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  • Montpelier maintains momentum with $450mn funding
    Bermudian post 9/11 start-up Montpelier Re has tied up a $450mn funding arrangement to support its letter of credit needs.
    07 July 2003
  • Trenwick withdraws from aviation as MBO imminent
    Trenwick Managing Agency announced last week that it had stopped writing aviation business “with immediate effect”. The firm, which is set to announce a management buyout from its distressed parent Trenwick International later this week, explained in a ma
    07 July 2003
  • Marsh conducting due diligence into HLF
    A Marsh takeover of UK broker HLF Group has taken a step closer to reality as Insider Week can reveal that the world’s largest insurance broker has begun due diligence proceedings.
    07 July 2003
  • HIH criminal probes begin
    Despite the relatively benign report by Royal Commissioner Justice Neville Owen into the A$5.3bn collapse of HIH, Australia’s prosecutors are lining up some of the key protagonists for criminal prosecutions over the debacle.
    07 July 2003
  • Blow for airline passengers as DVT ruling upheld
    Victims of deep vein thrombosis (DVT) lost a landmark appeal last Thursday as a December 2002 High Court ruling was upheld, preventing claimants from suing airlines for compensation.
    07 July 2003
  • SCOR dismayed by S&P downgrade
    SCOR has responded with dismay after ratings agency S&P downgraded its financial strength rating below the critical A- level last week.
    07 July 2003
  • Axco upbeat on London Market
    Insurance information service provider Axco has offered an upbeat assessment in its inaugural report on the London Market.
    07 July 2003
  • GoshawK open for offers
    Advisors appointed to discuss "strategic options" which include a possible sale; concerns over reserve adequacies; space shuttle loss and The Accident Group; future of Syndicate 102 in doubt; share price falls by 40 percent
    07 July 2003
  • Insurers cheered by Wall Street victories
    Industry give cautious welcome to US Court decisions which reign in excesses of the Wall Street litigation; $1bn settlement removes 309 IPO companies from “laddering” litigation Insurers exposed to the myriad of US shareholder class action suits were
    01 July 2003
  • Illium applies to form Lloyd's Syndicate
    Start-up changes advisers while debating merits of Lloyd's over company Illium Insurance, the proposed UK liability start-up headed by respected ex Limit stalwart Denis Burniston and Russell Benzies, has applied to form a new Lloyd's Syndicate to begi
    01 July 2003
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