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Lloyd’s sues Aon and Benfield over Central Fund insurance failure
Lloyd’s confirmed on 3 February that it will pursue legal action against Benfield and Aon, the two brokers who placed the £500mn Central Fund insurance contract which failed to engage following an arbitration decision last year.
17 February 2006
Swiss Re to lose 2000 jobs
Swiss Re - the world's largest reinsurer - will lose 2000 jobs following its acquisition of GE Insurance Solutions. The reinsurer said it has already reduced 250 positions, many at “management level”.
11 July 2006
Lloyd’s named in slave trade writ
Lloyd’s is being sued for allegedly underwriting ships used in the slave trade, it emerged today.
29 March 2004
Claims from Cyclone Larry hit $90mn
Insurance claims from Cyclone Larry, which struck north-eastern Australia on 20 March, reached AUS$90mn last week with 4,000 claims already made, according to the Insurance Disaster Response Organisation (IDRO).
27 March 2006
R&SA continues de-risking US
UK general insurer Royal & Sun Alliance (R&SA) announced first quarter pre-tax profits of £122mn, unchanged from the corresponding period of 2005.
12 June 2006
Lloyd’s sues Aon and Benfield over Central Fund insurance failure
Lloyd’s confirmed last week that it will pursue legal action against Benfield and Aon, the two brokers who placed the £500mn Central Fund insurance contract which failed to engage following an arbitration decision last year.
06 February 2006
Allianz blames WTC business interruption
German insurer Allianz blamed increasing business interruption claims as it increased its estimated net exposures to the WTC attacks.
01 November 2001
Lloyd’s sues Aon and Benfield over Central Fund insurance failure
Lloyd’s confirmed today (3 February) that it will pursue legal action against Benfield and Aon, the two brokers who placed the £500mn Central Fund insurance contract which failed to engage following an arbitration decision last year.
03 February 2006
Ex-ambassador joins Lloyd’s Council
Lloyd’s has announced that Philip Lader, formerly US ambassador to the United Kingdom, will join the Lloyd’s Council as a nominated member.
08 March 2004
Conference calls reveal downbeat assessment of SCOR renewals
The premium income of the four major European reinsurers grew by 2 percent in aggregate following this year’s renewals season, according to research from brokers Benfield.
08 March 2004
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