November 2004/1

Evidence suggests the cumulative effect of the US storms may reach $30bn Foresight is something the global reinsurance industry would love to possess but, in the absence of catastrophe astrologers, it has to rely on more conventional methods, such as c

David Schiff looks at financial strength... Insurance stocks are not as richly priced as they were in 1998, when investors and insurance-company CEOs alike seemed to believe that an insurance-company charter guaranteed a fifteen-percent return on equit

Lloyd's announced on 10 November that it had successfully set terms for its £500mn subordinated debt issue after an extensive road show that took it to investors in the UK and continental Europe.

Lloyd's insurer Beazley announced a £105mn Rights Issue on 1 November with the lion's share directed to support the additional risk-based capital requirement fuelled by its increased participation on its Lloyd's Syndicates for the 2005 year. The insure

As third quarter results filter through from US and Bermudian property casualty (re)insurers, the full impact of the season's quartet of hurricanes is becoming clearer, with interim results hit hard across the board. Hurricanes Charley, Frances, Ivan a

Marsh UK sacking 'tip of the iceberg'? Last year, UK Broker Heath Lambert lost a lucrative reinsurance account with the Australian Federal government after it admitted receiving "unauthorized commissions". It was an offence apparently similar to th

SEC and Department of Justice launch separate, renewed investigations into PNC and Brightpoint transactions; PR firm slammed for 'Talking Heads' ruse... Fresh from fending off accusations of PSA-related bid-rigging and fraud, world's largest insurer AI

In our regular monthly News Digest, we round up key stories from the last month, presenting them to you in easily digestable snippets.

In our regular monthly News Digest, we round up key stories from the last month, presenting them to you in easily digestable snippets.

Regulators' probes extend to yet more established methods; MMC's actions may prove decisive in preserving status When Kelvin Mackenzie, the legendary head of Rupert Murdoch's tabloid The Sun, sacked the newspaper's astrologer after he was accused of "r

Spectrum talks break down, BRIT in the frame After publicly stating dissatisfaction with the performance of personal lines business at its Lloyd's operation, The Insurance Insider understands that giant US insurer St Paul Travelers has been talking wit

Lloyd's insurer Kiln has reversed plans to withdraw its full participation on property catastrophe reinsurance Syndicate 557 following negotiations with Members' Agents. The Syndicate, which is de-empting for 2005 by nine percent on its 2004 stamp capa