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  • Lloyd's has warned its franchisees to expect the Central Fund levy to double next year from a current 0.5 percent of capacity to 1 percent as the Society looks to bolster its financial strength.
  • Despite the old adage that losses from bad years only get worse, latest estimates from Lloyd’s syndicates hold out hope that the awful 2001 underwriting year may yet plateau.
  • There was more courtroom drama this month with a mammoth case management conference for the forthcoming film finance litigation.
  • HLF Group has become embroiled in a controversy over undisclosed commission payments relating to a contract with the Australian Federal Government.
  • Richmond is a privately-owned UK company, which is a leading independent provider of IT solutions and services to the London insurance market, focused on the non-life sector. N.B. Due to the threat of legal action this PDF is temporarily unavailable.
  • Bermudian based White Mountains Insurance Group Ltd agreed to buy Swedish (re)insurer Sirius Insurance earlier this month, as first revealed in The Insurance Insider's 10 November edition of its sister publication Insider Week.
  • French reinsurer SCOR looks to have struggled through a difficult month as it put another set of poor results to one side to win shareholder support for a €750mn rights issue, cautious backing from rating agencies, and a return to the security lists of le
  • Exits and contractions outweighed by start-ups and syndicate growth
  • Industry financier Sir Laurie Magnus has warned that the London market is in danger of being overtaken by US and Bermudian insurers unless it works to improve its claims processes and standards of professionalism.
  • Those inclined to a "half full" interpretation of the global insurance industry were encouraged this month by two relatively upbeat reports.