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  • Glenrand Ltd in management buy-out
    The UK broking operations of South African insurance group Glenrand MIB are to be bought-out by its UK management, led by chairman Andrew Wallas and chief executive Mark Pattle.
    01 December 2002
  • GAUM changes hands - as Buffett 'takes control' of aviation market
    Berkshire Hathaway stake in GAUM confirmed, but joined in ownership by Munich Re and Converium AG In a move that seals his grip on the international aviation insurance sector Warren Buffett has taken a 40 percent stake in leading aviation insurer Glob
    01 December 2002
  • Lloyd's targets Marsh after Newmarket collapse
    Bitter fight rages over losses but Marsh backed Danish Re’s future is more certain Danish Re is set to announce that it's the latest insurer to benefit from Berkshire Hathaway support.
    01 December 2002
  • BMS win fight over discreditable conduct charge
    Ballantyne McKean & Sullivan has put up a tough fight to successfully rebut Lloyd's charges of discreditable conduct in relation to the administration of a South African account.
    01 December 2002
  • Catlin stuns Names with late loss
    Catlin Underwriting Agencies Ltd has stunned Names on its flagship Lloyd’s Syndicate 1003 by revealing that the 2000 year will be a loss of between 7.5 and 12.5 percent after consistently forecasting a profit all year.
    01 December 2002
  • Hardy takes 13% stake in Atrium
    Hardy Underwriting Group (HUG) has acquired a 13.3 percent share in fellow Lloyd's listed vehicle Atrium Underwriting. HUG paid £4.85mn cash for 6.47mn ordinary Atrium shares.
    01 November 2002
  • Berkshire: New support for Trenwick at Lloyd's
    The future of Trenwick's Lloyd's operations was given a boost by the news that Berkshire Hathaway will increase its support for the 2003 year.
    01 November 2002
  • HLF changes year-end to assist 2003 float
    Heath Lambert Fenchurch has sent the strongest signal yet that it plans to return to the public markets next year after its pulled summer IPO by changing its financial year-end. The world's 7th largest broker is changing its year-end from 31 March to come
    01 November 2002
  • Bermudian optimism maintained
    In contrast to many of the stretched European (re)insurers, the Bermudian carriers are benefiting from the ripe conditions as they expand their international profiles
    01 November 2002
  • MRM offers $100mn to settle legion claims
    Allegations in a lawsuit filed against Mutual Risk Management suggest it has offered $100mn to the Pennsylvania Insurance Department for the settlement of all claims relating to its defunct subsidiary Legion Insurance.
    01 November 2002
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