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  • The Association of British Insurers (ABI) has called on the UK government to take action on flood risk following this summer’s events.
  • Lloyd's announced last week that it is to return to the debt markets with a benchmark issue of between £300-500mn in Tier 1 perpetual subordinated debt.
  • The London contingency market, which routinely attracts publicity for covering outlandish risks such as prize indemnity and sporting non-events, has itself been washed out by that double whammy of too many claims and too much capacity. The latest departur
  • 2004 proved to be another difficult year for Lloyd’s insurer SVB as continued promise in the turnaround of its ongoing business was once again overshadowed by the legacy of its past.
  • Despite boosting asbestos reserves by £167mn, Lloyd's pre-1993 run-off vehicle Equitas heralded a year of progress which has left it in a stronger financial condition as it announced its financial results for the year ended 31 March 2005 early this month.
  • Bermuda-based Lloyd's insurer Hiscox Ltd will replace its $360mn sidecar Panther Re with a Lloyd's special purpose syndicate next year.
  • Ron Sandler has rejected a number of approaches from Lloyd's to take over as chairman of the Society when Lord Levene of Portsoken steps down next year, The Insurance Insider can reveal.
  • Following approval from the China Insurance Regulatory Commission, XL Capital Ltd has opened a representative office in Beijing, the company revealed on 30 January 2006. The company says the opening of the office demonstrates its commitment...
  • Lloyd's insurer Catlin has ended its long wait and gone public on the LSE. The IPO, London's second largest in 2004, raised £109mn ($200mn), with shares priced at 350p. This comes in at the bottom end of the 350-420p range predicted by Catlin in a 17 Marc
  • Argenta Private Capital Ltd has formally taken over the ongoing business of Anton Private Capital leaving only three remaining Lloyd’s members’ agencies.