October 2005/2

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

With a general consensus that the impact of Hurricanes Katrina and Rita on the (re)insurance sector will be “market-changing”, industry observers are beginning to comment on just how the underwriting cycle and rating environment might change.

The City of London police are conducting an investigation into allegations of fraud at Lloyd’s broker Besso Ltd after the company discovered irregularities in some client funds’ accounts, The Insurance Insider can reveal.