January 2005/1

But uncertainty remains on how firm the company’s walk-away option is on remaining asbestos exposures... ACE Ltd has partially lifted the asbestos albatross which haunted the company's reserves ever since it acquired CIGNA Property & Casualty business

Fitch Ratings has found itself embroiled in a dispute with the German Insurance Industry Association GDV over its plans to publish unsolicited ratings on hundreds of European insurers. In a 7 January dated letter sent to Fitch Ratings' managing directo

Cover for up to $65bn of telecoms assets may have to be placed on the open market following the collapse in November 2004 of Pender Mutual Insurance Company (PMIC), the Isle of Man based insurer set up to provide cover for Cable & Wireless and other large

Analysts at Banc of America Securities provided a New Year boost to MMC by upgrading their stance on the world's largest insurance broker from "neutral" to "buy".

A second dispute, which went to arbitration in November 2004, saw London market reinsurers victorious in a dispute over professional indemnity reinsurance cover broked by Carvill for the Attorneys Liability Assurance Society (ALAS), a US-based mutual insu

There is increasing evidence that energy renewals have been hard hit by Hurricane Ivan, the Category 5 hurricane that ripped through the Caribbean and Florida in September 2004.

Capital Bonding founder launches lawsuit despite regulatory actions The controversy over the threat of multi-million dollar US bail bond losses which loomed over various London market reinsurers last year took a new twist this month with news that the

A last-minute agreement was reached this month between the Lloyd's Market Association (LMA) and London Market Insurance Brokers' Committee (LMBC) on the form of the new Lloyd's terms of business agreements (TOBAS). The decision came on 13 January, 2005

XL D&O dispute heads for court; ALAS settles with reinsurers The acrimonious dispute between reinsurance broker RK Carvill and its former client XL Professional Liability over its disputed D&O treaties is set for an October 2005 show-down.

In our regular monthly News Digest, we round up key stories from the last month, presenting them to you in easily digestable snippets.

In our regular monthly News Digest, we round up key stories from the last month, presenting them to you in easily digestable snippets.

Brokers Aon and a host of Lloyd's syndicates were treated with a Christmas surprise after Justice Morison delivered his long awaited verdict against the reinsurers of the Aon 77 energy lineslip on 21 December. The verdict means that Cotesworth Syndicat