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Counting the Klaus cost
Upper estimates of insured losses from Windstorm Klaus, which swept across southern France and northern Spain on 23-24 January leaving a trail of destruction, are as high as EUR2.5bn for each country...
04 February 2009
Run-off liabilities managed down
The Association of Run-Off Companies (ARC) and KPMG published their latest annual survey into the UK non-life insurance run-off sector earlier this month revealing a fall in total liabilities, driven by Equitas’ continued successes in shedding...
12 September 2005
D-Day for Groupama to avert S&P downgrade
French mutual insurer Groupama faces a further downgrade of up to two notches tomorrow (23 September) by Standard & Poor's (S&P), unless it demonstrates it has acted strongly to ease the ratings agency's concerns over its capital adequacy.
23 September 2011
Swine flu tail risk for contingency market
The London contingency market is facing a lingering exposure to event cancellation due to the swine flu pandemic.
13 July 2009
Chaucer sees continued opportunities for Lloyd's turnkey operations
Lloyd's managing agent Chaucer said it is confident of a continued pipeline of new business for its Lloyd's turnkey operations, following the news that Antares Syndicate 1274 is to fly the nest.
28 August 2009
Calling in the cash - Laptop scrutinises the cash call system as Lloyd’s managing agents send out their latest demands
It has become customary to add to the woes of syndicate members by declaring losses not only when an account is due to close after 36 months; but also at quarterly intervals at any point in the normal three-year life of an account, or thereafter during th
01 February 2003
Financial fall-out could now cost $16bn: Swiss Re
The industry's total losses from sub-prime, credit crisis and liquidity related litigation could reach $16bn, according to a senior Swiss Re claims manager.
23 March 2009
US shareholders settlements continue to climb following WorldCom deal
Despite being at an all-time high, US shareholder class action settlements are continuing to rise because of the impact of the mega WorldCom and Enron cases which are setting new standards for shareholder compensation.
25 July 2005
Lloyd’s hints at strategic vision with three year plan
Lloyd’s heavyweights chose November to hint at a three-year plan which the Society will look to implement from next year. In a lecture, Chairman Lord Levene talked of the tasks ahead and said: “Nick [Prettejohn, Lloyd’s retiring CEO] and his team...
08 December 2005
Securities class actions surge again
July saw a marked increase in US securities suits filings, suggesting that the sharp drop in activity in the second quarter may have been merely a temporary reprieve for D&O/E&O insurers.
11 August 2009
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