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  • Over 2000 policies have been issued from dubious insurer, despite warnings from The Insurance Insider last year, principally for employers’ liability. The UK regulator, the Financial Services Authority, (FSA) has warned the industry about CIC - the dub
  • For the first time the prospect of people power has emerged at Lloyd’s following the proposed merger of Sedgwick Oakwood with Hampden; and Christie Brockbank Shipton(CBS) with the Amlin Members’ Agency. There are now 17 syndicates trading at Lloyd’s wh
  • AIG throws blame onto financiers in the wake of Flashpoint Court of Appeal decision. We re-publish the release in full.
  • Sian Fisher became the second respected London market executive to announce a surprise resignation last week when she ended her 18-year relationship with Hiscox, a day after Lloyd’s finance director Andrew Moss resigned.
  • The WTC litigation took another turn earlier this month. Silverstein Properties Inc, The Port Authority and Westfield have filed two new complaints alleging the original trial judge failed to take into account a “mountain of evidence” in an earlier ruling
  • Lloyd's finance director Andrew Moss surprised observers on 29 January when he resigned to become the Group finance director of UK insurer Aviva plc.
  • Lloyd’s insurer will ask for shareholders’ approval before continuing to write controversial viatical schemes GoshawK, the quoted Lloyd’s insurer, has agreed to seek their shareholders’ approval before writing viatical insurance - the controversial pra
  • There were further signs of the opening of China’s (re)insurance market last week, as Benfield announced it had placed a $5bn reinsurance programme for the China Export & Credit Insurance Corporation and Liberty Mutual became the first foreign property ca
  • Bermuda-based (re)insurer XL Capital focussed on its forward strategy of improving credit ratings, leveraging its global position, and expanding product lines at its annual investor meeting held in New York last week.
  • English can often be misleading, so we have rustled up a guide to aid understanding to the minefield of Lloyd's business jargon. This month its the opaque business description “pecuniary loss”. Frustrated by being fed misinformation about the risks of