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Atrium forecasts improve
Lloyd’s insurer Atrium announced improvements in its latest syndicate forecast updates last Tuesday (7 December), along with a fall in estimates for losses from the hurricane season.
13 December 2004
Levene takes on second term
Lloyd’s has announced that Lord Levene will serve a second term as chairman of the corporation.
13 December 2004
Frankel gets reduced sentence on co-operation pledge
Insurance fraudster Martin Frankel was sentenced to a reduced 17 years imprisonment last week after he promised to help the US authorities track down the $200mn he stole from a series of insurance companies.
13 December 2004
Cigna hit by hidden commissions fine
US insurer Cigna has announced that it will pay the State of Connecticut more than $870,000 after an investigation by state attorney general Richard Blumenthal revealed it had concealed improper commission payments to a broker.
13 December 2004
Spitzer admits to political ambitions
One of the world’s worst kept secrets finally became public last week when New York attorney general Eliot Spitzer announced plans to run for state governor.
13 December 2004
Faraday team start new life at Oxygen
Oxygen, the London market intermediary start-up formed this year, (see Insider Week No 142), last week announced the first team to join its Sian Fisher headed agency business.
13 December 2004
Reinsurance disputes continue to grow
(Re)insurers’ profitability continues to be threatened by the uncertainty of reinsurance disputes, a leading US lawyer has warned.
13 December 2004
Glacier Re to start moving
A $300mn European reinsurance start-up is set to launch tomorrow, Insider Week can reveal.
13 December 2004
Windsor sees profits growth
UK broker Windsor plc revealed its brokerage revenues had increased by 5 percent to £18.96mn to the year-end 30 September 2004 on the back of a “stable” UK insurance market.
13 December 2004
Chaucer-managed £80mn Quanta Syndicate 4000 finally confirmed
Quanta, the youngest of the post-9/11 start-ups, confirmed one of the market’s worst kept secrets last Thursday (9 December) as it announced the formation of a new £80mn capacity specialty lines syndicate at Lloyd’s under the leadership of Mark Wheeler an
13 December 2004
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