MGAs/MGUs [DEMO]

Benfield Blanches out

Benfield’s $179mn acquisition of E W Blanch (EWB) catapults the privately owned broker into the world’s third largest broker reinsurance slot, behind Aon and Guy Carpenter (Marsh) Benfield had made no secret of its desire to expand its US operations. E W

01 May 2001

Lloyd's Market Results 1998

Continued poor forecasting adds to dismal performance of Syndicates In February 2000 Douglas Morton joined the Corporation of Lloyd's as Chief Analyst, reporting directly to Pat Hakong in the Market reporting and Solvency Department. His appointment ha

01 May 2001

Willis Seeks Place in the Sun

Willis relocates to Bermuda; proposes a partial offering of its stock in the United States; and Kohlberg, Kravis Roberts announce that they're not quite ready to sell their shares just yet etc.

01 May 2001

Stirling Cooke renames as Atlantic Star

Stirling Cooke Brown's path towards redemption has taken a further step with the announcement of a re-branding exercise and the appointment of Tony McCallum as the new managing director of the Company's London operations. As a result of the re-branding SC

01 May 2001

Zurich's 'Unicover' Headache

Proposed spin-off troubled by disputed workers’ compensation carve out losses Zurich Financial Services’ ability to spin-off its reinsurance division will depend upon persuading investors that a series of losses, including ongoing exposures arising fro

01 May 2001

FINPRO team to join First City

First City, the independent Broker specialising in insurance for financial institutions, will recruit the five strong FinPro team that resigned from Marsh's Financial and Professional Indemnity division (FINPRO) subsidiary last month. The move will contin

01 May 2001

Inside Letters - Risk & Reward at Lloyd’s

Dear Sir, Re: Laptop: Diversification of Risk I was pleased to see another reference in your January 2001 column to my 1988 MBA dissertation on risk and reward at Lloyd’s. A few minor points might interest you.

01 May 2001

Insider Vital Insurance Statistics

E W BLANCH A victim from the Unicover fallout, Blanch looks out on a limb as takeover speculation mounts On 6 May 1993, in the midst of strong investor confidence in insurance and reinsurance stocks, E W Blanch went public. Viewed as one of the US's

01 March 2001

Hannover's Clarendon 'Hangover'

Tax reform bolsters results but disappointment with Clarendon acquisition gives weight to the Cassandras. Hannover Re, the world’s fifth largest reinsurer, expects gross premium income to grow by 25 percent for 2000 to some €8.4bn. However, pre-tax inc

01 March 2001

Contingency market disarray

The London contingency market, which routinely attracts publicity for covering outlandish risks such as prize indemnity and sporting non-events, has itself been washed out by that double whammy of too many claims and too much capacity. The latest departur

01 March 2001

Was Flashpoint the victim of fraud?

Flashpoint’s sister company British International Group claims to be a victim of forged Far East binders. In an exclusive investigation, The Insurance Insider investigates David Forrest’s unhappy involvement with the murky world of insurance con-men and c

01 March 2001

Charman Seeks Pastures New

A fall out with management has led to Charman’s shock resignation from ACE, one month after his promotion to Group President of ACE International The shock announcement that John Charman has left the global insurer ACE has led to fierce speculation ab

01 March 2001