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  • AIG: American National a "disgrace"
    AIG has lashed out at one of its reinsurers in a strongly worded complaint filed in the US District Court of the Southern District of New York.
    01 March 2002
  • In the Limelight - Snide casts his caustic eye over the market...
    SCB's expensive Odyssey The so-called Odyssey Re “spiral” trial, where Sphere Drake alleges fraud against Stirling Cooke Brown, former officers Nick Brown and Jeff Butler, managing agency Euro International Underwriters and its principals John Whitcomb
    01 March 2002
  • Insider Vital Insurance Statistics
    If one was to produce a table of those Lloyd’s insurers “doing well” after the misery of the 11 September attacks and appalling drain of Lloyd’s losses it would be a short one, but Amlin would be up there along with the likes of Kiln and perhaps Hiscox.
    01 March 2002
  • QBE: A$1.53bn gross WTC loss
    The 11 September terrorist attacks pushed QBE, one of Australia's few surviving international insurance companies, into an A$25mn loss for the 2001 year.
    01 March 2002
  • MRM assisted by $100m sell-off
    Embattled programme and captive manager Mutual Risk Management Ltd has raised $100mn in its fight for survival. The Bermuda based company's share price has collapsed from $5.42 to stand at 96 cents (7 March) after first delaying its 2001 results "to compl
    01 March 2002
  • In the Limelight - Snide casts his caustic eye over the market...
    Stiff Competition Snide is mortified. Recently launched in direct competition to Snide's own Tearful Willows™ Inc (a Viatical insurance and funeral planning all-in-one service which is a subsidiary company of Cadaver-us Ltd, a Cayman Island corporation
    01 February 2002
  • D&O in the doldrums
    Fears rise that rate increases fail to account for laddering exposures and Enrontis Despite strong rate increases, concerns are growing that D&O and professional liability rates fail to reflect the potential barrage of claims facing the insurance indus
    01 February 2002
  • ACE and XL Capital settle with Silverstein
    Bermudian reinsurers XL Capital and Ace have settled their disputed property insurance claim with WTC leaseholder Silverstein Properties Inc. In a release Ace commented, "The settlement is based upon a single occurrence and therefore will comprise payment
    01 February 2002
  • Plain English
    English can often be misleading, so we rustled up a guide to aid understanding to the minefield of Lloyd's business jargon. This month it's the opaque business description:
    01 February 2002
  • Arbitrage on Trial
    Odyssey Re attacks the legitimacy of reinsurance arbitrage in its fight with embattled broker Stirling Cooke Brown Reinsurance arbitrage is on trial as Odyssey Re accuses parts of the London market of indulging in "shady low grade arbitrage business" d
    01 February 2002
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