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  • Pressure to reveal gross losses builds as fears over reinsurance failure take hold in the London market In Hemingway's “The Sun Also Rises” the following exchange takes place: “How did you go bankrupt?” Bill asked. “Two ways,” Mike said. “Gradually and
  • Premium levy increase for 2002 designed to increase fund to $1bn, but Lloyd's deny link to possible syndicate failures Lloyd's has responded swiftly to its downgrade by AM Best to A-, by announcing that its increasing the premium levies on all syndicat
  • Key players in the insurance backed film finance scandal are involved in writing viatical insurance If there is a greater absurdity than insurers guaranteeing the financial success of un produced films, then perhaps guaranteeing someone's death might r
  • Roger Foord has mixed views on the current changes... The Lloyd's and London insurance market has in the past twelve months suddenly developed a 'latent wake up call' to the point of serious self criticism as even the chairman of Lloyd's has felt compe
  • Contingency market underwrites the murky viatical industry Lloyd's worthy reputation for underwriting the specialist, niche and downright quirky has been reinforced by the discovery that its contingency market has insured viatical companies - instituti
  • CNA's commitment to the London Market appears shaky as the loss struck Group puts its London reinsurer up for sale and relocates centre of expertise to Zurich CNA Re's restructuring and proposed sale of London Market subsidiary CNA Reinsurance Company
  • The Insurance Insider’s comprehensive analysis of the Lloyd’s auctions starts with Laptop’s analysis of every syndicate trading, together with our own exclusive ratings Lloyd’s 2001 auctions began on the 4 September. Only two facts can be safely predic
  • (A B & perhaps C rated) BF Caudle Syndicate 2(Upton) Growing in popularity now that Advent/BF Caudle have acquired the Kingsmead Agency.The XOL orientation of the account leads recovery of the marine sector; and the Syndicate has consistently outperfo
  • Latest estimates show Lloyd’s loses £3.4bn in four year slump, 2000 forecasts show wide disparity in results The wanton destruction caused by the recent slump in market rates has forced Lloyd's to revise downwards its 1999 projections to a loss of £1.3
  • ‘Unicover’ litigation causes continuing uncertainty over Zurich Re “spin-off” Zurich Financial Services, the global giant who has seen its share price slump after a February profits warning and disappointing March year ends, is considering a public off