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  • The London market consortium Global Aerospace Underwriting Managers is believed to have led the coverage on the American Airlines plane that crashed into New York on the 13 November.
  • German insurer Allianz blamed increasing business interruption claims as it increased its estimated net exposures to the WTC attacks.
  • CNA Financial Corporation has reported a third quarter net loss of $155mn. The group's net loss in the current quarter is due primarily to an estimated loss of $304mn after-tax ($468mn pretax), net of reinsurance, from the 11 September attacks and related
  • According to market sources, Aon placed a business travel lineslip into the London market which, in addition to covering employees while on corporate travel, had a terrorism rider extending coverage to all employees victim of a terrorism attack. Aon origi
  • Michael Carpenter, the former Managing Director of Limit, has led a buy-out of struggling Lloyd's insurer Alleghany Underwriting Ltd, in a deal struck by former Equitas architect Heidi Hutter. The buy-out, which ends Alleghany Corporation's involvement wi
  • According to a Lloyd's regulatory bulletin, the former chairman of broker Bannerman Slayden Cater Ltd Vincent Slayden was found guilty in absentia of “two charges of discreditable conduct” by a Lloyd's disciplinary tribunal after “failing to serve a defen
  • The gloves are off as WTC insurers argue the attacks were one event and Silverstein acts to prevent ACE and XL Capital from pursuing a London arbitration The anticipated frenzy of litigation took at step closer to reality after Silverstein, the leaseho
  • Every summer, four competing publications produce what they claim are the definitive guides on Lloyd’s syndicates’ performances. These guides - produced by the Association of Lloyd’s members, in association with AM Best; Chatset; Thomson and Moody’s -
  • Pressure to reveal gross losses builds as fears over reinsurance failure take hold in the London market In Hemingway's “The Sun Also Rises” the following exchange takes place: “How did you go bankrupt?” Bill asked. “Two ways,” Mike said. “Gradually and
  • In the weeks that followed the USA attacks The Insurance Insider published a daily e-mail update of events and information as they unfolded - an edited version follows......