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February 2004/1

  • But with ratings likely to be dragged down, reserving doubts and indifferent results, questions remain over supermerger rationale. Two months after Travelers and St Paul unveiled plans for a "merger of equals" (see the November 2003 edition of The Insu
  • Defeated Council election candidate Julian West has complained to the Financial Services Authority after Lloyd’s allowed the recent result to stand - despite a complaint that victorious candidate Quentin Davies MP was ineligible to stand.
  • Marsh lifts MMC from Putnam mire Marsh & McLennan Companies (MMC), parent of the world's largest broker Marsh, shrugged off the furore surrounding its troubled investment arm Putnam to announce strong operating results for the fourth quarter and year e
  • Despite the pricing slowdown, the London Market is continuing to attract start-up proposals. The Insurance Insider analyses those with the best chance of successfully raising capital Aspiring London market start-ups are continuing to solicit funding fo
  • A new method for the remaining Names who are exposed to their last cufflink may be introduced as Lloyd's considers the merits of English limited liability partnerships.
  • Lloyd's finance director Andrew Moss surprised observers on 29 January when he resigned to become the Group finance director of UK insurer Aviva plc.
  • We are pleased to introduce our new regular monthly News Digest, rounding up the key stories from the last month, and presenting them to you in easily digestable snippets.
  • After months of speculation, Xchanging has finally acquired insurance IT provider RebusIS creating a combined group with revenues of $360mn and 1800 employees.
  • The Depression had a salutary effect on underwriting results. The fire and casualty industry's combined ratio was below 100 percent every year from 1933 to 1945. The flip side of this, however, was that investment income as a percentage of premiums declin
  • The latest round of energy litigation involves allegations of lack of disclosure, collusion and losses of as much as $500mn, The Insurance Insider discovers. Insurers are set for another round of heavyweight energy litigation, this time involving an Ao
  • Lloyd’s run-off reinsurer sees an end to its largest direct liability US engineering firm Halliburton has announced a $575mn (£317mn) settlement of its asbestos exposures with Equitas, the reinsurer established by Lloyd's in 1996 as a run-off vehicle f
  • The Insurance Insider looks at recent developments in asbestos litigation A Chapter 11 filing by asbestos defendant AC&S Inc has been thrown out by a US federal judge after he found that the firm's bankruptcy plan was so influenced by asbestos plaintif