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August 2000/1

  • Aegon Aegon’s chief executive Kees Storm has been busy quashing rumours that the company is about to join the bidding for US health insurer Aetna. ING is already talking to Aetna about buying its financial and international units but Allianz, Aegon, Am
  • Perhaps it’s a sign of the impending silly season, but talk is reverting to consolidation. Even the hard-pressed Lloyd’s vehicles are showing signs of life in the wake of QBE’s Limit purchase...
  • Time magazine changes its tune over the ‘Trial of the Century’, Russell English falls out with Trenwick and Bradstock gets cuddly with yet another potential buyer
  • Another ‘carve-out’ scandal unravels as CNA alleges mispresentation to rescind retrocessional contracts What is it about the accident and health market that keeps it in the headlines? With the Unicover workers compensation debacle still fresh in me
  • Lloyd’s faces criticism for the loadings placed on syndicates Fresh from the Council of Lloyd’s announcement that underwriting ratios are to be reduced by 5% to 40% for all fund providers, and the abolition of “other personal wealth” provisions in the
  • Lloyd’s Auction 2 saw a gentle pick up of average prices, but buyers are still more reluctant than in past years.
  • Concorde Air France The devastating crash of the Air France Concorde, flight AF4590, shortly after take off from Charles De Gaulle Airport looks set to generate large liability claims. Air France has already announced that it will pay an advance of FF1
  • The Lloyd’s chairmanship goes part-time, with Max Taylor stepping down Gone are the days when the prestige Chair of Lloyd’s could guarantee plenty of time to play golf with the chaps, and a nighthood for your troubles. By returning the role to a part-
  • With losses estimated as high as £2bn, London Market insurers and reinsurers are alleging fraud and misrepresentation. George Bernard Shaw once turned down Sam Goldwyn’s offer of script writing by saying: “The trouble, Mr Goldwyn, is that you are only
  • From Lloyd’s to the glamour of Bermuda, John Cackett has had a personally rewarding career. But his involvement in Lloyd’s PA spirals, the Unicover pools and the brewing ships crews fiasco, must mean his reign is close to an end. From fairly humble or
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