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  • Despite revelations that Trenwick Managing Agency (TMA) is confident of securing financing to prevent Syndicate 839 sliding into run-off, the rating agency Moody's has downgraded its performance rating on TMA’s $500mn capacity syndicate to C (below averag
  • Lloyd’s have appointed veteran reinsurance underwriter Bryan Kellett to represent its interests in the forthcoming Central Fund reinsurance arbitration dispute against Swiss Re.
  • Unless an 11th hour settlement can be struck through the current mediation, the controversial Aon 77 dispute will proceed to trial in the UK High Court on the 27 October. At time of going to press, the parties exposed to the giant energy claim are continu
  • Lloyd’s insurer GoshawK believes the demise of the UK personal injury firm The Accident Group (TAG) will have little impact on its earnings. According to a company spokesman, GoshawK was one of a number of London market insurers to provide After the Ev
  • Largest film finance resolution yet, as AIG, JLT, and CSFB settle UK High Court action with investors supporting Flashpoint backed films Lexington Insurance Company, a subsidiary of the world's most valuable insurance group AIG, has settled a $180mn di
  • As widely expected and reported in issue 70 of Insider Week, Republican Senator Orrin Hatch introduced his much anticipated bipartisan bill last Thursday to establish a $108bn trust fund to provide compensation to asbestos victims. The Senator announced h
  • Bermuda based Allied World Assurance Holdings announced last Wednesday the opening of the London underwriting office of its Irish insurance subsidiary, marking a further step in its rapid expansion. Allied World Assurance Company (Europe) Limited (AWAC-E)
  • ZFS posts encouraging 1Qs Zurich Financial Services Group continued along its path of rehabilitation last week when posting first quarter net income of $114mn, against a comparable $6mn profit last year.
  • Following protracted – but eventually successful – attempts to gain PRI board support for its takeover bid, Brit was pleased to announce last Friday the swift unconditional shareholder acceptance of its all share Offer.
  • Corporation accounts reveal growing shortfall and £19.9mn fees to support Project Blue Mountain