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  • 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.
  • Waning market share, slower premium rises and fiercer competition among smaller businesses: all are cited as catalysts for a mooted increase in broker M&A Consolidation among brokers is set to increase, according to new analysis by investment bank Morg
  • Laptop looks at Lloyd’s and ILV pension deficits and questions the increasing actuarial control... Actuaries Lane, Clark and Peacock estimate that, out of the 90 companies in the FTSE-100 index, only 13 showed a surplus of assets over liabilities in th
  • Hurricane Isabel, which hit the US eastern seaboard with heavy wind and rain on 18 September, is estimated to have caused $1billion of insured property damage - significantly less than early forecasts.
  • Capital providers at Lloyd's will see their fees reduced next year after the Society restructured the levies charged on each underwriting member. As predicted in the August edition of The Insider, Lloyd's will end the current 2 percent premium levy at
  • UK insurers are being warned that increases in US reserves against asbestos-related claims could be a taster of things to come for the London market. The warning comes after news that US underwriters have bolstered their reserves for asbestos-related c
  • Like its slightly larger German rival Munich Re, Swiss Re has been recently downgraded by S&P. But at least the reinsurer has reported improved half-year results, returning earnings of SFr691mn up from SFr118mn for the first six months of 2002.
  • Lloyd’s insurer Wellington Underwriting restored its dividend to shareholders last week following a sharp rise in interim profits.
  • Despite last month’s decision by Lloyd’s to approve Chaucer’s syndicate merger plans, it seems the fiery response from elements of the Members' Agents has yet to be doused.
  • Illium Insurance Group Ltd, the UK liability start-up headed by former Limit underwriter Denis Burniston and Russell Benzies, the former chief executive of Euler Trade Indemnity plc, is set to begin trading via a new Lloyd’s Syndicate 4040 next year.