July 2003/1

Lloyd’s insurers are continuing to expand suggesting 2004 capacity will exceed £15bn Lloyd’s capacity should breach the £15bn barrier next year as managing agents continue expanding their capital bases to take advantage of the ripe trading conditions.

Start-up changes advisers while debating merits of Lloyd's over company Illium Insurance, the proposed UK liability start-up headed by respected ex Limit stalwart Denis Burniston and Russell Benzies, has applied to form a new Lloyd's Syndicate to begi

James Truscott has left Euclidian Group, the Lloyd's insurer he co-founded with James Stuart in 1994. Although currently the Group's executive chairman, Truscott has been away from the office for much of the year and, according to sources close to the

Lloyd's insurer negotiating with new advisers to rekindle postponed fund The Lloyd's based UK insurer Creechurch is considering a second attempt at a London IPO later this year, less than two months after withdrawing a planned £75mn AIM offer with sto

Damning judgment involving "grave dishonesty" and "corruption of standards" In one of the industry's most eagerly awaited judgments in modern times, Sphere Drake has avoided over $250mn of exposures after broker Stirling Cooke Brown was lambasted by a