May 2004/2

UK motor insurer Highway Insurance Holdings Plc saw its share price fall almost 10 percent from 38.75p to 35.25p after revealing that it had withdrawn from takeover talks with rival Cox Insurance Holdings Plc.

Lloyd’s syndicates are to be governed by the same rules as UK general insurers according to the latest recommendations published by the Financial Services Authority (FSA).

UK insurers may be in line for claims payouts after flash floods hit London and parts of the West Midlands and Yorkshire on Tuesday (27 April, 2004).

Partner Re has appointed Thomas Renggli, the former head of Swiss Re’s insurance marketing, central Europe, as the head of Global Finite Reinsurance.

Nigel Malcolm has joined Chaucer Syndicates to underwrite the institutional healthcare account for Chaucer Syndicate 1084 Specialist Lines Division.

Lloyd's and other insurers released from two-event scenario; Swiss Re bound by WilProp; other insurers not bound by one-event wordings; further trial to follow

(Re)insurers surge ahead on hard market swell Bermuda’s (re)insurers got off to a positive 2004 first quarter with the majority posting results in line or above expectations.

Heath Lambert Group has appointed Ian McMullan as director of Heath Lambert Financial and Professional Risks.

An 83 percent leap in pre-tax profits helped propel Lloyd’s insurer Atrium into a strong showing for the 2003 year of account.

Bermudian giant XL Capital Ltd will part company with Nick Metcalf, the chief executive of its Lloyd’s arm XL London Market Ltd.

Fast expanding Hyperion Insurance Group, owner of London market broker Howden Insurance Brokers, has bought a stake in the reinsurance specialist, JK Buckenham Ltd for an undisclosed sum.

Quoted Lloyd’s insurer SVB has bolstered its claims management with the appointment of Jonathan Boyns into the newly created role of group claims director.