October 2003/1

After a failed final attempt at mediation, the sides in the controversial Aon 77 dispute are readying their corners ahead of a UK High Court trial, due to begin on 27 October in Court Room 22. The trial is scheduled to last for 10-12 weeks, with a Christm

CNA Financial Corporation became the latest insurance Group to exit reinsurance when revealing that it has sold the renewal rights, together with much of its under-performing reinsurance book, to Folksamerica Reinsurance Company, a unit of Bermudian based

October was another eventful month for beleaguered Lloyd's insurer GoshawK, yet its future looks no less certain. Chief executive Chris Fagan denied suggestions that the management were considering a buy-out - telling The Insider “there is no truth in

ACE's Syndicate 2488 underwriter Andrew Kendrick has been promoted to the role of president and chief executive officer of ACE Bermuda, replacing the current incumbent Mark Herman. Currently president of ACE Global Markets and a director of ACE INA UK

Lloyd's personal accident market is braced for claims relating to the 3 October mauling of Roy Horn, one half of the stage act Siegfried & Roy, by a white tiger at the Mirage hotel, Las Vegas.

The switch to one year accounting has presented analysts of publicly quoted companies (Integrated Lloyd's Vehicles, ILVs) at Lloyd's with a problem of measuring the investment performance of those companies. Under the unique three year system of accountin

Embattled UK insurer Royal & Sun Alliance breathed a corporate sigh of relief this month after its £1bn rights issue went through with 92 percent of the 1.3bn new shares subscribed for by existing shareholders at 70p each. Although heavily discounted

Controversial compulsory buyouts of Names on Lloyd's Syndicates look set to hit the headlines once again after a 3 October Court of Appeals hearing permitted a claim for Judicial Review against Lloyd's to proceed - a process that could challenge the Socie

'Unreliable' evidence of veteran Lloyd’s underwriter ends accusations of negligence Coutts, the royal bankers, has been exonerated in a legal battle about whether it should have told a Lloyd's syndicate that its managing agents had not opened an Indepe

Reinsurance spin-off Aspen Re is set to raise around $200mn if its NYSE IPO proceeds to plan next year, according to sources. Aspen Re, which specialises in property and casualty reinsurance in the UK, the US and Bermuda, has been seen as a prime IPO

Lloyd's insurer Omega Underwriting Agents was forced to scale back its 2004 expansion plans following the failure of some members agents to fully support its ambitions. Nevertheless, the manager of Syndicate 958 will still expand its 2004 capacity by