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June 2005/4

  • Although ratings agencies agree that a serious threat to Lloyd's stability from an Equitas collapse is unlikely in the short-term, recent rumblings in response to possible asbestos reforms in the US have once again highlighted the fragility of the...
  • MMC's wholesale arms Price Forbes and Crump are likely to be the only significant units spun-out of the broking giant, the company confirmed this month.
  • After protracted negotiations, the stakes are being raised in the dispute over the requirement for non-US, or alien reinsurers, to stump up onerous collateral payments for business written in the states.
  • Jeremy Pinchin, the head of Reinsurance and Claims at the Society and a senior member of the Franchise Performance directorate, has resigned from Lloyd's.
  • Imagine Group is set to expand its London market interests with the acquisition of another Lloyd's insurer...
  • A second senior executive at Berkshire Hathaway's reinsurance subsidiary General Re pleaded guilty this month to charges of criminal conspiracy brought in relation to the company's transaction with American International Group (AIG).
  • Litigants in Aon 77, the long running energy reinsurance dispute, have been granted leave to appeal, The Insurance Insider has learned.
  • Lloyd's is to consider raising the Central Fund levy to replace the £323.8mn deficit caused by the recent, modest settlement with its reinsurers, The Insurance Insider can reveal.
  • The Lloyd's insurer SVB Holdings Plc is now pinning its hopes on negotiating a reduction in its capital requirements, as it is as yet no closer to agreeing a ring-fencing arrangement that could protect it from its enervating US D&O and financial...
  • Interim judgement reveals Plumeri's involvement in legal controversy.
  • Brit Insurance Holdings has replaced Collins Stewart as its joint house broker and corporate adviser, only days after the stockbroking firm's chief executive became embroiled in a war of words with the Association of British Insurers (ABI).
  • Heath Lambert's chief executive Adrian Colosso strikes an unlikely pose as a latter day Karl Marx, but that may need to be rethought in the light of last month's developments at the UK headquartered firm.