May 2004/1

Berkshire Hathaway backed insurer plans listing with veteran figure as chairman. Michael Wade, the founder and chief executive of Lloyd's investment vehicle Rostrum, is set to renew his association with former colleague James Stuart by becoming the non

Earlier in the day, Lloyd's CEO Nick Prettejohn had warned the audience of the market's need to change its behaviour in 2004 if it wished to avoid excessive swings in the cycle. He said 2004 was "a year of choice", in which insurers were "skirmishing w

Global premium slumps amid rumours of price undercutting Despite public proclamations by leading underwriting figures that all's well in the Aviation Hull War market, evidence suggests that rates are plummeting faster than most are prepared to admit, w

Marsh paid downsizing broker HLF Group $53mn for its Australian and New Zealand operations, the latest Securities and Exchange filings of MMC reveal. Marsh's swoop for HLF's Oceanic arm in March 2004 was the latest asset sale by the London headquartere

Swiss Re, Lloyd's and other insurers released from 'two-event' scenario; minority insurers not bound by WilProp "one-event" wordings; further trial to decide their exposures Insurers the world over breathed a sigh of relief last month when jurors in th

Insurance litigation enthusiasts were treated to the spectacle of another case management conference (CMC) last month to determine timetables for unfinished business relating to film finance exposures. The CMC, held in Court 21 of London's Royal Courts

On the back of strong reserve building in recent years, the short-fall in US property & casualty reserves has declined to circa $80bn estimates industry analysts Morgan Stanley.

Controversial insurer CIC has become embroiled in a fresh scandal relating to an alleged US multimillion dollar employee health care fraud involving participants from both sides of the Atlantic. Last month, Federal Bureau of Investigation officers swoo

The benefits of change was a hot topic of discussion last month when leading London based figures got together to debate whether the Market’s entrepreneurialism has anything to fear from the various reform initiatives and regulators in the guise of the F

Despite continuing strong results throughout the Bermudian/US property casualty (p/c) sector, recent pronouncements from insurance stock analysts offer a rather mixed message on investment prospects for the next few years. Morgan Stanley's team of US i

Improvements in technology, cycles and consolidation, and increased corporate governance are the three major trends facing the insurance industry, CEO and chairman of broker Willis Joe Plumeri has said. Speaking at a 10 May conference in Lloyd's Old Li

The Insurance Insider analyses the first quarter results from the US and Bermudian carriers... ACE reported an increase in net income to $447mn, compared with $247mn for the same period in 2003. Premiums written rose 11 percent to $3.2bn, helped by