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...

In its recent global annual report and accounts, world's oldest insurance market Lloyd's published a £1.19bn profit for the 2002 year of account based on the three-year accounting method, earned on net premiums of £7.6bn and boosted by £510mn gross...

Just days after leading Lloyd's investor Rostrum Group announced it would cut loose its interests in Lloyd's quoted insurance stocks, citing a failure to foster consolidation among the companies, news broke that Amlin plc was in talks with fellow...

Litigants in Aon 77, the long running energy reinsurance dispute, have been granted leave to appeal, The Insurance Insider has learned.

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.

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

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.

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.

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

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...

Despite boosting asbestos reserves by £167mn, Lloyd's pre-1993 run-off vehicle Equitas heralded a year of progress which has left it in a stronger financial condition as it announced its financial results for the year ended 31 March 2005 early this month.

Leading (re)insurance brokers Willis and Guy Carpenter both released reports praising recent progress at Lloyd's in what was a challenging year for the industry.

Insurer AIG continued to feel the full force of US regulators' ire this month with further fallout from recent investigations into its use of finite reinsurance.

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).

Interim judgement reveals Plumeri's involvement in legal controversy.

The Insurance Insider provides full analysis of CBS's ambitious plans to set up a collective Lloyd's investment fund. Can it work where others have failed?

Imagine Group is set to expand its London market interests with the acquisition of another Lloyd's insurer...

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).

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.