July 2004/1

In 2001, The Insurance Insider began writing about the US viatical industry. We were concerned that, despite all the allegations of fraud and malpractice, London Market insurers such as GoshawK were providing insurance cover to viatical firms. The down

And makes public data secret, suggests David Schiff... New York's insurance law requires insurance companies doing business in the state to file with their annual statement a supplement (Schedule G) that lists the names, titles, and compensation of emp

As senior insurance exectives worldwide pledge their commitment to underwriting discipline in the turning market, European insurers have been challenged to continue growing balance sheets over the next few years through sustained profitable growth. In

As the Federal Reserve hikes interest rates in the US, so the impact is filtering through to property casualty insurance stocks, according to research from equity analysts at investment bank Morgan Stanley. With US 10-year interest rates rising from 3.

Benign loss conditions in the US property casualty sector continued into the second quarter as insurers are expected to payout just $1.65bn in catastrophe claims - the lowest figure for the quarter since 2000. According to figures from research firm IS

Large-scale consolidation may be required if Willis is to continue its remarkable progress, but dangers lurk... Building grandiose new headquarters as a testament to corporate success can be a risky business in London insurance circles. Stephen Merrett

Echoes of Imperial Consolidated as investment fund namechecks Lloyd’s broker... A "too-good-to-be-true" scheme paying out annual returns of 10.5 per cent "guaranteed via Lloyds of London" is being offered by a British Virgin Islands registered company.

Willis has dismissed the employee responsible for managing Pender, the captive turned insurance company of telecoms giant Cable & Wireless, collapsing under the weight of a series of controversial claims. The world's third largest broker provided manag

Voices of discontent in London’s Workers' Compensation catastrophe reinsurance market are raising fearsus concerns over ill-discipline and increased competition from Lloyd's delegated underwriting agreements that threaten to send rates tumbling. Accord

In our regular monthly News Digest, we round up key stories from the last month, presenting them to you in easily digestable snippets.

Investigation by The Insurance Insider cited in FSA writ... The Financial Services Authority (FSA) is taking Hogarth Underwriting and its founder Billy Dewsall to court for their part in placing business with CIC, the unrated, off-shore insurance compa

Warren Buffett is backing a newly created company Capital Insurance Holdings to become a dominant force in the quoted Lloyd's sector... The Lloyd's insurance sector faces an unprecedented bout of consolidation fever, if Berkshire Hathaway's strategy to