July 2007/3

Lloyd's is understood to have taken a sizeable hit on its Central Fund dispute last month after settling with Benfield Group and Aon Ltd, but will be relieved the long-running dispute is over.

Andrew Carrier, active underwriter of Kiln Ltd’s catastrophe Syndicate 557 and the reinsurance division of its Syndicate 510, has quit the Lloyd’s insurer.

US insurer State Farm placed what is believed to be the largest ever cat programme...

Directors and related parties of a number of London market companies bought shares in the lead-up to the closed trading period ahead of interim results, despite the fall in specialty insurance stocks in June.

Although the publication of the draft Solvency II directive for European regulation on 10 July dealt no real surprises to the insurance community, there are still many compliance challenges ahead.

Canopius has become the latest Lloyd's insurer to reveal plans to reduce its capacity limit next year, following recent announcements from Hiscox plc and Kiln plc.

Proposed start-up Leinster Group Ltd has refused to acknowledge defeat following the Society's rejection of its application.

Despite recently announced capital management plans, investors are continuing to undervalue the UK non-life insurance sector, according to analysts at Numis Securities.

Lloyd's CEO Richard Ward has warned the London market that the "pace of change" on business processes remains too slow and reiterated his willingness to mandate action if necessary.

Electronic trading platform RI3K is in advanced talks with rival outsourcing firms Capita and Xchanging over partnering to build an integrated bureau facility for Bermuda’s (re)insurance market, The Insurance Insider can reveal.

Farmers’ landmark $500mn transaction likely to spur new initiatives…

The heads of the GCFac team that defected to rival Integro Ltd in April have won a UK Court of Appeal judgment preventing former employer Guy Carpenter from suing them in New York.