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December 2003/2

  • 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
  • Marketform Acquisition Company Limited has attracted £15mn of equity finance from Caledonia Investments plc as it continues to capitalise on the strong rates for non-US medical malpractice and other specialty liability insurance.
  • Inhabitants of the Caribbean and the US East Coast should expect another active Atlantic hurricane season next year, weather experts have warned.
  • There was more courtroom drama this month with a mammoth case management conference for the forthcoming film finance litigation.
  • HLF Group has become embroiled in a controversy over undisclosed commission payments relating to a contract with the Australian Federal Government.
  • Swiss Re, the world's second largest reinsurer, will no longer write Lloyd's international casualty treaty business, The Insurance Insider can reveal.
  • Energy reinsurance dispute in High Court as reinsurers seek to avoid $90mn+ of losses
  • Benfield is likely to report lower than expected results because of the weak US dollar, according to the broker's latest trading update.
  • 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.
  • As the renewals season rolls on, the world's largest insurance broker Marsh has outlined its terms for placement service agreements (PSAs) - off slip payments from underwriters to brokers in return for a guaranteed proportion of business or profit.