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  • Benfield confirms London IPO
    Speculation over location of IPO ends with the surprise choice of London Benfield, one of the London market's leading brokers, surprised observers at the end of last month by revealing it was to choose London over New York for the location of its long
    01 December 2002
  • Greenwich 994's future rests on last minute funding deal
    Managing agency under pressure - Lloyd’s grant stay of execution as funding deadline extended The Lloyd's insurer Greenwich Insurance Holdings PLC, and its Syndicate 994, may close unless a last minute funding deal can be arranged that will provide th
    01 December 2002
  • Lloyd's private capital increases for 2003
    For the first time in over a decade, private capital has increased its underwriting participation at Lloyd's - over-turning a trend which a few years ago appeared terminal.
    01 December 2002
  • Workers' compensation lineslip throws syndicate forecasts
    Late ‘Unicover’ style loss development on workers compensation carve-out lineslip causes Lloyd’s syndicates to miss SQR cut-off Lloyd's underwriters are blaming unexpected deterioration on the LDG 10 workers' compensation (WC) carve-out lineslip for c
    01 December 2002
  • Swiss Re opposes Silverstein appeal
    The WTC dispute ignites again as Swiss Re strives to prevent Silverstein from appealing pro-insurer decision In a strongly worded response to Silverstein's attempts to appeal the New York Court's decision to deny summary judgment against Travelers Ind
    01 December 2002
  • Fitch: Lloyd's capacity to swell to £14bn
    Expectations of 2002 year profits for Lloyd's, after several disastrous years, could push the market’s capacity over £14bn for 2003, according to ratings agency Fitch. Karen Sinden, an analyst with Leadenhall Insurance Consultants, sees this as a reali
    01 December 2002
  • In the Limelight - After a month off Snide returns with a vengeance to cast his caustic eye over the market
    The importance of being Benfield When Lord Levene addressed the Lloyd's Council meeting in early November - his first as the new chairman of the Society - he made a curious remark. While thanking the reinsurance brokers Benfield for their kindness and for
    01 December 2002
  • Marsh settles on $70mn Aon 77 Equivalent
    The lead story in last month's Insider focused on Aon 77, the disastrous energy lineslip placed by Aon to devastating effect in the London market. The lineslip participants - which include the Cotesworth Syndicates 535 and 228, together with 62, 187 and 1
    01 December 2002
  • Glenrand Ltd in management buy-out
    The UK broking operations of South African insurance group Glenrand MIB are to be bought-out by its UK management, led by chairman Andrew Wallas and chief executive Mark Pattle.
    01 December 2002
  • GAUM changes hands - as Buffett 'takes control' of aviation market
    Berkshire Hathaway stake in GAUM confirmed, but joined in ownership by Munich Re and Converium AG In a move that seals his grip on the international aviation insurance sector Warren Buffett has taken a 40 percent stake in leading aviation insurer Glob
    01 December 2002
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