MGAs/MGUs [DEMO]

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

Lloyd's increases loss estimates to £1.9bn but claims minimal exposure to Fortress Re

As widely predicted, Lloyd's increased its estimated net exposures to the WTC attacks by forty-five percent from £1.3bn to £1.9bn. As a consequence, the market has increased its estimated losses for the 2000 year from £0.7bn to £1.49bn. And increased its

01 December 2001

Hannover Re hits out at Moody's after downgrade

Fresh from its dispute with Lloyd's, Moody's has been attacked by Hannover Re after downgrading the reinsurer from Aa3 to A2.

01 December 2001

Equitas: Asbestos claims continue to rise

Equitas are still facing a rising tide in asbestos claims according to their results for the first six months of 2001.

01 December 2001

Property XOL and aviation syndicates deteriorate rapidly

Unsurprisingly, syndicates specialising in aviation and property excess of loss have demonstrated the worst deterioration in forecasted results since the 11 September attacks, according to research by Leadenhall Insurance Consultants.

01 December 2001

Enron: Insurance exposed after financial guarantees

Speculation is mounting over the insurance industry's exposures to Enron - the giant US energy group that filed for bankruptcy protection last week. While initial fears concentrated on possible D&O and professional indemnity losses, concerns are rising ov

01 December 2001

SVB increases loss estimate by 50 percent

Embattled Lloyd's insurer SVB are the latest carrier to increase their loss estimates to the 11 September attacks.

01 December 2001

Copenahagen Re ceases

Long term London market player, Copenhagen Re (Cop Re), the reinsurance subsidiary of Danish insurance group Alm Brand, has become the first major provider of Lloyd's syndicate reinsurance to succumb to the losses of the 11 September World Trade Centre at

01 December 2001

Sun sets on Fortress Re

The impending collapse of the Japanese backed Fortress Re pool with over $2.3bn liabilities has increased fears of bad debt in the international aviation market Anybody “that writes airline business will be affected by this, some in a very big way. Hun

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