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  • 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...
  • 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...
  • 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.
  • The London contingency market is facing a lingering exposure to event cancellation due to the swine flu pandemic.
  • 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.
  • 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
  • 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.
  • 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.
  • 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...
  • 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.