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  • Lloyd's targets Marsh after Newmarket collapse
    Bitter fight rages over losses but Marsh backed Danish Re’s future is more certain Danish Re is set to announce that it's the latest insurer to benefit from Berkshire Hathaway support.
    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
  • BMS win fight over discreditable conduct charge
    Ballantyne McKean & Sullivan has put up a tough fight to successfully rebut Lloyd's charges of discreditable conduct in relation to the administration of a South African account.
    01 December 2002
  • Hardy takes 13% stake in Atrium
    Hardy Underwriting Group (HUG) has acquired a 13.3 percent share in fellow Lloyd's listed vehicle Atrium Underwriting. HUG paid £4.85mn cash for 6.47mn ordinary Atrium shares.
    01 November 2002
  • Berkshire: New support for Trenwick at Lloyd's
    The future of Trenwick's Lloyd's operations was given a boost by the news that Berkshire Hathaway will increase its support for the 2003 year.
    01 November 2002
  • HLF changes year-end to assist 2003 float
    Heath Lambert Fenchurch has sent the strongest signal yet that it plans to return to the public markets next year after its pulled summer IPO by changing its financial year-end. The world's 7th largest broker is changing its year-end from 31 March to come
    01 November 2002
  • Bermudian optimism maintained
    In contrast to many of the stretched European (re)insurers, the Bermudian carriers are benefiting from the ripe conditions as they expand their international profiles
    01 November 2002
  • MRM offers $100mn to settle legion claims
    Allegations in a lawsuit filed against Mutual Risk Management suggest it has offered $100mn to the Pennsylvania Insurance Department for the settlement of all claims relating to its defunct subsidiary Legion Insurance.
    01 November 2002
  • Arbitration at Lloyd's
    Laptop examines an under-used section of the Lloyd’s Act that could give capital providers redress against mismanagement and negligence
    01 November 2002
  • SEC probe into CIGNA following stock price fall
    Further woes for troubled insurer as SEC investigation follows class action suits CIGNA, the distressed US employee benefits giant currently defending class action suits over alleged violations of the Securities Exchange Act, is now being investigated
    01 November 2002
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