January 2006/4

The International Underwriting Association (IUA) has set up a network for the project managers driving the London (re)insurance market towards contract certainty.

A political risk analyst has predicted that the UK will face five more terrorist attacks from Sunni extremists within the next 18 months.

Lloyd’s listed insurer Amlin last Tuesday (10 January) reported a bullish trading statement despite fears expressed in some quarters over rates at the 1/1 renewals, and said 2005 pre-tax profits are expected to exceed analysts consensus forecasts.

The Lloyd’s insurance specialist Numis Securities has upgraded its recommendations on seven London market insurers on the back of improved trading conditions following last year’s storm losses...

Lord Levene has continued his call to the US to reform its “credit for reinsurance” rules to allow foreign reinsurers to lend more support in the event of another mega-disaster such as Hurricane Katrina.