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  • London News Digest - May 2005
    In our regular monthly News Digest, we round up key stories from the last month, presenting them to you in easily digestable snippets.
    13 May 2005
  • Integro to pursue limited acquisition policy
    Start-up broker Integro Ltd will pursue a policy of strictly limited acquisition as it attempts to crack the hegemony enjoyed by Marsh and Aon in the US commercial risks market, The Insurance Insider can reveal.
    13 May 2005
  • Cavell to appeal controversial viatical decision
    The run-off managers of defunct Lloyd's insurer GoshawK are appealing a controversial Court decision which allowed brokers Tyser & Co to avoid handing over claims files that led to severe underwriting losses.
    13 May 2005
  • Prettejohn refuses to rule out contract certainty sanctions
    Lloyd's CEO Nick Prettejohn has called on London Market brokers and underwriters to voluntarily embrace contract certainty initiatives ahead of the FSA's 2006 deadline.
    13 May 2005
  • CXRE surplus hit by mounting US liability losses
    Run-off reinsurer CX Reinsurance Company Ltd saw its surplus fall by a third last year as losses from its US professional liability exposures continued to hit the company hard.
    13 May 2005
  • Finite net continues to widen
    Led by campaigning New York attorney general Eliot Spitzer, the regulatory investigation into the use of non-traditional or finite-style reinsurance gathered pace once more this month with a raft of subpoenas dished out to buyers and sellers of the...
    13 May 2005
  • AIG crisis rumbles on
    Financial impact worse than feared as beleagured insurer battles its past. Bitter recriminations between the current and former management of American International Group (AIG) hotted up this month, almost overshadowing the revelation by the embattled.
    13 May 2005
  • Advent aims for June IPO as roadshow begins
    Advent Capital Holdings Ltd have appointed the stockbroking firm Numis Securities to float the Lloyd's reinsurer on the Alternative Investment Market (AIM) next month, The Insurance Insider can reveal.
    13 May 2005
  • Marsh to sign up to Beazley framework
    Marsh UK is set to join rival Aon in formally agreeing a proposed framework for its new broking model with the Beazley Working Party, The Insurance Insider can reveal.
    13 May 2005
  • Bermudian Q1s damaged
    ACE reported first quarter net profits marginally down, making $433mn or $1.46 a share compared to the $447mn or $1.53 a share it recorded in the first three months of 2004.
    13 May 2005
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