Everyone from the Russian space team, residents of Japan, Australia and the South Pacific, and certainly the brokers and underwriters at Lloyd’s who insured its safe landing for $200 million, can breathe a collective sigh of relief. Mir de-orbited and …
Everyone from the Russian space team, residents of Japan, Australia and the South Pacific, and certainly the brokers and underwriters at Lloyd’s who insured its safe landing for $200 million, can breathe a collective sigh of relief. Mir de-orbited and …
Lloyd’s announced that an expert team of brokers and underwriters, who are closely following the de-orbiting process of Russia’s Mir space station, would be available to comment on the risks and other insurance issues relating to the scheduled splashdown in …
Australia’s HIH Insurance has placed itself in provisional liquidation following its failure to obtain sufficient funds to continue operations. Administrators at KPMG, an international accounting and consulting firm, will begin the runoff, repaying policyholder claims and creditors, notably Wespac Bank, …
Australia’s HIH Insurance has placed itself in provisional liquidation following its failure to obtain sufficient funds to continue operations. Administrators at KPMG, an international accounting and consulting firm, will begin the runoff, repaying policyholder claims and creditors, notably Wespac Bank, …
The Swiss newspaper Blick published an advertisement offering a Sw.Frs. 500,000 ($303,000) reward for the safe return of a missing 162.5 carat pink diamond, described by experts as “of incredible purity and extremely rare.” The stone apparently disappeared last month …
NRMA, Australia’s largest general insurer, has agreed to acquire New Zealand’s State Insurance Ltd from CGNU, its present owner, for A$325 million ($178.23 million). CGNU chose to sell the former Norwich Union subsidiary rather than integrate its operations with its …
The U.K.’s Halifax, primarily a mortgage bank, confirmed that it was the latest entry to make a proposal to Britain’s troubled Equitable Life, and was in talks to acquire the insurer’s fund management business, sales force and administrative facilities, but …
Amid new revelations that the financial community and the government authorities knew a lot more about its financial problems, than previously revealed, the U.K.’s Equitable Life continues to seek a way to cap its liabilities to its guaranteed annuities holders, …
Talks between Chinese and World Trade Organization negotiators in Geneva appear to have stalled due to the inability to reach agreement on whether China will be accorded “developing nation” status for its agricultural sector, and the extent to which it …
