December 2002/1

ESG Re, the Bermuda based Life, Accident and Health reinsurer, has seen its problems multiply after a disastrous fortnight that included another downgrade, the resignation of its auditors and a threatened de-listing from Nasdaq.

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.

Catlin Underwriting Agencies Ltd has stunned Names on its flagship Lloyd’s Syndicate 1003 by revealing that the 2000 year will be a loss of between 7.5 and 12.5 percent after consistently forecasting a profit all year.

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

Late ‘Unicover’ style loss development on workers compensation carve-out lineslip causes Lloyd’s syndicates to miss SQR cut-off Lloyd's underwriters are blaming unexpected deterioration on the LDG 10 workers' compensation (WC) carve-out lineslip for c

Ballantyne McKean & Sullivan has put up a tough fight to successfully rebut Lloyd's charges of discreditable conduct in relation to the administration of a South African account.

Bitter fight rages over losses but Marsh backed Danish Re’s future is more certain Danish Re is set to announce that it's the latest insurer to benefit from Berkshire Hathaway support.

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