June 2004/2

Lloyd’s listed insurer Amlin received a boost last Thursday (17 May) as Moody’s upgraded its financial strength rating on Syndicate 2001 from A2 to A1.

A new property treaty reinsurance underwriting team has been formed at Lloyd’s insurer Wellington Underwriting, headed by former Beazley catastrophe, risk & aggregate excess of loss underwriter Will Curran.

The outlook for the 2002 year of account for Syndicates 587, 1084 and 1096 has improved significantly, according to the latest forecasts from Chaucer Holdings.

Last week’s Momart warehouse fire could cost fine art insurers more than £20-30mn in claims, Insider Week can reveal.

Lloyd’s specialist insurer Hardy has announced the appointment of George Doughty as underwriter for political risks, a class of business it has not provided until now.