January 2005/1

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

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".

ACE USA chief executive Susan Rivera became the second most high profile casualty from the investigations into insurance industry practices following the ousting of MMC chief executive Jeffrey Greenberg in October 2004 when ACE Ltd announced her resignati

Lloyd's has issued proceedings against Aon over the broker's refusal to waive the statute of limitations concerning the Central Fund reinsurance dispute. The Corporation is preparing to enter the second phase of arbitration with Swiss Re and the other

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.

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