March 2005/3

Hard market harvesters look to the future, while others held back by past Amlin 2001 reports record combined ratio Beazley sees good conditions, prepares for downturn Catlin grows with record premium and profit GoshawK posts better results Lega

Aspen profits up AWAC positive result despite storms IPCRe hurricane losses grow Platinum profits down Quanta makes maiden year loss

Names action group joins queue to sue directors of HIH-owned Lloyd's insurer Litigation embroiling now-defunct corporate vehicle Cotesworth Capital continues to snowball, with a claim being served earlier this month against former directors, auditors a

The widening scope of schemes of arrangement was extended further last month as a Canadian court upheld its approval of a scheme promoted by run-off manager Cavell, despite last minute attempts to derail the process by Canadian policyholders.

Reinsurers seek to avoid liability on WTC claim The legal repercussions of the 9/11 Twin Towers attack continue to resonate - with a dispute appearing in court this month between Aon subsidiary Combined Insurance Company of America and its reinsurers o

Friction between Manning Williams Ltd founder John Manning and co-director Colin Spreckley contributed to the decline of the Lloyd's broker, according to the director's report to the creditors meeting earlier this year. On 9 December 2004, the broker

Agency relationship is at the heart of the dispute London market underwriters and brokers remain at loggerheads over new proposals for charging broker commissions, The Insurance Insider understands, with negotiations set to reach a critical stage in co

Benfield thought to be leading the pack as they announce strategy to expand primary operations Benfield Group Ltd is in talks with the former Jardine Lloyd Thompson Group Plc chief executive Steve McGill to drive the reinsurance broker's expansion into

City grandee Michael Spencer has joined the board of London market start-up Oxygen Holdings plc, The Insurance Insider can reveal. Spencer, one of the wealthiest men in the City through the success of his company ICAP plc, became a non-executive direct

Lloyd’s has settled its £500mn Central Fund dispute with its six reinsurers, following the second phase of its arbitration tribunal, for a total of £152mn. The agreement follows the damaging arbitration decision in the first phase of the tribunal which

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

Until Enron changed the rules, AIG's habit of revealing unrelentingly smooth earnings tailored to the needs of Wall Street was widely acknowledged to be unremarkable.