December 2004/1

Merrett plc, the eponymous holding company founded by former Lloyd's deputy chairman Stephen Merrett, has gone into liquidation ten years after the group stopped underwriting, The Insurance Insider can reveal. The company, which had essentially been op

Broker Aon has stated the potential impact of a mammoth round of energy litigation currently underway in the Royal Courts of Justice. As reported in the March edition of The Insurance Insider, the case was brought by oil giant BP against Swiss Re, AIG,

In our regular monthly News Digest, we round up key stories from the last month, presenting them to you in easily digestable snippets.

In our regular monthly News Digest, we round up key stories from the last month, presenting them to you in easily digestable snippets.

Despite concerns that downwards pricing pressure is building in many property catastrophe lines, cash-rich hedge funds are increasingly drawn to the perceived high reward reinsurance sector. In addition to providing private equity capital to back star

Benfield-advised European reinsurer Glacier Re set to launch next year The legendary investor George Soros is backing a new $300mn European reinsurer that will target specialist lines in areas such as aviation and marine, The Insurance Insider can reve

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

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

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

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