December 2001/1

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

A Tidal Wave of Capital - David Schiff pours on the cold water The capital markets are efficient - in an irrational way. Capital flows towards opportunities that offer superior returns. Paradoxically, those superior returns can fail to materialise if t

Reinsurance is back in favour and, with generous subsides, Zurich's unwanted R/I division should enjoy a successful floatation. For sale. One reinsurance company no longer wanted by owner. Embarrassing exposures to Unicover after failed fronting arrang

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

The Munich Re subsidiary American Re has reported a net loss of $506.5mn for the third quarter of 2001.

Embattled Lloyd's insurer SVB are the latest carrier to increase their loss estimates to the 11 September attacks.

Wellington Underwriting plc has announced that the Group's managed syndicate 2020 plans to double its underwriting capacity to $1bn for 2002, and that the Group was examining the options available to raise the capital needed to support the growth of the b

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.

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

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

The impending collapse of the Japanese backed Fortress Re pool with over $2.3bn liabilities has increased fears of bad debt in the international aviation market Anybody “that writes airline business will be affected by this, some in a very big way. Hun

Heath's Humbling In the past year the pendulum of influence has swung away from the brokers, and back to the underwriters - hence insurers growing reluctance to renew volume commissions to the larger brokers and the old fashioned insistence that produc