MGAs/MGUs [DEMO]

War Diary

In the weeks that followed the USA attacks The Insurance Insider published a daily e-mail update of events and information as they unfolded - an edited version follows......

01 October 2001

Inside Letters

User Pays - Lloyd's responds Dear Sir, Thank you for the opportunity to respond to your article “User Pays Revisited” in the June issue of The Insurance Insider. I apologise for the delay in responding. However, this does enable me to set out MSU's 200

01 October 2001

Reinsurance put to the test

Pressure to reveal gross losses builds as fears over reinsurance failure take hold in the London market In Hemingway's “The Sun Also Rises” the following exchange takes place: “How did you go bankrupt?” Bill asked. “Two ways,” Mike said. “Gradually and

01 October 2001

Lloyd's bolsters central fund

Premium levy increase for 2002 designed to increase fund to $1bn, but Lloyd's deny link to possible syndicate failures Lloyd's has responded swiftly to its downgrade by AM Best to A-, by announcing that its increasing the premium levies on all syndicat

01 October 2001

In the Limelight - The four competing guides and league tables of Lloyd's syndicates have recently been published

Every summer, four competing publications produce what they claim are the definitive guides on Lloyd’s syndicates’ performances. These guides - produced by the Association of Lloyd’s members, in association with AM Best; Chatset; Thomson and Moody’s -

01 October 2001

CNA Re - in or out of London?

CNA's commitment to the London Market appears shaky as the loss struck Group puts its London reinsurer up for sale and relocates centre of expertise to Zurich CNA Re's restructuring and proposed sale of London Market subsidiary CNA Reinsurance Company

01 September 2001

Lloyd's Gambles Reputation on "Death" Industry

Contingency market underwrites the murky viatical industry Lloyd's worthy reputation for underwriting the specialist, niche and downright quirky has been reinforced by the discovery that its contingency market has insured viatical companies - instituti

01 September 2001

Auction Round Up

The Insurance Insider’s comprehensive analysis of the Lloyd’s auctions starts with Laptop’s analysis of every syndicate trading, together with our own exclusive ratings Lloyd’s 2001 auctions began on the 4 September. Only two facts can be safely predic

01 September 2001

Wall Street losses hit Lloyd's

Insurers hit by D&O losses in wake of shareholder class-actions over collapsed stock prices History, they say, always repeats itself. Ian Youngman, in his 1999 book Directors and Officers Liability Insurance, observed that the first US D&O policies wer

01 September 2001

Viaticals to Film Finance

Key players in the insurance backed film finance scandal are involved in writing viatical insurance If there is a greater absurdity than insurers guaranteeing the financial success of un produced films, then perhaps guaranteeing someone's death might r

01 September 2001

London Technology - A year of turmoil, but positive or negative?

Roger Foord has mixed views on the current changes... The Lloyd's and London insurance market has in the past twelve months suddenly developed a 'latent wake up call' to the point of serious self criticism as even the chairman of Lloyd's has felt compe

01 September 2001

Syndicates in our Auction Frame

(A B & perhaps C rated) BF Caudle Syndicate 2(Upton) Growing in popularity now that Advent/BF Caudle have acquired the Kingsmead Agency.The XOL orientation of the account leads recovery of the marine sector; and the Syndicate has consistently outperfo

01 September 2001