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  • Continued poor forecasting adds to dismal performance of Syndicates In February 2000 Douglas Morton joined the Corporation of Lloyd's as Chief Analyst, reporting directly to Pat Hakong in the Market reporting and Solvency Department. His appointment ha
  • The long-running acrimony between California’s insurance regulators and the State Compensation Insurance Fund (SCIF) took a turn for the worse last week when the Fund filed a lawsuit against the newly elected Commissioner John Garamendi to prevent his “il
  • European reinsurers battered by storms. Eight sum insured losses of over US$1bn in 1999 have contributed to making the results of European reinsurance companies some of the worst ever. The year was notable for having the highest frequency of natural d
  • London’s company market insurers have expanded their underwriting exposures in the wake of the improved rating environment, according to figures released from the representative body, the International Underwriting Association.
  • The scope of blame over HIH widened last week as lawyers for the Australian Royal Commission began their summing up into the insurer's collapse, outlining more than 1,000 alleged breaches of the law. Senior HIH executives face possible criminal charges
  • The promotion of Donald Kanak as AIG’s joint vice chairman and co-chief operating officer has muddied the succession issue of Maurice “Hank” Greenberg, the septuagenarian patriarch of the world’s most valuable insurance company.
  • UK insurer Hiscox has seen its share price rise by almost five percent this morning (28 July) on the back of a bullish trading statement.
  • Marsh Inc’s new chief executive Brian Storms will spend much of the next month on the road as he travels across the globe to meet his business heads and rally the broking giant’s troops. The former Mercer Human Resource Consulting chief executive...
  • Pinault receives fine in return for immunity; Peyrelevade and five others left out in the cold
  • Besieged Bermudian reinsurer PXRE Group Ltd today (10 May) reported that it has lost two-thirds of its business following its recent troubles.