MGAs/MGUs [DEMO]

Catlin plans $750m injection

Massive boost for Lloyd's, but Names can't benefit Stephen Catlin, the former dentist and chief executive of Catlin Underwriting Agencies Ltd, is negotiating a $750mn capital boost in Catlin Westgen Group Ltd, the holding company of Catlin Underwriting

01 December 2001

Inside Letters - Slayden Support

Gentlemen, I enjoy your publication and appreciate the general quality and forthrightness of the editorial; very refreshing and often enlightening. I regret therefore that I must take you to task over a very short insert in your latest issue.

01 December 2001

Lloyd's to be given ultimatum

Overseas investors form new association to demand radical change in the market's structure and cost base which could see the demise of traditional Names Heavyweight Lloyd's insurers are demanding that the market radically restructure, giving rise to fe

01 December 2001

Plain English

English can often be misleading, so we have rustled up a guide to aid understanding to the minefiled of Lloyd's business jargon. This month it's the opaque business desription:

01 December 2001

Can the Hard Market End Before it Starts?

A Tidal Wave of Capital - David Schiff pours on the cold water The capital markets are efficient - in an irrational way. Capital flows towards opportunities that offer superior returns. Paradoxically, those superior returns can fail to materialise if t

01 December 2001

Litigation claims multiply

Zurich deny cover on WTC shopping mall Zurich are denying they insured the WTC shoping mall after the leaseholder Westfield America Inc claimed for losses arising from the 11 September attacks.

01 December 2001

American Re - $506m loss for third quarter

The Munich Re subsidiary American Re has reported a net loss of $506.5mn for the third quarter of 2001.

01 December 2001

Chairman & ACE settle at the "courthouse door"

A week after Axis Specialty confirmed it had raised $1.6bn and will begin underwriting from its Bermuda base in December, its chief executive John Charman and his former employers ACE have settled their dispute over Charman’s termination agreement.

01 December 2001

Wellington to sponsor London based underwriting vehicle

Wellington Underwriting plc has announced that the Group's managed syndicate 2020 plans to double its underwriting capacity to $1bn for 2002, and that the Group was examining the options available to raise the capital needed to support the growth of the b

01 December 2001

Converium's stock rises

Reinsurance is back in favour and, with generous subsides, Zurich's unwanted R/I division should enjoy a successful floatation. For sale. One reinsurance company no longer wanted by owner. Embarrassing exposures to Unicover after failed fronting arrang

01 December 2001

Lloyd's capital base takes shape

As corporates reinforce their dominance of the capital base, the number of syndicates falls below 100 with Names facing a realistic chioce of twenty The Lloyd's market for 2002 is beginning to take shape. Some managing agents have taken advantage of th

01 December 2001

GoshawK wings to Bermuda

Lloyd's insurer Goshawk is doubling its size and establishing a £100mn capitalised Bermudian reinsurer Goshawk Re to exploit the post 11 September market.

01 December 2001