Company Example A

Allianz blames WTC business interruption

German insurer Allianz blamed increasing business interruption claims as it increased its estimated net exposures to the WTC attacks.

01 November 2001

Lloyd's bolsters central fund

Premium levy increase for 2002 designed to increase fund to $1bn, but Lloyd's deny link to possible syndicate failures Lloyd's has responded swiftly to its downgrade by AM Best to A-, by announcing that its increasing the premium levies on all syndicat

01 October 2001

The Search for Capital

While Bermuda attracts $8bn of fresh capital post 11 September, investors are less confident about backing the Lloyd's market While Bermuda basks in almost $8bn of new, post 11 September capital, Lloyd's insurers are scrambling around to ensure they ca

01 November 2001

London Technology - A year of turmoil, but positive or negative?

Roger Foord has mixed views on the current changes... The Lloyd's and London insurance market has in the past twelve months suddenly developed a 'latent wake up call' to the point of serious self criticism as even the chairman of Lloyd's has felt compe

01 September 2001

That's Life

Term life syndicates face additional hurdles, despite personal accident and contingency syndicates writing conceptually similar business.With only one life syndicate open to external members, perhaps its time for a rethink says Laptop.

01 July 2001

HIH (UK) problems known in 1996

Credit Suisse bailed out after commissioning highly critical reports of the management and underwriting of HIH’s London operations five years before it collapsed HIH's London operations were mismanaged with business written “without appropriate infras

01 July 2001

Insider Shorts

Chatset Directory Lloyd’s analysts Chatset have launched a new edition of their Lloyd’s and London Market Directory.

01 July 2001

Willis joins Stirling Cooke Brown in "Unicover writ"

Potential ‘spiral’ exposures force Willis to join SCB in fighting Odyssey Re's claims Recently floated broker Willis has made a late application to join Stirling Cooke Brown in fighting allegations that the broker deliberately conspired to place under

01 July 2001

PA: Lloyd's loses $1bn a year

Gross results demonstrate sectors dependence on cheap reinsurance, and highlight concerns over expected recovery in the light of continuing stiff competition. Personal Accident: "An insurance policy which, in return for regular premiums, pays a specif

01 June 2001

Inside News

R&SA and Heath’s sued over $160mn film finance dispute US entertainment company Artisan Entertainment is suing R&SA and insurance broker Heath Insurance Broking Ltd for fraud and deceit over a complicated $160 mn insurance backed financing deal.

01 June 2001

Company Example A

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