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  • Gross results demonstrate sectors dependence on cheap reinsurance, and highlight concerns over expected recovery in the light of continuing stiff competition. Personal Accident: "An insurance policy which, in return for regular premiums, pays a specif
  • CNA Financial Corporation became the latest insurance Group to exit reinsurance last week when revealing that it has sold the renewal rights, together with much of its under-performing reinsurance book, to Folksamerica Reinsurance Company, a unit of Bermu
  • Potential ‘spiral’ exposures force Willis to join SCB in fighting Odyssey Re's claims Recently floated broker Willis has made a late application to join Stirling Cooke Brown in fighting allegations that the broker deliberately conspired to place under
  • CNA Financial Corporation became the latest insurance Group to exit reinsurance when revealing that it has sold the renewal rights, together with much of its under-performing reinsurance book, to Folksamerica Reinsurance Company, a unit of Bermudian based
  • CIGNA’s disastrous reinsurance product VADBEs – which provided reinsurance protection to insurers writing variable annuity death benefits during the late nineties – continues to haunt the insurer.
  • CNA's commitment to the London Market appears shaky as the loss struck Group puts its London reinsurer up for sale and relocates centre of expertise to Zurich CNA Re's restructuring and proposed sale of London Market subsidiary CNA Reinsurance Company
  • With Independent’s spectacular fall from grace and the continuing controversy over Equitable Life, the industry is yet again in parliamentarian’s bad books. As a consolation, Marcus Scriven traces some of the happier relationships Lloyd’s and insurers hav
  • English can often be misleading, so we have rustled up a guide to aid understanding to the minefiled of Lloyd's business jargon. This month it's the opaque business desription:
  • Proposed spin-off troubled by disputed workers’ compensation carve out losses Zurich Financial Services’ ability to spin-off its reinsurance division will depend upon persuading investors that a series of losses, including ongoing exposures arising fro
  • Roger Foord has mixed views on the current changes... The Lloyd's and London insurance market has in the past twelve months suddenly developed a 'latent wake up call' to the point of serious self criticism as even the chairman of Lloyd's has felt compe