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December 2003/2

  • Imitation is the sincerest form of flattery, or so we are told, but is this the reason Kiln is considering a revamp of their 2004 annual report design? According to Snide's sources, Kiln has commissioned "design consultants" to come up with ideas for...
  • Benfield is likely to report lower than expected results because of the weak US dollar, according to the broker's latest trading update.
  • Inhabitants of the Caribbean and the US East Coast should expect another active Atlantic hurricane season next year, weather experts have warned.
  • Those inclined to a "half full" interpretation of the global insurance industry were encouraged this month by two relatively upbeat reports.
  • Energy reinsurance dispute in High Court as reinsurers seek to avoid $90mn+ of losses
  • There was more courtroom drama this month with a mammoth case management conference for the forthcoming film finance litigation.
  • As downgrades continue to hit insurers blighted by adverse prior year development, one member of a shrinking club of highly rated US insurers enjoyed an upbeat November as it unveiled record third quarter results and announced its investment in Lloyd's pr
  • French reinsurer SCOR looks to have struggled through a difficult month as it put another set of poor results to one side to win shareholder support for a €750mn rights issue, cautious backing from rating agencies, and a return to the security lists of le
  • Exits and contractions outweighed by start-ups and syndicate growth
  • HLF Group has become embroiled in a controversy over undisclosed commission payments relating to a contract with the Australian Federal Government.
  • Bermudian based White Mountains Insurance Group Ltd agreed to buy Swedish (re)insurer Sirius Insurance earlier this month, as first revealed in The Insurance Insider's 10 November edition of its sister publication Insider Week.
  • Industry financier Sir Laurie Magnus has warned that the London market is in danger of being overtaken by US and Bermudian insurers unless it works to improve its claims processes and standards of professionalism.