Chicago-based Aon Corp., the No. 2 broker in the world, has reported third-quarter and nine months 2003 results. Third-quarter net income from continuing operations was $140 million, or 44 cents per share, compared with $121 million, or 43 cents per …
A.M. Best Co. announced that it has affirmed its Syndicate Rating of A (Excellent) of Lloyd’s Syndicate 510 with a stable outlook. The U.K.’s R J Kiln & Co Ltd. is the Synicate’s manager. “The rating reflects the syndicate’s excellent …
Now that the plans for rebuilding the World Trade Center are once again going forward (See IJ Web site Oct. 29), how to solve the ongoing claims involving the site has taken on an even greater importance. Last week saw …
Despite the earnest efforts of New York’s governor George Pataki to find a quick solution to the dispute between Silverstein Properties and Swiss Re over the amount to be paid for the destruction of the World Trade Center, both sides …
A year ago the reinsurance world had an optimistic side most companies had survived their exposures to 9/11 and premiums were rising. A pessimistic side reflected a 25 percent decline in capacity, thus limiting new business opportunities. Now, as the …
A year ago the reinsurance world had an optimistic side most companies had survived their exposures to 9/11 and premiums were rising. A pessimistic side reflected a 25 percent decline in capacity, thus limiting new business opportunities. Now, as the …
According to news reports, some significant progress towards the rebuilding of the World Trade Center has been achieved on two fronts. Architects Daniel Libeskind, whose overall design for the new WTC was accepted last March, met with David Childs, the …
A recent court ruling deemed the World Trade Center attacks to be a single event for insurance purposes, which is good news for insurers on the heels of some bad news: an earlier ruling allowing lawsuits to proceed against the …
A.M. Best Co. announced that it has affirmed the financial strength ratings of A (Excellent) of Lloyd’s syndicates 623 and 2623, both managed by Beazley Furlonge Ltd., with a “stable” outlook. The two syndicates underwrite business at Lloyd’s in parallel …
Despite the earnest efforts of New York’s governor George Pataki to find a quick solution to the dispute between Silverstein Properties and Swiss Re over the amount to be paid for the destruction of the World Trade Center, both sides …
