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  • Risk is being underestimated and ignored in boardrooms around the world, leaving many organisations in danger from unforeseen hazards, in an increasingly risk-filled world. That was the overwhelming message from a survey, “Taking Risk on Board”,...
  • Advent’s ‘future viability’ in doubt... Canadian holding company Fairfax has received another savaging at the hands of Morgan Keegan analysts John Gwynne and Matthew Cantrell. In a research note released on 10 October, the US based analysts...
  • Property catastrophe specialist IPC Holdings said last week that it is now expecting a loss within a range of $650mn to $750mn due to Katrina and Rita, currently the largest actual loss estimate figure issued by a Bermudian (re)insurer.
  • GoshawK is set to become the first corporate victim from Hurricane Katrina and Rita’s insurance losses when the UK quoted company confirmed this morning that it is likely to go into run-off. The insurer – which after the demise of its Lloyd’s...
  • GoshawK is set to become the first corporate insurance victim from 2005’s devastating hurricane season after the UK quoted company confirmed this morning (17 October) that it is likely to go into run-off. The insurer – which after the demise of its...
  • Professional Indemnity veteran Reg Brown has retired from the board of Lloyd’s insurer Kiln plc with immediate effect. In an announcement to the London Stock Exchange today, Kiln’s chairman Nick Cosh explained: “Some months ago Reg indicated his wish..
  • Although the industry has learnt the business lessons of the 9/11 terrorist attacks, only those companies that suffered actual loss of life in the tragedy have developed sufficient risk strategies, according to research released today (17 October).
  • In his capacity as Market Reform Group (MRG) chairman, Lloyd’s outgoing CEO Nick Prettejohn has written to the London market outlining the next practical steps to be taken toward achieving contract certainty.
  • A bullish stance on the insurance broking sector by analysts at Numis Securities fuelled a price hike in the shares of brokers Benfield and JLT last week. In the research note, released on 10 October, Numis analysts Nick Johnson and Nick Gradidge...
  • Lloyd’s chief executive Nick Prettejohn is to end his ten year association with the Corporation and join UK insurer Prudential plc at the beginning of next year. Prettejohn, aged 45 yrs, will replace Mark Wood as the chief executive of Prudential’s...