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  • Participants anxiously await verdict in mammoth Sphere Drake/SCB “arbitrage” trial "There is no way that I can reach a judgement that will not result in the finding of the gravest dishonesty against someone. But so be it." This chilling phrase was
  • Lloyd's Names are being asked to pay £75.00 to join an action group that will investigate the possibility of alleged mis-selling by Names' stop loss mutual Integer. The newly formed Stop Loss Recovery Group is canvassing Names who purchased stop loss i
  • At 8:23 p.m on February 3, when AIG announced that it would take a $2.8 billion pretax charge ($1.8 billion after tax) to boost loss reserves, investors' perception of the company was radically altered. AIG had been venerated for its rapidly growing, pred
  • AXIS Capital has joined the growing list of Bermudian operators seeking to list on the New York Stock Exchange.
  • 2002 will see profits at Lloyd’s return, perhaps as much as £1.5bn. Good news because in contrast 2000 will be another poor year when Lloyd’s unveils its official results later this month. Exclusive analysis from The Insider’s Laptop. It was a long tim
  • The Underwriter: too reserved When a chief executive leaves suddenly it’s often a sign of a deeper malaise or, at the very least, boardroom tensions. So Snide was relieved to be reassured by the PR man for The Underwriter that all is well at the liability
  • Insurers need to think more like brokers or derivative traders if they are to get away from the culture of underwriting losses, which has become engrained within significant parts of the industry. This was the message of US insurance analyst Alice Schr
  • The Insurance Insider can confirm that space insurers have received six claims for constructive total loss amounting to more than $1.6bn as a result of Boeing telecommunications satellites found to have a shorter than expected lifespan. As revealed in
  • Founder departs; but all is well, liability insurer insists The chief executive of the commercial liability insurer The Underwriter Insurance Company Ltd has parted company with the firm he helped form. Keith Rutter resigned from The Underwriter last
  • Pressure for comprehensive legal reform in the US has grown with the American Bar Association (ABA) voting to back asbestos limit caps and the asbestos reform bill was introduced in the US Senate. This after President Bush called for changes to medical ma