June 2004/1

But Kinnect CEO is upbeat on the venture’s longterm prospects... Business process reform in the Lloyd's market is still at a rudimentary stage and the situation is unlikely to improve within the next two to three years, the Franchise Board's Franchise

London market insurers are facing a series of claims from insuring US bail bond firms, The Insurance Insider can reveal. One of the worst culprits appears to be the Capital Bonding Corporation, a Pennsylvania based firm whose principals have been sudd

Management controlled motor insurer Zenith will have to disclose documents to former owner XL London justifying its controversial reserving on Syndicate 2002, which saw the new owners benefit from a £23.5mn release from reserves months after the sale.

In contrast to barnstorming Q1 results for US and Bermudian (re)insurers, European carriers enjoy a mixed first quarter with some showing a more subdued uplift from hard market conditions

Equitas announced its annual results for the year ended 31 March 2004 on 8 June, revealing a £296mn increase in gross discounted reserves for asbestos claims. Accumulated surplus after tax fell £67mn from £527mn to £460mn, but the reinsurer's solvency