June 2005/4

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.

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

Interim judgement reveals Plumeri's involvement in legal controversy.

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.

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...

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