Company Example A

Hannover's Clarendon 'Hangover'

Tax reform bolsters results but disappointment with Clarendon acquisition gives weight to the Cassandras. Hannover Re, the world’s fifth largest reinsurer, expects gross premium income to grow by 25 percent for 2000 to some €8.4bn. However, pre-tax inc

01 March 2001

Contingency market disarray

The London contingency market, which routinely attracts publicity for covering outlandish risks such as prize indemnity and sporting non-events, has itself been washed out by that double whammy of too many claims and too much capacity. The latest departur

01 March 2001

Clubbed to Death? - February’s Marine Diary - By Bevis Marks

P&I Club Renewals Readers of The Insurance Insider will perhaps recall previous issues which tended to probe around the edges of the marine liability world, looking at fixed premium market outfits which were looking to do more in this traditional world.

01 February 2001

Lloyd's stocks improve warily

Valuations improve but insurers remain nervous of equity issue While the quoted Lloyd’s insurers have begun to claw back their valuations which were devastated by the 11 September attacks, their reluctance to raise funds via equity issues reflects the

01 November 2001

Why Aneco is flawed

The recent Aneco judgement increases brokers' liabilities in the event of negligent advice. Tim Brentall of Elborne Mitchell argues the decision is flawed. There was once a successful barrister who would occasionally advise his clients thus: “I have re

01 November 2001

Carve-out regulation fails to exclude "Unicover"

Workers' Compensation carveout reinsurance, for 20 years a maverick off-shoot of one the US’s most regulated insurance classes, has at last become the focus of attention by the National Association of Insurance Commissioners (NAIC). A white paper recently

01 November 2001

NY aircrash led by global aerospace

The London market consortium Global Aerospace Underwriting Managers is believed to have led the coverage on the American Airlines plane that crashed into New York on the 13 November.

01 November 2001

Concern over XL Capital's Lloyd's operations

Following its rival ACE, XL Capital announced plans to raise over $600mn through the sale of 7mn ordinary shares in the light of the improving rating environment.

01 November 2001

Carpenter leads Alleghany buy-out

Michael Carpenter, the former Managing Director of Limit, has led a buy-out of struggling Lloyd's insurer Alleghany Underwriting Ltd, in a deal struck by former Equitas architect Heidi Hutter. The buy-out, which ends Alleghany Corporation's involvement wi

01 November 2001

WTC litigation mushrooms

The gloves are off as WTC insurers argue the attacks were one event and Silverstein acts to prevent ACE and XL Capital from pursuing a London arbitration The anticipated frenzy of litigation took at step closer to reality after Silverstein, the leaseho

01 November 2001

Company Example A

Company type

Miscellaneous

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