MGAs/MGUs [DEMO]

Depression deepens

Little good news to report, as rates remain sluggish and losses deepen, reports Bevis Marks March and April are the months when the traditional marine insurance market pauses to take stock of itself. The end of year season for hulls is over; the Clubs

01 May 2000

Jaffray: Names Having Their Last Day in Court

The last scene of the great Lloyd's tragicomedy is being played out in the Commercial Court before Mr Justice Cresswell. 220 Names are seeking to avoid pursuit by Lloyd's for debt by suing the Society for fraudulent misrepresentation.

01 May 2000

Dazzled by the Glamour

The London Market has not been a happy hunting ground for US life reinsurers writing workers’ compensation or Australian Catastrophe reinsurers in the last few years. But at least they can take succour that it’s not all one-way traffic. The London market’

01 May 2000

Inside Unicover

Cigna - hiding the truth? Cigna continues to claim that its exposure to Unicover and workers' compensation reinsurance is minor. But evidence in London would suggest the contrary. Stirling Cooke Brown - litigation continues to hurt. Blanch - US bro

01 May 2000

Insider Dealings

The end of the tax year often spurs directors into share dealing, and this year proved no exception. The most enthusiastic was Independent duo Michael Bright and Phil Condon, who entered the market three times in March buying at £2.32, £1.93 and £1.92 (cu

01 May 2000

Drop the Pilot

The Insurance Insider launches a new column looking at some of the market’s specialist insurance classes. Unmanned aerial vehicles (UAVs), or ‘Drones’, are at the cutting edge of technological development in aviation, military and commercial fields. A

01 May 2000

Insider Vital Insurance Statistics - Overseas Stocks

Aegon’s results were in line with expectations.The Dutch insurer said that net income had increased by 26% to E1.57bn and that growth had benefited from last July’s acquisition of San Francisco based Transamerica. But insurance analysts were disappointed

01 May 2000

Anything but the results

The vast majority of the UK’s insurers have now reported their end of year results, and few of the announcements held many surprises. Broadly speaking, general conditions remain tough and life business is where the real growth is to be found.

01 May 2000

Kidnap on the increase, says Hiscox

A new comprehensive survey has shown that world-wide kidnappings for ransom in 1999 reached a record peak. The number of reported world-wide kidnappings for ransom rose from the 1998 peak of 1,690 to 1,789 in 1999, a rise of 5.9%. 92% of those incident

01 May 2000

City Tables - Fishing for Condiments

So here we are, this proud island race, our nautical heritage stretching back centuries. Our fishermen brave weather fair and foul, overcoming mountainous waves and piercing wind to harvest the depths of the cold oceans and put the pick of the catch on...

01 March 2000

How safe is your system?

Unlike the anti-climactic aftermath of the Y2K bug, the issue of internet insurance fraud has a big future. So far, reports of the use of the internet for perpetrating insurance fraud are confined to the small-scale chisellers at the consumer end of...

01 March 2000

Inside America - Night of the Living Dead?

Back in November, David Schiff assessed Reliance’s Unicover related problems Reliance Group Holdings and its primary subsidiary, Reliance Insurance Co, are in dubious financial condition. There’s a distinct possibility that Reliance Group might...

01 March 2000