MGAs/MGUs [DEMO]

Lloyd's - results go down, but capacity goes up

The 1998 and 1999 mid-point results for Syndicates look as disappointing as expected, but capital has flowed in for 2001 on the back of the hardening market

01 December 2000

Underwriters Credit Fight

In the wake of the Market's endorsement of new standards, Ace and Brockbank lead underwriters demand improved broker performance on terms of credit. Others expected to follow suit… Forget all the talking up of rates over the twelve months. The most re

01 December 2000

A Whiter Shade of Pale?

With its stock down almost 70 percent since March, US broker E W Blanch is facing an uncertain future, as does its recent purchase Lloyd's Broker Crawley Warren. Reporting a net loss for its third quarter 2000 results, E W Blanch announced that it was

01 December 2000

Where Angels Fear to Tread

Red faces at CGNU as Lloyd's burns the fingers of yet another corporate investor. Berkshire Hathaway is making quite a habit of helping CGNU shed the skins of its unwanted businesses, principally the property and casualty slough inherited from Commerc

01 December 2000

Inside News - NOC, NOC - Who's There?

The lack of standardisation, or perhaps the very individualism that Lloyd's is famous for, in the market anyway, has been highlighted by the recent acrimony caused by D J Newman's Syndicate 1218 when they issued Notices of Cancellation on every North Amer

01 December 2000

'Once More Unto the Breach...etc...etc...'

The embittered Jaffray Names vow (again) to continue their fight against Lloyd’s and ‘The Establishment’ and have set their sights to Europe for salvation, according to Marcus Scriven. A line has been drawn in the sand. It's the end of a chapter - a m

01 December 2000

Let The Good Times Roll Again...(Please)

Oh, to be a recruitment consultant. The belief that rates are returning towards levels of probity and - more crucially - the corrosive effect of three years of masochistic underwriting is causing a profound shake-up. As the market jostles for starting pos

01 November 2000

That's Life - Lutine rings for St.Paul's

At last, the protracted sale of Lutine Life, the services company owned by five Life syndicates, is complete. St. Paul, owners of the managing agency controlling Life Syndicate 779, is paying £8mn. Each of the five member Syndicates (Chartwell 44, Wren 38

01 November 2000

Inside News

Omega completes 529 acquisition Lloyd's managing agency Omega Underwriting Agents, who manage the non-marine Syndicate 958, are to takeover the business of troubled Syndicate 529, subject to final approval by the Lloyd’s regulators. This follows the

01 November 2000

Speculate at Your Own Risk - David Schiff on E-Madness, Insurance Stocks, and Capital

Since we began Schiff ’s Insurance Observer twelve years ago, we’ve generally maintained an attitude of skepticism. However, not wanting to be a stopped clock that’s right twice a day, we’ve tried not to let our skepticism turn into cynicism, tainting our

01 November 2000

Insider Vital Insurance Statistics

Goshawk Goshawk might look a tad on the small size when it comes to market capitalisation, but it's got quite an enviable advantage over virtually all of its bigger Lloyd's peers. All Lloyd's vehicles dream of owning 100 per cent of their managed capac

01 November 2000

A Mixed Lot of Auctions

The volume of capacity traded in this season increased with each auction, but still failed to match those traded in previous years, and unsatisfied sell orders continue to increase.

01 November 2000