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  • Laddering threat comes closer to reality
    But insurers exposed to the black hole of so-called "laddering" claims, are taking different estimates on the scale of the industry's potential exposure... The potential black hole of laddering liabilities came closer to reality this month when a US c
    01 February 2003
  • Insider Shorts - UBS Warburg bullish on reinsurance rates
    As we approach the heart of the European reporting season, UBS Warburg has warned that investors will have to wait another year before reinsurers' results properly reflect the improved rating environment.
    01 February 2003
  • Catlin wins fight in Club renewal
    Fierce inter-syndicate competition sees Catlin capture flagship contract from LIMIT Perhaps it was destined to be that the year of its name would see Catlin’s Syndicate 2003 take the helm on Lloyd's biggest and most prestigious marine reinsurance cont
    01 February 2003
  • Heath's "warned" about film losses
    Following a key House of Lords' decision, London's loss struck film insurers are set to argue that Heath’s was aware its gap finance policies might make losses The controversial film finance policies, written by income hungry insurers in the mid to la
    01 February 2003
  • Travelers boosts asbestos reserves to £3.4bn
    This month’s announcement from Travelers Property Casualty met with a largely positive response from Wall Street, insurance analysts and ratings agencies.
    01 January 2003
  • Numis sanctioned by Lloyd's
    Specialist investment banking group Numis Securities has been removed from the Register of Sponsors of Lloyd's Capacity offers for two years following proceedings bought against it by the Society.
    01 January 2003
  • Greenwich to focus on marine reinsurance
    A few weeks after Lloyd’s approved a last-minute funding deal with the Caribbean Imagine Insurance Co. Ltd, Greenwich and their new investors have restructured Syndicate 994’s underwriting portfolio. As a consequence, a moratorium has been placed on a num
    01 January 2003
  • Syndicates expand to record size
    The Insider’s exclusive analysis shows that Lloyd’s insurers continue to grow as they chase 2003 profits Lloyd’s Syndicates have grown their 2003 capacity by an average of 43 percent each, according to figures obtained by The Insider. The growth of
    01 January 2003
  • Silverstein goes on the offensive
    The WTC litigation took another turn earlier this month. Silverstein Properties Inc, The Port Authority and Westfield have filed two new complaints alleging the original trial judge failed to take into account a “mountain of evidence” in an earlier ruling
    01 January 2003
  • Trenwick staves off disaster
    Trenwick, the Bermudian reinsurer, saved its vital Lloyd’s operations with a last-minute deal with its letter of credit providers. The Letter of Credit (LOC) was vital for Trenwick to secure its ability to underwrite in the Lloyd's market for the 2003
    01 January 2003
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