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Lloyd's facing mounting US bail bond losses
Lloyd's insurers are fighting multi-million dollar losses arising from Capital Bonding Corporation, a controversial programme administrator for US bail bond companies. Lloyd's, together with participants such as Converium, provided reinsurance to domes
01 September 2004
Converium's fight for survival
Devastating S&P downgrade has compounded the troubles for Swiss reinsurer following under-reserving revelations and share price collapse... As the great and the good from the reinsurance industry converge at the annual Monte Carlo Reinsurance Rendez-Vo
01 September 2004
Hogarth hits back over FSA writ
London MGA Hogarth Underwriting has hit back at the FSA over the authority's plans to take it to court for placing business in the UK on behalf of unauthorised insurer CIC. Greek domiciled CIC, which started to target distressed UK liability sectors su
01 September 2004
Arch Europe appoints Xchanging to run back office
The London headquartered outsourcing firm Xchanging has been chosen by Arch Insurance Company (Europe) Ltd to run the company's back office requirements. Xchanging has signed a six-year deal with the firm which, earlier this year, received approval fro
01 September 2004
Fairfax riled by Fitch criticism
Agency issues wake-up call and raises fears of a looming liquidity crisis... Questions have again been raised over the liquidity of Fairfax Holdings after ratings agency Fitch placed the Canadian financial services holding company on a negative rating
01 September 2004
Kiln to exit 557
Specialist Lloyd’s insurer Kiln has announced that it will withdraw from Syndicate 557 under its 2005 business plan, allowing the syndicate to become, in its words, “entirely Names-owned”.
01 September 2004
Lloyd's listed vehicles
Despite sluggish share prices, Lloyd’s quoted insurers are unveiling impressive interims... Amlin's strong posting kicks off Lloyd's reporting season Amlin began the Lloyd’s results season by posting exceptionally impressive results - including a 17.2
01 September 2004
Reserving issues still stalk industry
US reinsurance exposures remain a potent threat after 2Q activity As the global reinsurance industry convenes at the annual Monte Carlo Rendez-Vous de Septembre they will be unable to avoid a depressing reality - under-reserving of US reinsurance busin
01 September 2004
Florida storms to test industry resolve
Lower than predicted wind speeds and a benign track appear to have mitigated the loss scenario of Hurricane Frances, the second major hurricane to hit the state of Florida in a month. The hurricane, which had been billed as the most powerful and potent
01 September 2004
London’s reinsurance brokers play musical
Reinsurance brokers are often wont to compare themselves to investment bankers and, in London this year, they have been performing one of the favoured banking traits of financiers - transferring from one employer to another. In particular, it seems the
01 September 2004
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