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  • Lloyd's last week announced record profits of £1,892mn on the back of a benign loss environment and high premiums. The profits, recorded on a pro-forma annual accounting basis, represent a 127 percent increase on 2002's figure of £834mn.
  • As another uneventful reporting season closes the industry continues to sit back and stare at the golden horizon of the long anticipated market recovery Now that another reporting period for the insurers has come and gone it’s always useful to glance
  • Despite a disturbing lack of debate, Lloyd's involvement in the Cox rescue package is a victory for common sense and pragmatism, says The Insider Despite setting an extraordinary precedent, Lloyd's ring-fencing of loss-struck insurer Cox Insurance is r
  • Flashpoint’s sister company British International Group claims to be a victim of forged Far East binders. In an exclusive investigation, The Insurance Insider investigates David Forrest’s unhappy involvement with the murky world of insurance con-men and c
  • GoshawK's Syndicate 102 has been placed in run-off following discussions with Lloyd's and the Financial Services Authority.
  • Followers of US tort reform developments were teased last week with the prospect of a real breakthrough, as Republican Senator Bill Frist stepped in to rescue stalling asbestos talks, negotiating a new deal between insurers and industrial defendants over
  • Cigna - hiding the truth? Cigna continues to claim that its exposure to Unicover and workers' compensation reinsurance is minor. But evidence in London would suggest the contrary. Stirling Cooke Brown - litigation continues to hurt. Blanch - US bro
  • Employers Re (ERC), the world’s fourth largest reinsurer, was effectively downgraded from A+ to A (Excellent) last week as AM Best revised ratings following a first time assessment of the firm as a standalone entity, separated from the influence of its ow
  • One of the biggest problems facing companies operating e-commerce sites on the web is the ability to handle the anticipated volume of on-line trades both rapidly and securely. A recent report indicated that up to eight out of ten internet trades are...
  • On August 14, Reliance Group Holdings announced a second quarter loss of $504.5mn, reducing the company’s reported shareholders’ equity to $455mn (down from $1.03bn at year end). As of June 30, 2000, Reliance Group had $735.1mn of debt, including $237.5mn