December 2002/1

For the first time in over a decade, private capital has increased its underwriting participation at Lloyd's - over-turning a trend which a few years ago appeared terminal.

The WTC dispute ignites again as Swiss Re strives to prevent Silverstein from appealing pro-insurer decision In a strongly worded response to Silverstein's attempts to appeal the New York Court's decision to deny summary judgment against Travelers Ind

GE’s Employers Re – unloved and up for sale “ERC does not fit GE’s business model” said General Electric chairman and chief executive Jeff Immelt on 21 November as he revealed its reinsurer would cost the company another $2bn.

Speculation is mounting that a small Lloyd's vehicle could be the next for expansion beyond the confines of Lloyd's. Reports suggest that Creechurch Underwriting, the integrated Lloyd's vehicle, has plans to expand out of the Lloyd’s market, including

The UK broking operations of South African insurance group Glenrand MIB are to be bought-out by its UK management, led by chairman Andrew Wallas and chief executive Mark Pattle.

Speculation over location of IPO ends with the surprise choice of London Benfield, one of the London market's leading brokers, surprised observers at the end of last month by revealing it was to choose London over New York for the location of its long

New Lloyd’s chairman demands council members put aside egos and differences Lord Levene of Portsoken, the first chairman of Lloyd's to come from outside the industry, has criticised the self interest and partisan nature of the Council, the Lloyd's mar

A potentially devastating black hole for satellite insurers over Boeing 702 losses Space insurers are facing a potential $1.6bn loss - the largest loss in the history of satellite cover - after six Boeing-built satellites were found to have a much sho

Reserve increase likely as Equitas' parsimony threatened after arbitration ruling Equitas, the Lloyd's run-off reinsurer, may have suffered a serious blow in its strategy of fighting off asbestos claims which it believes are unwarranted, leading to fe

Expectations of 2002 year profits for Lloyd's, after several disastrous years, could push the market’s capacity over £14bn for 2003, according to ratings agency Fitch. Karen Sinden, an analyst with Leadenhall Insurance Consultants, sees this as a reali

Insurers have claimed JP Morgan Chase “tricked, deceived and defrauded” them into underwriting approximately $2bn of finance deals with Enron, as the much-anticipated New York federal court trial finally got underway on 2 December.

The lead story in last month's Insider focused on Aon 77, the disastrous energy lineslip placed by Aon to devastating effect in the London market. The lineslip participants - which include the Cotesworth Syndicates 535 and 228, together with 62, 187 and 1