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  • Litigation claims multiply
    Zurich deny cover on WTC shopping mall Zurich are denying they insured the WTC shoping mall after the leaseholder Westfield America Inc claimed for losses arising from the 11 September attacks.
    01 December 2001
  • Hannover Re hits out at Moody's after downgrade
    Fresh from its dispute with Lloyd's, Moody's has been attacked by Hannover Re after downgrading the reinsurer from Aa3 to A2.
    01 December 2001
  • Inside Letters - Slayden Support
    Gentlemen, I enjoy your publication and appreciate the general quality and forthrightness of the editorial; very refreshing and often enlightening. I regret therefore that I must take you to task over a very short insert in your latest issue.
    01 December 2001
  • Lloyd's capital base takes shape
    As corporates reinforce their dominance of the capital base, the number of syndicates falls below 100 with Names facing a realistic chioce of twenty The Lloyd's market for 2002 is beginning to take shape. Some managing agents have taken advantage of th
    01 December 2001
  • Copenahagen Re ceases
    Long term London market player, Copenhagen Re (Cop Re), the reinsurance subsidiary of Danish insurance group Alm Brand, has become the first major provider of Lloyd's syndicate reinsurance to succumb to the losses of the 11 September World Trade Centre at
    01 December 2001
  • Equitas: Asbestos claims continue to rise
    Equitas are still facing a rising tide in asbestos claims according to their results for the first six months of 2001.
    01 December 2001
  • Enron: Insurance exposed after financial guarantees
    Speculation is mounting over the insurance industry's exposures to Enron - the giant US energy group that filed for bankruptcy protection last week. While initial fears concentrated on possible D&O and professional indemnity losses, concerns are rising ov
    01 December 2001
  • Chairman & ACE settle at the "courthouse door"
    A week after Axis Specialty confirmed it had raised $1.6bn and will begin underwriting from its Bermuda base in December, its chief executive John Charman and his former employers ACE have settled their dispute over Charman’s termination agreement.
    01 December 2001
  • CNA announces third quarter net loss
    CNA Financial Corporation has reported a third quarter net loss of $155mn. The group's net loss in the current quarter is due primarily to an estimated loss of $304mn after-tax ($468mn pretax), net of reinsurance, from the 11 September attacks and related
    01 November 2001
  • Why Aneco is flawed
    The recent Aneco judgement increases brokers' liabilities in the event of negligent advice. Tim Brentall of Elborne Mitchell argues the decision is flawed. There was once a successful barrister who would occasionally advise his clients thus: “I have re
    01 November 2001
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