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March 2012/1

  • Unsurprisingly in such a heavy year for cat losses, The Insurance Insider Data Room's composite of publicly quoted Lloyd's underwriters lost money in 2011. The Insurance Insider has a comprehensive analysis of the quoted Lloyd's sector
  • Closing results for 2009 from non-aligned Lloyd's syndicates have come in ahead of forecasts, with top performer QBE Syndicate 386 reporting a 43.1 percent profit on capacity
  • Warren Buffett once quipped that it is only when the tide goes out that we are able to see who is swimming naked, and perhaps there was an element of this in underwriters' 2011 results
  • Lloyd's may still salvage an underlying 2011 profit excluding the effect of Syndicate 1880, analysis of publicly available data by The Insurance Insider suggests
  • Two of the market's most influential figures have outlined markedly different stances over a proposed new claims project
  • Brit Insurance reported its lowest expense ratio in five years for 2011 as the cost-cutting measures that have intensified since its £880mn buy-out by private equity duo Apollo-CVC last spring bore fruit
  • While some London underwriters were able to lean on their diversified underwriting model to help smooth results, strain in the financial markets meant that investment income was not able to ride to the rescue and offset underwriting losses.
  • Following the release of its full-year results on 1 March, Lloyd's (re)insurer Hardy has commenced first-round due diligence with the six to eight names still interested in the business, The Insurance Insider has learned
  • US and international specialty insurer Navigators' launch of a new wholesale business unit is the latest example of a more positive sentiment emerging in the excess and surplus lines (E&S) market
  • Ariel Holdings is in no hurry to sell off its successful Lloyd's business Atrium, despite the divestiture of most of its operations, The Insurance Insider understands
  • Investment bank Goldman Sachs was able to agree a deal to acquire the Bermudian operations of Ariel Re based on less than book value, The Insurance Insider has learned
  • US rates still rising; Rainbow alliance; S&P: Thai $18bn estimate; Adeus Lloyd's