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Tryg Vesta leaves London
Nordic insurer Tryg Vesta formally withdrew from the London market last week after announcing that its subsidiary Tryg-Baltica International (UK) Ltd has been placed into run-off.
08 September 2003
Highway disappoints
UK motor insurer Highway Insurance Holdings plc unveiled below expectation 2003 interims last Friday (5 September) which included a dividend of 0.8p and a combined ratio of 99.5 percent.
08 September 2003
Lloyd’s to reduce levies
2004 costs reduced as 2 percent premium levy ends Capital providers at Lloyd's will see their fees reduced next year as the Society restructured the levies charged on each underwriting member.
08 September 2003
Aspen IPO makes Altium positive on Wellington
A"medium term" IPO for reinsurance spin-off Aspen Re has inspired London Stockbrokers Altium Capital to upgrade sister company Wellington Insurance Holdings from a hold to a buy recommendation.
08 September 2003
S&P: Start-up reinsurers prospering
Despite the industry's difficult operating environment, many of the post 9/11 start up reinsurers are prospering, observed the rating agency Standard & Poor's today (9 September).
08 September 2003
Moody’s: reinsurance outlook negative
Despite favourable conditions in the hard market, the outlook for the reinsurance industry remains negative as reinsurers continue to count the costs of pricing and underwriting strategies in the last soft market, says Moody's.
08 September 2003
Executive Life saga set for finale
A US Federal Jury has at long last issued an ultimatum to the parties that controversially purchased the assets of Executive Life, the Californian insurer that collapsed in 1991.
01 September 2003
Indemnity costs hover higher for legal eagles
Premiums increases for professional indemnity for solicitors and law firms are beginning to level out over the past year, according to Aon Professional Risks (APR).
01 September 2003
Lloyd’s SQRs paint a mixed picture
While 2002 promises to be a bumper year for Lloyd’s, the legacy of US casualty exposures continues to drag down the 2001 forecasts, according to the latest set of Syndicate Quarterly Returns published by Lloyd’s last week.
01 September 2003
CIC returns to London
New entrant with an interesting past offers EL insurance to the London Market... After the demise of the likes of Independent and The Underwriter, it was inevitable that soaring professional indemnity rates would attract new players into a market where
01 September 2003
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