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July 2001/1

  • To avoid over-writing and the shortage of reinsurance, syndicates are buying in-house quota share cover and planning capacity expansions for 2002. But what impact will these have on the 2001 capacity auctions?
  • Term life syndicates face additional hurdles, despite personal accident and contingency syndicates writing conceptually similar business.With only one life syndicate open to external members, perhaps its time for a rethink says Laptop.
  • Chatset Directory Lloyd’s analysts Chatset have launched a new edition of their Lloyd’s and London Market Directory.
  • Market optimistic over recovery as capacity shrinks London Market liability rates have soared in the light of the capacity crunch caused by the withdrawal of a host of carriers. The collapse of specialist casualty insurers such as Independent and HIH,
  • MAPA Moans Dear Sir, Laptop - User Pays Thank you for the article by “Laptop” in the June 2001 edition of The Insurance Insider revealing the rip-off mentality that pervades the Society of Lloyd’s nowadays. I am glad that I resigned my membership a
  • $600mn Goldman Sachs deal postponed AIG’s denial of liability on $183mn of Flashpoint bonds - which has ignited a war of words between investors, investment bank Credit Suisse First Boston and the world’s largest insurance company - could backfire.
  • 2 January Independent begins the year ostensibly in good cheer. The stock price sat at a record high at 401.5p, valuing the company at almost £1bn and Michael Bright's 6.18% stake at around £60m. But not all was well. In 2000 some of Independent’s rein
  • Credit Suisse bailed out after commissioning highly critical reports of the management and underwriting of HIH’s London operations five years before it collapsed HIH's London operations were mismanaged with business written “without appropriate infras
  • During the first week of 1999, Illinois’ governor, Jim Edgar, signed a bill permitting mutual insurers domiciled in the Land of Lincoln to convert to mutual insurance holding companies (MIHC). For those who may have forgotten the MIHC is a neutron bomb fo
  • Allegations of fraud might get brokers off the hook, but their earnings could be affected If it wasn't for the grasping compensation culture, then it's quite conceivable that the Independent empire could have tottered onwards until - presumably - “Bri
  • With Independent’s spectacular fall from grace and the continuing controversy over Equitable Life, the industry is yet again in parliamentarian’s bad books. As a consolation, Marcus Scriven traces some of the happier relationships Lloyd’s and insurers hav
  • Further embarrassment for film impresario Kent Walwin as Canadian company Blackwatch is raided by Mounties and files for bankruptcy The extraordinary saga of insurance backed film financing took a further twist with the news that Canadian film financi