December 2004/2

The Office of Fair Trading (OFT) has announced that it will continue to review and monitor the UK liability market to ensure it continues to function without the difficulties encountered in 2003.

Lloyd’s broker Cooper Gay has wasted little time in responding to the opportunities presented by Spitzer’s charge on the industry’s practices as it announced a new division to “formally recognise the continuing separation of global insurance placement int

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

Weeks after the New York attorney general Eliot Spitzer criticised brokers’ strategic ties to (re)insurers, Aon revealed that it sold almost its entire holding in the Bermudian headquartered Endurance Specialty Holdings Ltd.

Heritage Underwriting Agency plc, one of the select band of insurers formed by a Lloyd’s members’ agency, will own 50 percent of its own capacity next year following a successful equity/debt fund raising.

Specialist Lloyd’s liability insurer, Illium syndicate 4040 is set to launch a dedicated underwriting operation in the North of England.