MGAs/MGUs [DEMO]

Gerling under review: Hannover Re interested

Rating agency A.M. Best has placed the financial strength rating of A- (Excellent) of Gerling Global and its core subsidiaries under review with negative implications.

01 October 2002

Names may sue UK Government

The UK Government may be sued by embittered Lloyd's Names, following a European Parliament report that condemned the Government for its failure to regulate the Lloyd's market.

01 October 2002

Lloyd's insurers see profits return

The Insider’s exclusive analysis of the interim results shows that the quoted insurers are benefiting from the current hard market

01 October 2002

Re-capitalising on a hard market

While European shareholders are becoming less tolerant of capital raising, Lloyd's investors just can't say no On 30 September SCOR announced a €400mn share issue, ostensibly to enable the French reinsurance group to increase its underwriting. SCOR's s

01 October 2002

FSA sets out regulatory framework

Lloyd's may lose some its current monitoring and compliance duties, under new tighter supervision from the FSA.

01 October 2002

Syndicates exposed

It goes against the Lloyd’s ethos of “one market”, but Standard & Poor’s assessments provide a new way to rank syndicates Lloyd's doesn't necessarily approve, but its customers are increasingly focusing on the syndicates they do business with rather th

01 October 2002

Swiss Re - good news and bad

Single occurrence victory in WTC and strong 1H 2002 performance overshadowed by loss of triple A rating

01 October 2002

Dawson steps down as Cox CEO

As widely predicted, Cox Insurance Holding’s Michael Dawson succumbed to shareholder pressure and stepped down as the Group’s chief executive. Dawson’s demise was the price for Cox’s dismal losses which saw the insurer approach Lloyd’s for a controversial

01 October 2002

WTC: Insurers optimism grows

Silverstein appeals pro-insurer decision but Judge hints at sympathy for WTC carriers The (re)insurers exposed to the WTC programme reacted with relief to US District Judge Martin’s decision that an R&SA subsidiary, the Hartford and St Paul cannot be s

01 October 2002

GoshawK seeks permission to write death insurance

Lloyd’s insurer will ask for shareholders’ approval before continuing to write controversial viatical schemes GoshawK, the quoted Lloyd’s insurer, has agreed to seek their shareholders’ approval before writing viatical insurance - the controversial pra

01 October 2002

The loss of the Certainty effect - Schiff's Insurance Observer - The problem of policyholders distrusting insurers

We've been concerned about insurance companies' financial strength since... well, since forever. Over the years we've written dozens of articles about insurance buyers' disregard for financial strength and the danger that entails. Risk that is "transferre

01 October 2002

SOC delays fund deadline

Lloyd’s Members Agency remains hopeful that its innovative Fund will attract sufficient support as syndicates wait in the sidelines Lloyd's members' agent SOC Group extended the deadline for raising funds on its new investment fund yet remains confiden

01 October 2002