January 2006/3

Equitas disappointed with reinsurance deals ; Ascot reveals hurricane losses ; Liberty ups capacity to record level ; Hardy founder steps down ; RFIB makes Moscow move ; Independent executives bailed on fraud charges ; JLT Re begins trading ; et al...

AIG expected to settle for over $1bn ; ACE expects $250mn Wilma loss ; SCOR buys Alea Europe renewal rights ; Cook to leave AXIS ; Mexican Wilma losses hit $1.75bn ; Advisen estimates $57.6bn hurricane losses ; et al...

Out of court settlements appear to be close in the £80m fraud trial between Cable & Wireless and former employees of its defunct captive insurer Pender Insurance. The case met for a ‘mention’ at the High Court on 12 January and has been scheduled...

Hannover Re is understood to be looking at solutions to reduce its exposure to reinsurance recoverables, which have risen significantly on the back of last autumn’s record industry hurricane losses.

Proposals set to include differential charging of Central Fund in bid to reduce cost burden on members. Lloyd's is set to publish a radical blueprint for change later this month which will raise the prospect of a fundamental overhaul of the...