April 2008/1

A leading market figure is calling on Lloyd’s and the UK Government to tackle the Corporation’s complicated capital structure by further amending legislation governing the marketplace.

Prior-year reserve releases and healthy unearned premium balances were a dominant theme of the reporting season for Lloyd's-listed vehicles.

French bank Société Générale has vowed to mount a "vigorous defence" against a class action lawsuit accusing it of misleading investors and failing to clamp down on the EUR4.9bn "rogue trader" fraud.

Insider Comment

In the second part of our special report on broker commissions and transparency, we turn our attention to UK insurers...