MGAs/MGUs [DEMO]

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

Lloyd's to lose £694mn in 2000

Latest estimates show Lloyd’s loses £3.4bn in four year slump, 2000 forecasts show wide disparity in results The wanton destruction caused by the recent slump in market rates has forced Lloyd's to revise downwards its 1999 projections to a loss of £1.3

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

Syndicates Scramble to Expand

To avoid over-writing and the shortage of reinsurance, syndicates are buying in-house quota share cover and planning capacity expansions for 2002. But what impact will these have on the 2001 capacity auctions?

01 July 2001

Six Months That Destroyed Independent

2 January Independent begins the year ostensibly in good cheer. The stock price sat at a record high at 401.5p, valuing the company at almost £1bn and Michael Bright's 6.18% stake at around £60m. But not all was well. In 2000 some of Independent’s rein

01 July 2001

Watch Kemper Very Closely - The Lumbermens Shuffle - by David Schiff

During the first week of 1999, Illinois’ governor, Jim Edgar, signed a bill permitting mutual insurers domiciled in the Land of Lincoln to convert to mutual insurance holding companies (MIHC). For those who may have forgotten the MIHC is a neutron bomb fo

01 July 2001

Independent: Revelations and Recriminations

Allegations of fraud might get brokers off the hook, but their earnings could be affected If it wasn't for the grasping compensation culture, then it's quite conceivable that the Independent empire could have tottered onwards until - presumably - “Bri

01 July 2001

That's Life

Term life syndicates face additional hurdles, despite personal accident and contingency syndicates writing conceptually similar business.With only one life syndicate open to external members, perhaps its time for a rethink says Laptop.

01 July 2001

HIH (UK) problems known in 1996

Credit Suisse bailed out after commissioning highly critical reports of the management and underwriting of HIH’s London operations five years before it collapsed HIH's London operations were mismanaged with business written “without appropriate infras

01 July 2001

Insider Shorts

Chatset Directory Lloyd’s analysts Chatset have launched a new edition of their Lloyd’s and London Market Directory.

01 July 2001

Willis joins Stirling Cooke Brown in "Unicover writ"

Potential ‘spiral’ exposures force Willis to join SCB in fighting Odyssey Re's claims Recently floated broker Willis has made a late application to join Stirling Cooke Brown in fighting allegations that the broker deliberately conspired to place under

01 July 2001

Parliamentary Privileges

With Independent’s spectacular fall from grace and the continuing controversy over Equitable Life, the industry is yet again in parliamentarian’s bad books. As a consolation, Marcus Scriven traces some of the happier relationships Lloyd’s and insurers hav

01 July 2001