July 2000/1

Environmental Concern ALARM the national forum for risk management in the UK public sector has raised five key concerns in its response to the European Commission’s White Paper on Environmental liability. While not specifically contesting ‘the polluter

Doors closing after the horse has bolted? In the wake of the Australian reinsurance market crash the regulators step in. This and other news from the Asian markets.

All change in the Ports and Terminals market reports Bevis Marks If you insure ports and terminals, as many marine insurers do, you may well have noticed how fast the world is a-changing. Readers of the marine press will probably have noticed the n

What with all the excitement and let down of the Asian Financial Crisis, many people working in marine insurance managed to forget for a few short years since 1997 that the shipping industry and the cargo producing industries are all tending to grow in an

The following article appeared in the June 12, 2000 issue of Schiff’s Insurance Observer Last Thursday afternoon, after trading had closed on the New York Stock

The Insurance Insider details the claims behind Sphere Drake’s action against Euro international and Stirling Cooke Brown On the 29th of February this year a writ was issued by Sphere Drake Insurance against Euro International Underwriting (EIU), John

After numerous bids and counter bids Limit grudgingly plumps for QBE Well, Limit has certainly had an adventure. The embattled Lloyd’s vehicle had been desperately trying to deter the unwanted attention of Australian insurer QBE. Unfortunately the Aus

Allianz Price 3.13: P/E35: MCap E90087.56: 1 mnth perf -0.9%: 3 mnth perf -8.3% After being poked in the eye by bankers at Dresdner and Deutsche following their failed merger attempt, Allianz’s chairman, Henning Schulte-Noelle, sounded a touch glum

Frankel: extradition delayed by court appearance Martin Frankel, the alleged fraudster, who the authorities claim, was responsible for the disappearance of hundreds of millions of dollars from insurers by way of a string of insurance companies controll

The first of six Lloyd’s capacity auctions was a sluggish affair It was a slow and entirely expected start to the annual Lloyd’s auctions, where the right to participate on Lloyd’s syndicates is bought and sold. The declining number of names and syndi

As the Jaffray trial draws to a close Marcus Scriven ponders on the possible outcome So it will all be over within a few more days – the closing speeches delivered, the court room cleared, the Names released, leaving Mr Justice Cresswell, alone, to pr

Syndicate 1204 Salvaged from the debris of Ed Kelly’s Syndicate 349, which in 1992 closed three losing open years of account into Equitas, Syndicate 1204 never really got to grips with its new business plan. Under the hand of Crowe management, Ernie Ha