December 2004/1

As recently as 19 November, more than 60 percent of Lloyd's brokers by number, and up to 90 percent in terms of 2003 sales, had yet to receive final authorisation from UK regulator the Final Services Authority (FSA) ahead of its takeover of watchdog duti

But XL Syndicate 990 reveals stunning 40 percent loss deterioration On the face of it, Lloyd's latest release of the market's Syndicate Quarterly Returns (SQRs) reveals little change from the figures put out for the 10th quarter on the 2002 year of acc

Insurer-backed Willis plays aggressive independence card after winning Fortune Brands account Willis Group, the global insurance broker tipped by many to benefit from the Spitzer fall-out, has been aggressively marketing itself as a non-conflicted alte

Preliminary estimates show 7 percent fall in capacity, as aligned capital hits record levels Early estimates of Lloyd's market capacity for 2005 point to a drop of about 7 percent, as syndicates adjust to the changing cycle, and the Franchise Performa

World's second largest broker Aon has made public efforts this month to clear up comments attributed to outgoing CEO Pat Ryan that he was "not fazed" by the Spitzer and other investigations into the industry, and that he was "very comfortable" with the be

The irascible former England Football manager Terry "El Tel" Venables once described mixed feelings as watching your mother-in-law drive over a cliff in your new car, and it is a sentiment which MMC shareholders might have some empathy. Although there

Recently merged US insurance giant St Paul Travelers faces losses over and above the $252mn reserve it set aside for a surety exposure on the so-called "Big Dig" project, according to analysts at Lehman Brothers. In a note, equity analyst Chris Winans hi

The Insurance Insider has learnt that Brian Jackson, active underwriter on up-for-sale St Paul Syndicate 779, is in advanced negotiations for a deal that would see business novate to Lloyd's managing agency Jubilee.

The removal of Jardine Lloyd Thompson Group's chief executive Steve McGill following a profits warning on 26 November has again focused attention on the broker's US expansion strategy.

A year after the UK regulator Financial Services Authority issued a consumer warning against the dubious insurer Centennial Insurance Company - or CIC - the British Columbia Financial Institutions Commission ordered the company to stop doing business in t

Litigation epic bears bitter sweet fruit for leaseholder with potential $1bn gain The jury in the second round of WTC insurance litigation has delivered its verdict in favour of the building's leaseholder Larry Silverstein. The decision, which the j

The beleaguered broking giant MMC took further steps to improve its corporate governance rating last month by firing five senior executives from its board of directors last week.