MGAs/MGUs [DEMO]

ESG Re seeks Lloyd's salvation

Struggling reinsurer puts Lime Street at centre of revival strategy European Specialty Group Re Ltd, the Bermudian based, NASDAQ quoted accident and health and medical reinsurer, is looking to Lloyd’s as it attempts to reinvent itself after a successi

01 September 2000

Auction 3: Prices Depressed

Auction 3 of Lloyd’s capacity brought little cheer as prices drop back to auction 1. In the third auction of the season, the amount of capacity traded remained roughly in line with auction two, but the average price fell back to the auction one price

01 September 2000

Mega Members' Agents: A New Power To Be Reckoned With

For the first time the prospect of people power has emerged at Lloyd’s following the proposed merger of Sedgwick Oakwood with Hampden; and Christie Brockbank Shipton(CBS) with the Amlin Members’ Agency. There are now 17 syndicates trading at Lloyd’s wh

01 September 2000

Still Not Out of the Woods

Apart from in isolated sectors, improving reinsurance rates have yet to make a meaningful impact at a direct level "This is not the end; this is not even the beginning of the end, but merely the end of the beginning," pronounced a defiant Winston Chur

01 September 2000

Inside News

AHP new treaty division Agnew, Higgins & Pickering, the natural resources Lloyd’s broker created two years ago, is forming a treaty reinsurance division. Simon Samson has been recruited from AHP’s parent company Jardine Lloyd Thompson to head the ne

01 September 2000

Bankruptcy Ahoy! - Reliance’s Big Dividends

On August 14, Reliance Group Holdings announced a second quarter loss of $504.5mn, reducing the company’s reported shareholders’ equity to $455mn (down from $1.03bn at year end). As of June 30, 2000, Reliance Group had $735.1mn of debt, including $237.5mn

01 September 2000

Insider Vital Insurance Statistics

Munich Re Like most other players in the market it's been a lousy year for Munich Re; in fact in 1999 the company suffered its worst year in reinsurance since being founded in 1880. A string of natural disasters have pushed claims to record levels and

01 September 2000

Risk based capital provokes new storm

Lloyd’s faces criticism for the loadings placed on syndicates Fresh from the Council of Lloyd’s announcement that underwriting ratios are to be reduced by 5% to 40% for all fund providers, and the abolition of “other personal wealth” provisions in the

01 August 2000

Auction 2: Patchy Interest

Lloyd’s Auction 2 saw a gentle pick up of average prices, but buyers are still more reluctant than in past years.

01 August 2000

Out with Max and in with the Sax

The Lloyd’s chairmanship goes part-time, with Max Taylor stepping down Gone are the days when the prestige Chair of Lloyd’s could guarantee plenty of time to play golf with the chaps, and a nighthood for your troubles. By returning the role to a part-

01 August 2000

Inside News

Concorde Air France The devastating crash of the Air France Concorde, flight AF4590, shortly after take off from Charles De Gaulle Airport looks set to generate large liability claims. Air France has already announced that it will pay an advance of FF1

01 August 2000

Deja Vu for A&H Market

Another ‘carve-out’ scandal unravels as CNA alleges mispresentation to rescind retrocessional contracts What is it about the accident and health market that keeps it in the headlines? With the Unicover workers compensation debacle still fresh in me

01 August 2000