Your Search Returned 12 tagged news reports
Allen Stanford, who faces U.S. criminal and civil charges for allegedly leading a $7 billion Ponzi scheme, is suing Lloyd's of London for defense costs. Lloyd's had advanced some legal fees under a directors and officers policy. But the insurer sent...
Tags: R. Allen Stanford, Mark Kuhrt, Laura Pendergest-Holt, Lloyd's of London, Gilbert Lopez, United Kingdom, London, Confidence tricksters, Holt, Dick DeGuerin, Charles Ponzi, Fraud, Year of birth missing, Allen Stanford, Law Crime
Allen Stanford sat in court glumly for three hours today while a dozen lawyers debated whether insurance should pay for his criminal attorneys and whether those lawyers will have to report to a civil receiver when they find something new in the case.
Tags: R. Allen Stanford, Stanford Financial Group, Stanford International Bank, Lloyd's of London, Judge David Hittner, criminal defense, James M. Davis, defense lawyer, Houston, Money laundering, Insurance, Lawyer, Allen Stanford, David Hittner, Law Crime
The Lloyd's of London insurance market sounded a note of caution yesterday over the recent strength in stocks and other riskier assets, saying that, while the rally had resulted in higher investment returns, "the scope for further such gains is increasingly...
Tags: THE Lloyd', Lloyd's of London, insurance market, london insurance
Pre-tax profit for the six months to the end of June came in at £1.32bn, compared with £949m a year ago. Lloyd's said the results also reflected its "prudent and conservative approach" and strong investment returns. More catastrophe claims tend to be...
Tags: Lloyd's of London, Lloyd’s, catastrophes claims, pretax profits, insurers market, relatively low, low level, billion pounds, tax profits, United Kingdom, London
The chairman of Lloyd's of London last night hit back at critics of Britain's beleaguered financial sector and warned politicians risked doing "irreparable damage to one of the strongest sectors of our economy". Speaking at the Lloyd's City Dinner, Lord...
Tags: Lloyd's City Dinner, Lloyd’s of London, Lord Levene, financial services, Lloyd's of London, United Kingdom, London
Court proceedings in London have ended after a group of reinsurers, including Allianz of Germany, Generali of Italy and three Lloyd’s of London syndicates, agreed to pay 95 per cent of the reinsurance claim, or €39.2m ($58.2m).
The company said it had originally based its prognosis on forecasts that capital markets would improve, but that had not occurred in recent months. The company said in the first nine months of 2008 it had seen writedowns of 466 million euros ($615 million)...
Tags: hurrican, weather, Lloyd's of London
Lloyd's of London faces a £1.3bn bill to cover some of the damage caused by hurricanes Gustav and Ike this summer. Lloyd's said the total damage caused by the two hurricanes, which struck the US in quick succession last month in one of the most damaging...
Tags: Hurricanes Gustav, Lloyd's of London, Lloyds, Catlin Group
Building and property Downturn to delay London skyscraper Thursday, 14 August 2008 12:21 The value of British Land's multi-billion pound property portfolio slipped 5% in the three months to the end of June. Britain's second-largest property investment...
Tags: Lloyd's of London, london skyscraper, portfolio slip, property portfolio, Stephen Hester
In a new report titled "Insuring Repression", the Burma Campaign UK urges global insurance companies, including Lloyd's of London and Japan's Tokio Marine, to pledge to stop underwriting policies issued by state-owned Myanma Insurance, the monopoly provider...
Tags: Burma Campaign UK, insurers companies, Johnny Chatterton, Lloyd's of London, Sompo Japan, Burmese, Myanma Insurance Company, myanma insurers