Company Example A

Plain English

English can often be misleading, so we have rustled up a guide to aid understanding to the minefiled of Lloyd's business jargon. This month it's the opaque business desription:

01 December 2001

Lloyd's increases loss estimates to £1.9bn but claims minimal exposure to Fortress Re

As widely predicted, Lloyd's increased its estimated net exposures to the WTC attacks by forty-five percent from £1.3bn to £1.9bn. As a consequence, the market has increased its estimated losses for the 2000 year from £0.7bn to £1.49bn. And increased its

01 December 2001

Hannover Re hits out at Moody's after downgrade

Fresh from its dispute with Lloyd's, Moody's has been attacked by Hannover Re after downgrading the reinsurer from Aa3 to A2.

01 December 2001

Catlin plans $750m injection

Massive boost for Lloyd's, but Names can't benefit Stephen Catlin, the former dentist and chief executive of Catlin Underwriting Agencies Ltd, is negotiating a $750mn capital boost in Catlin Westgen Group Ltd, the holding company of Catlin Underwriting

01 December 2001

Inside Letters - Slayden Support

Gentlemen, I enjoy your publication and appreciate the general quality and forthrightness of the editorial; very refreshing and often enlightening. I regret therefore that I must take you to task over a very short insert in your latest issue.

01 December 2001

Lloyd's to be given ultimatum

Overseas investors form new association to demand radical change in the market's structure and cost base which could see the demise of traditional Names Heavyweight Lloyd's insurers are demanding that the market radically restructure, giving rise to fe

01 December 2001

Plain English: Pecuniary Loss

English can often be misleading, so we have rustled up a guide to aid understanding to the minefield of Lloyd's business jargon. This month its the opaque business description “pecuniary loss”. Frustrated by being fed misinformation about the risks of

01 November 2001

Copenhagen Re's future uncertain after further downgrade

Copenhagen Re, (Cop Re) a popular source of non-marine reinsurance for Lloyd's Syndicates, has been the subject of another ratings action by Moody's. Following the 11 September attacks Cop Re announced net losses in the range of $20mn to $32mn.

01 November 2001

Aon terrorism rider causes $100m PA loss

According to market sources, Aon placed a business travel lineslip into the London market which, in addition to covering employees while on corporate travel, had a terrorism rider extending coverage to all employees victim of a terrorism attack. Aon origi

01 November 2001

Inside Letters

User Pays - Lloyd's responds Dear Sir, Thank you for the opportunity to respond to your article “User Pays Revisited” in the June issue of The Insurance Insider. I apologise for the delay in responding. However, this does enable me to set out MSU's 200

01 October 2001

Company Example A

Company type

Miscellaneous

Major offices

Officers