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  • Litigation claims multiply
    Zurich deny cover on WTC shopping mall Zurich are denying they insured the WTC shoping mall after the leaseholder Westfield America Inc claimed for losses arising from the 11 September attacks.
    01 December 2001
  • GoshawK wings to Bermuda
    Lloyd's insurer Goshawk is doubling its size and establishing a £100mn capitalised Bermudian reinsurer Goshawk Re to exploit the post 11 September market.
    01 December 2001
  • Property XOL and aviation syndicates deteriorate rapidly
    Unsurprisingly, syndicates specialising in aviation and property excess of loss have demonstrated the worst deterioration in forecasted results since the 11 September attacks, according to research by Leadenhall Insurance Consultants.
    01 December 2001
  • Plain English
    English can often be misleading, so we have rustled up a guide to aid understanding to the minefiled of Lloyd's business jargon. This month it's the opaque business desription:
    01 December 2001
  • Lloyd's capital base takes shape
    As corporates reinforce their dominance of the capital base, the number of syndicates falls below 100 with Names facing a realistic chioce of twenty The Lloyd's market for 2002 is beginning to take shape. Some managing agents have taken advantage of th
    01 December 2001
  • Equitas: Asbestos claims continue to rise
    Equitas are still facing a rising tide in asbestos claims according to their results for the first six months of 2001.
    01 December 2001
  • Enron: Insurance exposed after financial guarantees
    Speculation is mounting over the insurance industry's exposures to Enron - the giant US energy group that filed for bankruptcy protection last week. While initial fears concentrated on possible D&O and professional indemnity losses, concerns are rising ov
    01 December 2001
  • Chairman & ACE settle at the "courthouse door"
    A week after Axis Specialty confirmed it had raised $1.6bn and will begin underwriting from its Bermuda base in December, its chief executive John Charman and his former employers ACE have settled their dispute over Charman’s termination agreement.
    01 December 2001
  • Copenahagen Re ceases
    Long term London market player, Copenhagen Re (Cop Re), the reinsurance subsidiary of Danish insurance group Alm Brand, has become the first major provider of Lloyd's syndicate reinsurance to succumb to the losses of the 11 September World Trade Centre at
    01 December 2001
  • CNA announces third quarter net loss
    CNA Financial Corporation has reported a third quarter net loss of $155mn. The group's net loss in the current quarter is due primarily to an estimated loss of $304mn after-tax ($468mn pretax), net of reinsurance, from the 11 September attacks and related
    01 November 2001
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