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  • Single occurrence victory in WTC and strong 1H 2002 performance overshadowed by loss of triple A rating
  • Days before Lloyd’s is due to publish its 2004 Global financial results, ratings agency Moody’s has predicted that Lloyd’s is likely to produce a profit of £1.2bn – the equivalent of 9 percent of capacity – this year.
  • WTC leaseholder Silverstein Properties and insurers led by reinsurance giant Swiss Re are litigating over which contractual wordings the various parties used in placing the building’s insurance cover.
  • Aon Ltd is poised to end a prolonged period of shared leadership in its London-based Financial Services Group by drafting in a Bermuda-based executive to head up the division.
  • The UK Government may be sued by embittered Lloyd's Names, following a European Parliament report that condemned the Government for its failure to regulate the Lloyd's market.
  • The heavy-hitting private equity investors in Bermudian and London insurers will watch Endurance's planned $250mn initial public offering on 28 February with great interest. Endurance Specialty Holdings, formed in the post 9/11 capacity crunch with $1.
  • Broking giant Aon has launched a new UK and Europe surety and guarantee unit.
  • London wholesaler Glencairn - now part of Willis' Faber & Dumas operation - is launching a new energy division headed by Alan Brooks.
  • Former Wellington Underwriting CEO Preben Prebensen is leaving Catlin Group to head up UK merchant bank Close Brothers plc at the end of February.
  • Randall & Quilter Group Investment Holdings Ltd (R&Q), the UK based acquirer of run-off businesses, confirmed last week that it had acquired its fifth run-off (re)insurer this year with the purchase of Ancon Insurance.