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Zenith must account to XL for controversial
Management controlled motor insurer Zenith will have to disclose documents to former owner XL London justifying its controversial reserving on Syndicate 2002, which saw the new owners benefit from a £23.5mn release from reserves months after the sale.
01 June 2004
Lloyd’s Central Fund trial set for January 2008
A trial date of January 2008 has been set to hear Lloyd’s case against Benfield and Aon, the two brokers who placed the £500mn Central Fund insurance contract that failed to engage following an arbitration decision last year.
18 December 2006
Does London need a trading hub? Have your say...
Our 2006 London Market survey continues to provide interesting feedback on the structure of the market, the demise of Kinnect, the rise of the "gang of six" and the possible solutions available to improve efficiencies in the market.
24 April 2006
Helix wins Legion run-off contract
Run-off specialist Helix UK Ltd has been appointed to administer the London Market portfolio of Legion Insurance Company, the programme manager and insurer which collapsed last year following the demise of its parent Mutual Risk Management.
22 November 2004
Beazley increases capacity with Santam acquisition
Beazley Group plc has increased its share of the capacity on its Lloyd’s syndicates to 81 percent with the acquisition of the corporate capital vehicle Santam Corporate Ltd.
02 January 2007
Gallagher Re appoints former Guy Carp managing director
Gallagher Re has swooped for former Guy Carpenter managing director John Pagliaccio to head up its Global Analytics team in the US.
07 November 2005
Validus Re wins A- rating from Fitch
Ratings agency Fitch assigned an A- insurer financial strength (IFS) rating to Validus Re last week.
17 May 2010
WTC trial begins
Although an appeal is inevitable, and settlement still a possibility, it is nevertheless conceivable that in the next two months we will know whether the 9/11 attacks on the World Trade Center amount to one insurable loss or two.
09 February 2004
AIMA becomes Starr Marine
The CV Starr & Co controlled managing agency American International Marine Agency of New York (AIMA) changed its name to Starr Marine Agency on 13 November.
20 November 2006
Enstar hit by weak Sterling; falls to $49mn loss
Enstar Group Ltd, the Bermudian-based run-off acquisition firm, has fallen to a nine-month operating loss of nearly $49mn after a bruising third quarter which saw the firm take a $29.8mn hit from the plummeting pound.
17 November 2008
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