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  • In the wake of the Market's endorsement of new standards, Ace and Brockbank lead underwriters demand improved broker performance on terms of credit. Others expected to follow suit… Forget all the talking up of rates over the twelve months. The most re
  • The embittered Jaffray Names vow (again) to continue their fight against Lloyd’s and ‘The Establishment’ and have set their sights to Europe for salvation, according to Marcus Scriven. A line has been drawn in the sand. It's the end of a chapter - a m
  • Floods, Floods Glorious Floods - Royal & Sun Alliance See A Silver Lining To All Those Rain Clouds One would think that the worst flooding to hit the UK for half a century would be a source of misery for Royal & Sun Alliance. After all it's Britain's s
  • The lack of standardisation, or perhaps the very individualism that Lloyd's is famous for, in the market anyway, has been highlighted by the recent acrimony caused by D J Newman's Syndicate 1218 when they issued Notices of Cancellation on every North Amer
  • Red faces at CGNU as Lloyd's burns the fingers of yet another corporate investor. Berkshire Hathaway is making quite a habit of helping CGNU shed the skins of its unwanted businesses, principally the property and casualty slough inherited from Commerc
  • Omega completes 529 acquisition Lloyd's managing agency Omega Underwriting Agents, who manage the non-marine Syndicate 958, are to takeover the business of troubled Syndicate 529, subject to final approval by the Lloyd’s regulators. This follows the
  • At last, the protracted sale of Lutine Life, the services company owned by five Life syndicates, is complete. St. Paul, owners of the managing agency controlling Life Syndicate 779, is paying £8mn. Each of the five member Syndicates (Chartwell 44, Wren 38
  • Oh, to be a recruitment consultant. The belief that rates are returning towards levels of probity and - more crucially - the corrosive effect of three years of masochistic underwriting is causing a profound shake-up. As the market jostles for starting pos
  • Unicover, the workers compensation debacle responsible for hundreds of millions of losses to a wide selection of brokers and reinsurance companies, continues to cause problems for those involved.
  • Laptop takes a look at investments at Lloyd’s and the recent trend of working capital cash calls, and argues for a review of procedures In closing the 1997 account on the 31st December 1999 Lloyd syndicates used £849mn of their premium income to boost