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AWAC promotes Carmilani to chief executive
Last week, Bermudian insurer Allied World Assurance Company appointed a new chief executive in a move that will do little to quash speculation that the company may look to go public later this year.
19 January 2004
Shelbourne close to buying Lloyd’s building
Shelbourne Development, a privately owned Irish property group, is close to buying the iconic Lloyd’s of London building, One Lime Street.
12 January 2004
Fed spells out compliance programme for Lyonnais
French and US regulators have released details of a compliance programme for French bank Credit Lyonnais, which reached settlement earlier this month in a long running investigation into alleged breaches of American and California state banking laws in th
12 January 2004
Australian New Year gas fire loss
The New Year’s Day gas plant fire in South Australia could cost the industry around $400mn, according to early estimates.
12 January 2004
Kiln first to offer new Lloyd’s War cover
Kiln plc revealed last week that it is the first Lloyd’s insurer to offer Long-term and Domestic War on Land insurance, a new class of cover which combines both multi-year international war insurance with domestic war on land.
12 January 2004
JLT Risk Solutions reshuffle
The world’s fifth largest broker Jardine Lloyd Thompson Group (JLT) last Thursday (8 January) announced management changes at its reinsurance arm JLT Risk Solutions.
12 January 2004
Four new Illium appointees
Lloyd’s liability start-up Illium Syndicate 4040 announced today (12 January) the appointment of four new underwriters. The appointees are Paul Baynham, Paul Woodward, Colin Ivory and Matt Hunt.
12 January 2004
Wellington upbeat on 2003 performance
Wellington Underwriting plc brought in the New Year with an upbeat analysts’ presentation last week as the insurer rounded off a busy 2003 and unveiled a 15 percent cross-cycle after tax ROE (return on equity) target.
12 January 2004
Amlin heralds strong renewals
Amlin - Lloyd’s second largest insurer by capacity - heralded a successful renewals season and a bullish outlook as it released a trading statement last Friday (9 January ‘04).
12 January 2004
Berkshire Hathaway reduction keeps Lloyd's capacity below £15bn
Berkshire Hathaway’s late decision to significantly reduce capacity on its subsidiary Lloyd’s insurer Marlborough helped keep Lloyd’s 2004 capacity below the headline £15bn capacity.
12 January 2004
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