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May 2000/1

  • Little good news to report, as rates remain sluggish and losses deepen, reports Bevis Marks March and April are the months when the traditional marine insurance market pauses to take stock of itself. The end of year season for hulls is over; the Clubs
  • Studies have shown that up to 25% of office staff can be considerably affected by electro magnetic fields that emanate from work-place equipment such as computers to the extent that their working ability is seriously impaired. Of those employees a conside
  • After asbestosis is there a new disaster lurking around the corner? Electromagnetic fields (EMF’s) have been hyped as the cause of a myriad of diseases, from brain tumours to breast cancer, science has not proved conclusively that the persistent use of co
  • The end of the tax year often spurs directors into share dealing, and this year proved no exception. The most enthusiastic was Independent duo Michael Bright and Phil Condon, who entered the market three times in March buying at £2.32, £1.93 and £1.92 (cu
  • The Insurance Insider launches a new column looking at some of the market’s specialist insurance classes. Unmanned aerial vehicles (UAVs), or ‘Drones’, are at the cutting edge of technological development in aviation, military and commercial fields. A
  • Aegon’s results were in line with expectations.The Dutch insurer said that net income had increased by 26% to E1.57bn and that growth had benefited from last July’s acquisition of San Francisco based Transamerica. But insurance analysts were disappointed
  • The vast majority of the UK’s insurers have now reported their end of year results, and few of the announcements held many surprises. Broadly speaking, general conditions remain tough and life business is where the real growth is to be found.
  • The last scene of the great Lloyd's tragicomedy is being played out in the Commercial Court before Mr Justice Cresswell. 220 Names are seeking to avoid pursuit by Lloyd's for debt by suing the Society for fraudulent misrepresentation.
  • A new comprehensive survey has shown that world-wide kidnappings for ransom in 1999 reached a record peak. The number of reported world-wide kidnappings for ransom rose from the 1998 peak of 1,690 to 1,789 in 1999, a rise of 5.9%. 92% of those incident
  • The London Market has not been a happy hunting ground for US life reinsurers writing workers’ compensation or Australian Catastrophe reinsurers in the last few years. But at least they can take succour that it’s not all one-way traffic. The London market’
  • Former Lloyd's underwriter David Forrest has used his insurance savvy to promote Flashpoint to the premier league of film financing.But insurers retreat in the wake of market film losses - and the prospect of litigation - could cause problems. And not eve
  • Cigna - hiding the truth? Cigna continues to claim that its exposure to Unicover and workers' compensation reinsurance is minor. But evidence in London would suggest the contrary. Stirling Cooke Brown - litigation continues to hurt. Blanch - US bro
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