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  • Hopes not dead for asbestos trust
    Reports from the US suggest that hopes for meaningful reform to the asbestos litigation system may be alive and kicking, with a new bill based on proposals tabled last year to be put to the floor on 19 April.
    29 March 2004
  • Omega 2001 profits boost
    Independent Lloyd’s insurer Omega Underwriting Holdings Ltd revealed last week that it made a 6.2 percent profit on capacity in the loss ravaged 2001 underwriting year.
    29 March 2004
  • Beazley’s growth built on higher premiums and benign loss environment
    Lloyd’s insurer Beazley has announced 2003 results in line with analysts’ forecasts.
    29 March 2004
  • Catlin toils to hit IPO target
    Lloyd’s insurer Catlin refused to comment today on speculation that its impending 1 April flotation may value the company below its initial pricing estimates.
    29 March 2004
  • TT Club seeks ratings upgrade
    Transport and logistics mutual TT Club harbours hopes of regaining its A- rating after reporting strong 2003 results and a positive trading outlook last Wednesday (25 March).
    29 March 2004
  • High Court approves Stockholm Re portfolio transfer
    In a judgment handed down on 22 March 2004, London's High Court has approved the transfer of Stockholm Re's UK portfolio to Swedish firm Wasa International Insurance.
    29 March 2004
  • Lloyd’s named in slave trade writ
    Lloyd’s is being sued for allegedly underwriting ships used in the slave trade, it emerged today.
    29 March 2004
  • SVB optimistic as legacy load lightens
    Lloyd’s insurer SVB continued its upbeat recovery message last Wednesday (24 March) as it reported 2003 pre-tax profits of £17.8mn, or 3.8p a share, up from £10.1mn in 2002.
    29 March 2004
  • Hardy doubles profits and looks to strong future
    Helicopter specialist Hardy Underwriting unveiled strong 2003 results last Wednesday (25 March), more than doubling pre-tax profits from £6.66mn to £14.35mn in the process.
    29 March 2004
  • Swiss Re shows strength
    Strong p/c performance could see Munich Re overtaken
    29 March 2004
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