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  • WTC: Insurers optimism grows
    Silverstein appeals pro-insurer decision but Judge hints at sympathy for WTC carriers The (re)insurers exposed to the WTC programme reacted with relief to US District Judge Martin’s decision that an R&SA subsidiary, the Hartford and St Paul cannot be s
    01 October 2002
  • Names may sue UK Government
    The UK Government may be sued by embittered Lloyd's Names, following a European Parliament report that condemned the Government for its failure to regulate the Lloyd's market.
    01 October 2002
  • Dawson steps down as Cox CEO
    As widely predicted, Cox Insurance Holding’s Michael Dawson succumbed to shareholder pressure and stepped down as the Group’s chief executive. Dawson’s demise was the price for Cox’s dismal losses which saw the insurer approach Lloyd’s for a controversial
    01 October 2002
  • Syndicates exposed
    It goes against the Lloyd’s ethos of “one market”, but Standard & Poor’s assessments provide a new way to rank syndicates Lloyd's doesn't necessarily approve, but its customers are increasingly focusing on the syndicates they do business with rather th
    01 October 2002
  • Aon's Charman legacy
    Neil Strong joins Willis after a hellish summer defending Aon’s practices in placing John Charman’s whole account reinsurance programme
    01 October 2002
  • Murphy leaves Abacus to join Brit
    John Murphy, the underwriter of Abacus’ Syndicate 2525, is to form a new operation with rival managing agency Brit.
    01 October 2002
  • Lloyd's Syndicate 2000 and 2001 forecast results
    Estimates for the forecast results of Lloyd’s syndicates in the 10th quarter of the 2000 underwriting year have shown few significant deviations from expected results. Only 12 out of 130 results have shown any increase over estimates on the 9th quarter, b
    01 October 2002
  • In the Limelight - Snide casts his caustic eye over the market
    Good things come to he (or she) who waits There is an e-mail doing the rounds that purports to be a verbatim excerpt from the transcript of the cross examination of former HIH chief executive Ray Williams. Snide - being a persistent little fellow - sp
    01 September 2002
  • Allianz - $750m asbestos reserve increase follows profits warning
    Allianz, Europe's largest insurer, will inject $750mn into its US subsidiary Fireman’s Fund to cover asbestos-related claims, doubling its reserves to $1.51bn.
    01 September 2002
  • European insurers - failing to impress
    The share prices of European insurers are tumbling as investors get the jitters over a series of worsening results and balance sheet strengthening capital raising exercises.
    01 September 2002
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