November 2003/2

Bermudian insurer Allied World Assurance Holdings revealed its annual gross written premiums have breached the $1bn barrier in its second year of trading.

The share price of Lloyd’s insurer Wellington Underwriting is undervalued by at least 20 percent because it fails to take account of the imminent Aspen IPO, claims London stockbrokers Altium Capital.

Bermudian giant ACE has announced a solid set of third quarter results, returning earnings per share (EPS) of $1.04, almost double the same period last year and topping analysts’ projections by 2 cents.

If a potential mediation fails, then February 2004 has been scheduled for the start of the World Trade Center dispute between the leaseholder, Silverstein Properties Inc, and various insurers led by Swiss Re.

GoshawK's Syndicate 102 has been placed in run-off following discussions with Lloyd's and the Financial Services Authority.