Company Example A

Canada Life takes knock on A&H exposures

Canada Life, one of the leading Canadian life insurers, has taken a provision of $70mn, net of tax, related to expected claims arising from the September 11 terror attacks. The company's gross exposure to Sept. 11 claims are estimated at $606mn. This prov

01 March 2002

State Farm rating on credit watch

Rating agency Standard and Poor's has placed the triple-A ratings of all State Farm operating entities on CreditWatch with negative implications.

01 March 2002

Insider Vital Insurance Statistics

If one was to produce a table of those Lloyd’s insurers “doing well” after the misery of the 11 September attacks and appalling drain of Lloyd’s losses it would be a short one, but Amlin would be up there along with the likes of Kiln and perhaps Hiscox.

01 March 2002

HIH subsidiary's LMX exposures

As the Royal Commission in Sydney Australia continues to take evidence in to the collapse of the 2nd largest domestic Australian insurance company HIH, The Insurance Insider can reveal that its subsidiary FAI was writing PA LMX business via a quota share

01 March 2002

Plain English

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

01 February 2002

ACE to reduce Lloyd's involvement

Bermudian insurer plans to reduce its Lloyd’s capacity by almost a third to £652mn. ACE, one of the largest capital providers in Lloyd’s, is considering reducing its 2003 capacity by almost £300mn to £652mn.

01 July 2002

Willis facing WTC backlash

Joe Plumeri’s arrival has coincided with the return of prosperous times. But the broker’s role in placing the WTC lineslip is an unwelcome cloud on the horizon In May Willis' majority owner, the US private equity firm KKR, took advantage of the broker

01 June 2002

E&O insurers get tough with HLF

Soon-to-be floated broker admits errors and omissions exposures are “unsustainable” after its insurers demand a leap in rates and conditions Investors in HLF, which is due to float on the London Stock Exchange this summer, will be backing a company tha

01 June 2002

WorldCom borker Marsh gets liability blues

Marsh, the world's largest insurance broker, has been sensationally dumped by Aetna on placing its own liability cover.

01 June 2002

Lloyd's appoint new Chairman

Lloyd's have confirmed the appointment of Lord Levene of Portsoken as the long-awaited successor to the chairmanship of Lloyd's.

01 June 2002

Company Example A

Company type

Miscellaneous

Major offices

Officers