MGAs/MGUs [DEMO]

Syndicates expand to record size

The Insider’s exclusive analysis shows that Lloyd’s insurers continue to grow as they chase 2003 profits Lloyd’s Syndicates have grown their 2003 capacity by an average of 43 percent each, according to figures obtained by The Insider. The growth of

01 January 2003

Investing syndicate assets

Syndicate performance evaluation often neglects the greatest resource for profit in the hands of syndicate managers, argues Laptop

01 January 2003

Sirius - bright prospects clouded

Unlike many of its peers, Sirius’ woes are not of its own making. Instead the Scandinavian insurer has been downgraded because of the sins of its parent, the struggling power and automation technology giant, ABB Group.

01 January 2003

Former HIH directors face prospect of criminal prosecutions

The scope of blame over HIH widened last week as lawyers for the Australian Royal Commission began their summing up into the insurer's collapse, outlining more than 1,000 alleged breaches of the law. Senior HIH executives face possible criminal charges

01 January 2003

Numis sanctioned by Lloyd's

Specialist investment banking group Numis Securities has been removed from the Register of Sponsors of Lloyd's Capacity offers for two years following proceedings bought against it by the Society.

01 January 2003

Travelers boosts asbestos reserves to £3.4bn

This month’s announcement from Travelers Property Casualty met with a largely positive response from Wall Street, insurance analysts and ratings agencies.

01 January 2003

Lloyd's private capital increases for 2003

For the first time in over a decade, private capital has increased its underwriting participation at Lloyd's - over-turning a trend which a few years ago appeared terminal.

01 December 2002

Swiss Re opposes Silverstein appeal

The WTC dispute ignites again as Swiss Re strives to prevent Silverstein from appealing pro-insurer decision In a strongly worded response to Silverstein's attempts to appeal the New York Court's decision to deny summary judgment against Travelers Ind

01 December 2002

Insider Shorts: GE’s Employers Re – unloved and up for sale

GE’s Employers Re – unloved and up for sale “ERC does not fit GE’s business model” said General Electric chairman and chief executive Jeff Immelt on 21 November as he revealed its reinsurer would cost the company another $2bn.

01 December 2002

Creechurch looks beyond Lloyd's

Speculation is mounting that a small Lloyd's vehicle could be the next for expansion beyond the confines of Lloyd's. Reports suggest that Creechurch Underwriting, the integrated Lloyd's vehicle, has plans to expand out of the Lloyd’s market, including

01 December 2002

Glenrand Ltd in management buy-out

The UK broking operations of South African insurance group Glenrand MIB are to be bought-out by its UK management, led by chairman Andrew Wallas and chief executive Mark Pattle.

01 December 2002

Benfield confirms London IPO

Speculation over location of IPO ends with the surprise choice of London Benfield, one of the London market's leading brokers, surprised observers at the end of last month by revealing it was to choose London over New York for the location of its long

01 December 2002