July 2002/1

The Court of Appeal unanimously rejected the case brought by the so called Jaffray Names against Lloyd's, and upheld the earlier High Court ruling that Lloyd's had not committed fraud.

D&O insurers take the strain as the examples of numerical innovations and accounting irregularities mount. The Insider analyses the high-profile corporate losses which could impact the sector. On announcing their 2nd quarter results on 23 July, St Paul

OAMPS is Australia’s first accredited Lloyd’s broker - but its recent successes hide a bitter boardroom battle that ended with the disqualification of its former Chairman. One of the largest shareholders of Lloyd's only accredited Australian broking ho

XL Capital’s share price fell 12 percent after the insurer announced an unexpected $200 mn charge for additions to its 11 September reserves and a $120 million charge for bond writedowns for WorldCom, Adelphia and other telecommunications companies.

Bermudian insurer plans to reduce its Lloyd’s capacity by almost a third to £652mn. ACE, one of the largest capital providers in Lloyd’s, is considering reducing its 2003 capacity by almost £300mn to £652mn.