Lloyd's of London News – Page 119
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Demand for stand-alone terrorism insurance continues to grow
A combination of increased capacity, more predictable premium rates and innovative programme design is creating steady growth in the take up of stand-alone terrorism insurance...
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Glencairn completes Park London transfer agreement
Glencairn and Park London have completed a transfer agreement under which the majority of Park London's insurance and reinsurance accounts move to Glencairn...
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Lloyd's calls for further tax breaks
Despite Gordon Brown's announcement of a basic UK corporation tax cut of 2% last month, Lloyd's chairman Lord Levene said that he will argue for further reductions...
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Converium sues SCOR; alleges hostile bid violations
Converium cites SCOR's exclusion of its US shareholders from particpating in offer in reasons for lawsuit...
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Backchat
Allianz acts as the new robber baron
While Allianz workers in South Gloucester-shire are trying out a new health scheme to help keep the company in tip-top shape, other members of the Allianz family are opting for more adventurous ways to boost productivity.Backchat spies witnessed first hand the more aggressive tactics of the insurer as it tested ...
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News
Allianz launches free risk service
Allianz Cornhill Commercial has moved to strengthen its position in the expanding risk management sector with the launch of Risk Director.The free online risk management service is designed to help brokers and customers manage and control risk. It provides access to a range of services including a preferred suppliers network, ...
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News
Private equity buys Alea for £162m
Private equity firm Fortress Investment Group has made its first foray into the insurance market, acquiring ailing reinsurer Alea Group Holdings for £162m. In the past 18 months Alea, hit by losses from hurricane Katrina, has sold off its core business offerings and pursued an aggressive run-off strategy.Fortress,which has ...
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Decrease in finite puts Imagine back on stable
AM Best has revised the outlook of Imagine Insurance Company from negative to stable...
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Guy Carp reassures clients after fac departures
Guy Carpenter has today issued a statement on the departures of Julian Samengo-Turner, Ron Whyte and Marcus Hopkins...
