MGAs/MGUs [DEMO]

Insider Shorts

ZFS posts encouraging 1Qs Zurich Financial Services Group continued along its path of rehabilitation last week when posting first quarter net income of $114mn, against a comparable $6mn profit last year.

27 May 2003

Senator Hatch’s bipartisan plans

As widely expected and reported in issue 70 of Insider Week, Republican Senator Orrin Hatch introduced his much anticipated bipartisan bill last Thursday to establish a $108bn trust fund to provide compensation to asbestos victims. The Senator announced h

27 May 2003

Swiss Re study: Terror is insurable

As concrete barriers were erected around the Palace of Westminster last week, Swiss Re released a publication concluding that terrorism risks resulting in property and business interruption losses are insurable, even in the post-9/11 world.

27 May 2003

Lloyd’s pension deficit grows

Corporation accounts reveal growing shortfall and £19.9mn fees to support Project Blue Mountain

27 May 2003

GoshawK defeats Atletico Madrid pts 2.9bn relegation claim

Defiant London market contingency underwriters scored a victory last week in the UK High Court against claims by the insurer of Atletico Madrid, a Spanish football club, that it should be compensated for relegation.

27 May 2003

AlphaStar faces delisting

AlphaStar – the firm trying to rise from the ashes of Stirling Cook Brown (SCB) – has landed itself in hot water with Nasdaq for late filing violations.

27 May 2003

Royal on revival run with strong Q1 results

Royal & Sun Alliance (R&SA) moved further along the road to recovery last week as better than expected first quarter financials were greeted with a positive response by the markets. This comes just ten days after R&SA successfully floated off its rebrande

27 May 2003

Lloyd’s targets Continental growth

Lloyd’s plans to address its historically low exposure to the European P&C insurance markets, revealed the Society’s chairman Lord Levene last week.

27 May 2003

Senator Hatch's plan - will it pass trust test?

Ten days after Hartford trumped Travelers with a record $2.6bn asbestos reserve charge, moves to introduce meaningful legislation to curb asbestos lawsuits in the US gathered fresh pace. Republican Senator Orrin Hatch introduced a bipartisan bill in s

01 May 2003

Schroeder to focus on the Sage

Alice Schroeder, the US insurance analyst famous for dishing out buffetings on poor performing insurance companies, is to take a sabbatical from equity research to write a book on the investment guru, Warren Buffett. Despite the existing literature on

01 May 2003

GoshawK defeats Atletico Madrid pts 2.9bn relegation claim

Defiant London market contingency underwriters scored a victory in the UK High Court against claims by the insurer of Atletico Madrid, a Spanish football club, that it should be compensated for relegation. The Spanish side's fronting insurer Banco Vi

01 May 2003

FSA prudential regulation - pressures build on Lloyd's insurers

Gary Izatt of the Alphabet Group looks at the effect new FSA requirements will have on managing agencies and the Society of Lloyd’s The next few years will see fundamental change sweep through the Lloyd's community as the Financial Services Authority

01 May 2003