March 2003/1

Founder departs; but all is well, liability insurer insists The chief executive of the commercial liability insurer The Underwriter Insurance Company Ltd has parted company with the firm he helped form. Keith Rutter resigned from The Underwriter last

At 8:23 p.m on February 3, when AIG announced that it would take a $2.8 billion pretax charge ($1.8 billion after tax) to boost loss reserves, investors' perception of the company was radically altered. AIG had been venerated for its rapidly growing, pred

2002 will see profits at Lloyd’s return, perhaps as much as £1.5bn. Good news because in contrast 2000 will be another poor year when Lloyd’s unveils its official results later this month. Exclusive analysis from The Insider’s Laptop. It was a long tim

The Insurance Insider can confirm that space insurers have received six claims for constructive total loss amounting to more than $1.6bn as a result of Boeing telecommunications satellites found to have a shorter than expected lifespan. As revealed in

AXIS Capital has joined the growing list of Bermudian operators seeking to list on the New York Stock Exchange.

Insurers need to think more like brokers or derivative traders if they are to get away from the culture of underwriting losses, which has become engrained within significant parts of the industry. This was the message of US insurance analyst Alice Schr

Lloyd's Names are being asked to pay £75.00 to join an action group that will investigate the possibility of alleged mis-selling by Names' stop loss mutual Integer. The newly formed Stop Loss Recovery Group is canvassing Names who purchased stop loss i

Insurance stocks on both sides of the Atlantic wobbled on 10 March as investors nervously digested Warren Buffett's remarks in his annual letter to Berkshire shareholders. In contrast to his remarkably bullish comments on Berkshire Hathaway, he lashed

Participants anxiously await verdict in mammoth Sphere Drake/SCB “arbitrage” trial "There is no way that I can reach a judgement that will not result in the finding of the gravest dishonesty against someone. But so be it." This chilling phrase was

Disappointing 2002 results but if its disposals go to plan then UK giant should end 2003 far stronger than it began the year In a fortnight that saw relegation from the FTSE 100, a disappointing set of 2002 results and a higher than expected dividend