Claims & Losses
Claims & Losses
News, insights and thought leadership for re/insurance professionals with an interest in claims and losses.

Westford refutes insurer’s claim it misled financiers over Phoenix trades - Global Trade Review

Westford Trade Services has fiercely hit back at allegations it misled potential financiers by manipulating its exposure to since-collapsed trader Phoenix Commodities.
Westford Trade Services has fiercely hit back at allegations it misled potential financiers by manipulating its exposure to since-collapsed trader Phoenix Commodities.
gtreview.com / Article / 3 months ago

Oakland Diocese Creditors Want Insurer Discovery In Ch. 11 - Law360

The unsecured creditors in the bankruptcy of the Roman Catholic Diocese of Oakland, California, are asking a California bankruptcy judge for permission to subpoena the diocese's insurers for information on their ability
The unsecured creditors in the bankruptcy of the Roman Catholic Diocese of Oakland, California, are asking a California bankruptcy judge for permission to subpoena the diocese's insurers for information on their ability
law360.com / Article / 6 months ago

Boy Scouts insurers seek to delay $2.5 bln abuse deal, bankruptcy exit - Reuters

A group of Boy Scouts' insurers on Friday asked a judge to delay the youth group's exit from bankruptcy to allow them more time to appeal a record-setting $2.46 billion settlement of sexual abuse claims.
A group of Boy Scouts' insurers on Friday asked a judge to delay the youth group's exit from bankruptcy to allow them more time to appeal a record-setting $2.46 billion settlement of sexual abuse claims.
reuters.com / Article / 1 year ago

Spanish insurer Mapfre holds $22 mln worth of Silicon Valley Bank, Credit Suisse debt - Reuters

Spanish insurer Mapfre said on Wednesday it has parked the equivalent of $22 million in debt issued by beleaguered banks Silicon Valley Bank and Credit Suisse, a fraction of its 41 billion euros funds...
Spanish insurer Mapfre said on Wednesday it has parked the equivalent of $22 million in debt issued by beleaguered banks Silicon Valley Bank and Credit Suisse, a fraction of its 41 billion euros funds...
reuters.com / Article / 1 year ago

Insurer in Full: The SVB tremors will still be felt despite the bail-out

Keen industry historians will recall SVB as the nearly bust Lloyd’s insurer that was pulled back from the abyss 20 years ago under a new management team led by Matthew Fosh...
Keen industry historians will recall SVB as the nearly bust Lloyd’s insurer that was pulled back from the abyss 20 years ago under a new management team led by Matthew Fosh...
Article / 1 year ago

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