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October 2002/1

  • Lloyd’s Members Agency remains hopeful that its innovative Fund will attract sufficient support as syndicates wait in the sidelines Lloyd's members' agent SOC Group extended the deadline for raising funds on its new investment fund yet remains confiden
  • Retro expert BF Caudle’s future was strengthened last month by a £30mn injection into its capacity provider Advent Capital Holdings Ltd by Fairfax and Zenith, but the Lloyd’s insurer is still reducing its 2003 underwriting.
  • Estimates for the forecast results of Lloyd’s syndicates in the 10th quarter of the 2000 underwriting year have shown few significant deviations from expected results. Only 12 out of 130 results have shown any increase over estimates on the 9th quarter, b
  • Neil Strong joins Willis after a hellish summer defending Aon’s practices in placing John Charman’s whole account reinsurance programme
  • Royal & Sun Alliance, the embattled UK insurer currently looking for a long-term replacement to its former chief executive Bob Mendelsohn, needs up to £2.4bn to shore up its capital base.
  • John Murphy, the underwriter of Abacus’ Syndicate 2525, is to form a new operation with rival managing agency Brit.