Lloyd’s announced that it had completed a preliminary assessment of the possible losses from last Tuesday’s terrorist attacks in the U.S., and although it gave no specific figures, it stated that “these exposures can be managed within its unique system …
Australia’s QBE has acknowledged that it stands to be hit hard by disaster losses in the U.S. after last Tuesday’s terrorist attacks. As yet it’s released no figures, but has said that the losses would be substantially larger than it …
Once upon a time in a country far, far away, a few visionaries (and yes, a few con artists) laid the foundations of the multi-billion dollar motion picture industry. It required taking considerable risks, and still does. Since its beginning …
The day after the Sept. 11 terrorist attacks on the U.S, insurance stocks fell significantly in international trading. The DJ Stoxx insurance index reportedly fell to a three-year low at 8:27 a.m. EDT, following a 13 percent drop on Tuesday. …
The article concerning Lloyd’s insurer and Managing General Agent Cotesworth & Co., which appeared on this Website September 7th, contained language which could be interpreted to adversely reflect on the company’s current financial status and claims paying ability. While Cotesworth …
Once upon a time in a country far, far away, a few visionaries (and, yes, a few con artists) laid the foundations of the multi-billion- dollar motion picture industry. It required taking considerable risks then, and it still does today. …
Standard & Poor’s has affirmed its double-‘A’ counterparty credit and insurer financial strength ratings on the core operating companies of the CGNU Group, and removed Norwich Union Holdings from CreditWatch. The ratings, based on S&P’s analysis of changes that had …
From all accounts, the surplus lines market is alive and well in the United States despite an economy which continues to sputter in many sectors. Numbers from the Surplus Line Association (SLA) of California, Lloyd’s, and A.M. Best Co. show …
Lloyd’s recent announcement of projected 1999 losses in the $2 billion range (see IJ Website, Aug. 30) is beginning to have a more immediate impact on some of its insurance syndicates. Yesterday Cotesworth & Co., which has been writing insurance …
Tony McGrath, the provisional liquidator for failed Australian insurer HIH, indicated that creditors of the bankrupt company may get only about 50 cents on the dollar. New loss estimates have put HIH’s shortfall as high as $2.8 billion (See IJ …
