Markets/Coverages News

CITIGROUP CUTS MORE JOBS

In addition to the previously announced layoffs of 1,200 employees, Citigroup Inc. announced it would let go another 3,000 workers...

X.L. AMERICA LAUNCHES NEW UNIT

X.L. America Inc. is consolidating the management of its U.S. specialty insurance programs under one newly formed business unit, XL...

Lloyd’s Confirms Loss Figures

Lloyd’s of London yesterday confirmed previously published reports that it would have losses exceeding $3 billion for the years 1998-99...

Swiss Re Study Sees Strong Growth in Asia

The latest “sigma” report from Swiss Re, “Insurance markets in Asia: sanguine outlook despite short-term uncertainties,” outlines current and future...