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  • Michael Carpenter, the former Managing Director of Limit, has led a buy-out of struggling Lloyd's insurer Alleghany Underwriting Ltd, in a deal struck by former Equitas architect Heidi Hutter. The buy-out, which ends Alleghany Corporation's involvement wi
  • According to a Lloyd's regulatory bulletin, the former chairman of broker Bannerman Slayden Cater Ltd Vincent Slayden was found guilty in absentia of “two charges of discreditable conduct” by a Lloyd's disciplinary tribunal after “failing to serve a defen
  • Faraday The professionalism at Faraday - the new “London Market” brand for General & Cologne Re and its Lloyd's operation DP Mann - has much to admire. Once the initial shock of the events of 11 September had subsided, most people in the industry alter
  • Every summer, four competing publications produce what they claim are the definitive guides on Lloyd’s syndicates’ performances. These guides - produced by the Association of Lloyd’s members, in association with AM Best; Chatset; Thomson and Moody’s -
  • Premium levy increase for 2002 designed to increase fund to $1bn, but Lloyd's deny link to possible syndicate failures Lloyd's has responded swiftly to its downgrade by AM Best to A-, by announcing that its increasing the premium levies on all syndicat
  • User Pays - Lloyd's responds Dear Sir, Thank you for the opportunity to respond to your article “User Pays Revisited” in the June issue of The Insurance Insider. I apologise for the delay in responding. However, this does enable me to set out MSU's 200
  • Pressure to reveal gross losses builds as fears over reinsurance failure take hold in the London market In Hemingway's “The Sun Also Rises” the following exchange takes place: “How did you go bankrupt?” Bill asked. “Two ways,” Mike said. “Gradually and
  • In the weeks that followed the USA attacks The Insurance Insider published a daily e-mail update of events and information as they unfolded - an edited version follows......
  • Roger Foord has mixed views on the current changes... The Lloyd's and London insurance market has in the past twelve months suddenly developed a 'latent wake up call' to the point of serious self criticism as even the chairman of Lloyd's has felt compe
  • Three executives of Merrion Re, the Dublin based reinsurer, have been charged by the Serious Fraud Office with conspiracy to defraud. The charges leveled against managing director David Thomas, former managing director Leslie Hurling and David da Costa