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  • Latest estimates show Lloyd’s loses £3.4bn in four year slump, 2000 forecasts show wide disparity in results The wanton destruction caused by the recent slump in market rates has forced Lloyd's to revise downwards its 1999 projections to a loss of £1.3
  • CNA's commitment to the London Market appears shaky as the loss struck Group puts its London reinsurer up for sale and relocates centre of expertise to Zurich CNA Re's restructuring and proposed sale of London Market subsidiary CNA Reinsurance Company
  • (A B & perhaps C rated) BF Caudle Syndicate 2(Upton) Growing in popularity now that Advent/BF Caudle have acquired the Kingsmead Agency.The XOL orientation of the account leads recovery of the marine sector; and the Syndicate has consistently outperfo
  • Insurers hit by D&O losses in wake of shareholder class-actions over collapsed stock prices History, they say, always repeats itself. Ian Youngman, in his 1999 book Directors and Officers Liability Insurance, observed that the first US D&O policies wer
  • To avoid over-writing and the shortage of reinsurance, syndicates are buying in-house quota share cover and planning capacity expansions for 2002. But what impact will these have on the 2001 capacity auctions?
  • Term life syndicates face additional hurdles, despite personal accident and contingency syndicates writing conceptually similar business.With only one life syndicate open to external members, perhaps its time for a rethink says Laptop.
  • Chatset Directory Lloyd’s analysts Chatset have launched a new edition of their Lloyd’s and London Market Directory.
  • Market optimistic over recovery as capacity shrinks London Market liability rates have soared in the light of the capacity crunch caused by the withdrawal of a host of carriers. The collapse of specialist casualty insurers such as Independent and HIH,
  • 2 January Independent begins the year ostensibly in good cheer. The stock price sat at a record high at 401.5p, valuing the company at almost £1bn and Michael Bright's 6.18% stake at around £60m. But not all was well. In 2000 some of Independent’s rein
  • $600mn Goldman Sachs deal postponed AIG’s denial of liability on $183mn of Flashpoint bonds - which has ignited a war of words between investors, investment bank Credit Suisse First Boston and the world’s largest insurance company - could backfire.