Lloyd's of London News – Page 118
-
Online only
Insurers count the cost of Kent earthquake
Insured losses from the earthquake which struck Kent in the early hours of Saturday morning are expected to result in tens of millions of pounds worth of insurance claims, while homeowners in the affected area face the prospect of higher premiums.At around 8:18am on Saturday 28 April the largest earthquake ...
-
Online only
GAB: Earthquake update
On 28 April 2007, an earthquake, measuring 4.3 on the Richter scale struck Folkestone in Kent. GAB Robins said that it received a number of emergency instructions over the weekend from insurers.According to GAB a large number of chimney stacks partially collapsed damaging roof coverings and cars parked in ...
-
Online only
Quinn sues over risk equalisation exemption
The Quinn group has started legal proceedings against the government over this Week's emergency legislation on risk equalization exemption.Quinn has said it welcomes many of the conclusions reached in the Barrington Report and, in particular, the recognition that the main impediment to competition in the private health insurance market in ...
-
Online only
Major building fire in Manchester
There has been a major building fire on Dale Street in Manchester city centre.According to reports a cordon has been raised and over 100 firefighters are battling the blaze.The initial fire spread to a neighbouring building where efforts are now being concentrated.
-
Online only
Goshawk troubles contine with 2006 loss
Goshawk has declared a post-tax loss of $1.0m for the year ended 31 December 2006, up from the $143.1m loss in 2005. The key constituents of this loss are a $0.3m loss at Rosemont Re and a $0.7m loss within the rest of the group. The group put the ...
-
Online only
Earthquake claims could reach tens of millions
The earthquake which struck Kent in the early hours of Saturday morning could result in tens of millions of pounds worth of insurance claims, according to the Association of British Insurers.The earthquake, which hit 4.3 on the Richter scale, caused structural damage to hundreds of buildings in the Folkestone area ...
-
Online only
Costs of motoring on the rise
British motorists are revving up over £51bn pounds a year just to keep their vehicles on the road, according to new research by Zurich. More than 9 in 10 (91 %) say car-running costs have increased over the last 5 years. Three quarters (74 %) say that owning a ...
-
Online only
Moroccan reinsurer assigned ratings
AM Best has assigned a financial strength rating of B++ to Morocco's national reinsurer, Société Centrale de Réassurance...
-
Online only
Aon celebrates 20 years
24 April, 2007 will be a day of celebration for Aon offices around the world, as the company celebrates two decades of business. Pat Ryan, Aon founder and executive chairman, commented: "It has been thrilling to see the original strategy -- that of being an advisor to the client with ...
-
Online only
Research: some multinationals not ready for risk
Study finds that companies are failing to implement necessary resources to tackle new levels of risks...
-
Online only
S&P upgrades Lloyd's to “A+”
Lloyd's upgrade is due to “unstoppable momentum behind improving London Market business processes” and the Equitas transaction...
-
Online only
Integro poaches another GC Fac exec
Integro has hired GC Fac's MD and head of worldwide casualty, Charles Waddington...
-
Online only
Dual International board appointment
Dual International has announced the appointment of Russell Kilpatrick to its board.
