffering its first ever net loss in 2001, an extraordinary and dismal year by anyone’s reckoning, the property/casualty industry finally received some good news as earnings reports for the first quarter of 2002 showed generally rising premiums, and earnings …
When someone new shows up in one of your favorite magazines, I guess it’s only fair that they tell you something about who they are, where they come from and how they look at the world. The “official bio” appears …
In future years, property/casualty insurers will no doubt look back on the year 2001 and shudder. Right now they’re too busy coping with the reality of the industry’s “annus horribilis,” to borrow Queen Elizabeth II’s view of 1992. Dominating the …
When someone new shows up in one of your favorite magazines, I guess it’s only fair that they tell you something about who they are, where they come from and how they look at the world. The “official bio” appears …
In future years property/casualty insurers will no doubt look back on the year 2001 and shudder. Right now they’re too busy coping with the reality of the industry’s “annus horribilis,” to borrow Queen Elizabeth II’s view of 1992. Dominating the …
Even though Jeffrey Isaacs, the assistant U.S. Attorney in the Los Angeles office, has been urging that the French Bank Credit Lyonnais (CL) be indicted for several allegedly illegal acts involving its takeover of Executive Life (See IJ Feb. 25, …
Berkshire Hathaway’s boss Warren Buffett didn’t become America’s most successful investor, and one of its richest men, by making mistakes, so when General Re suffered a $2.4 billion hit from the WTC attacks, everyone waited to see what the impact …
