November 2002/1

The Lloyd's insurer plans to raise £150mn when it goes public on the 12 November Beazley, the Lloyd's insurer, has abandoned plans to form a Bermudian operation when the company goes public next week in a £150mn issue.

As Hannover Re expands rapidly, the reinsurer’s balance sheet looks increasingly taut Premium growth for the first six months of 2002 soared by 32 percent for Hannover Re, the world's 5th largest reinsurer. However instead of being a cause for celebra

Aon reports impressive 18 percent organic growth but cuts dividend, cancels Combined spin-off and reveals $500mn pension short-fall Aon's recent predilection for the dramatic continued last week when it revealed better than expected third quarter resu

London's rapid retreat from US Directors’ & Officers’ coverage has begun to look like total capitulation after the withdrawal of Faraday and the departure of a leading AIG underwriter within days of each other.

The feud between Aon and its Chicago rival Near North Insurance Brokerage reached a new intensity last month when Near North consolidated its allegations against Aon and some of its employers for civil conspiracy, cyber crimes and breaches of trade secret

The future of (re)insurer Sirius International is uncertain after its parent revealed its 2002 earnings will be less than expected.

Further woes for troubled insurer as SEC investigation follows class action suits CIGNA, the distressed US employee benefits giant currently defending class action suits over alleged violations of the Securities Exchange Act, is now being investigated

Laptop examines an under-used section of the Lloyd’s Act that could give capital providers redress against mismanagement and negligence

The future of Trenwick's Lloyd's operations was given a boost by the news that Berkshire Hathaway will increase its support for the 2003 year.

R&SA and Syndicate 45 sued by T&N; Hartford sued by Western MacArthur; and Chubb takes $625mn hit as claimants target non-product liability coverage.

In a further development in the legacy of Fortress Re, Deloitte & Touche, the auditors of their Bermudian registered reinsurer Carolina Re, are attempting to prevent the liquidators from deposing five of their staff, including two based in Bermuda.

Former QBE underwriter joins the mysterious Lloyd’s based MGA RISK Andrew Lothian, the former QBE underwriter who was considering launching a start-up operation with his former colleague Bob Grant, is to join RISK, the Lloyd's based managing agency he