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  • Specialist Lloyd’s insurer Hardy Underwriting has announced its syndicate results for 2003 and forecasts for the coming year.
  • Atrium joined its peers on 2 March announcing 2001 as an "excellent result in a difficult year" for its Syndicate 609, alongside Syndicate 570 performance "better than previous forecast". Syndicate 609 made a 4.4 percent profit on £66.1mn, near the top en
  • HCC Insurance Holdings has announced the recruitment of underwriters Richard Webb and Brian Deane to HCC Diversified Financial Products (HCCD), the Group’s London based underwriting agency specialising in writing professional indemnity insurance in the Eu
  • 2003 saw the seventh highest number of victims from natural and manmade disasters since 1970, according to a new report from reinsurer Swiss Re.
  • The London Market travelled further down the road to reform last week as the Lloyd’s Market Association (LMA) announced a new market repository for electronic claims files, commissioned from IT outsourcing firm Xchanging.
  • In his much-anticipated annual letter to shareholders, the world’s second richest man Warren Buffett railed against scandal-struck mutual fund companies and corporate greed, as his investment company Berkshire Hathaway unveiled profits that nearly doubled
  • US insurer Chubb declared an increased quarterly dividend last Friday (5 March) of 39 cents a share, up 8.3 percent on the 36 cents paid out last quarter.
  • The turmoil caused by a morass of US corporate scandals and the subsequent litigation that has followed, has led to insurers attempting to rescind Directors and Officers (D&O) cover, a London seminar heard last week.
  • Lloyd’s has announced that Philip Lader, formerly US ambassador to the United Kingdom, will join the Lloyd’s Council as a nominated member.
  • The premium income of the four major European reinsurers grew by 2 percent in aggregate following this year’s renewals season, according to research from brokers Benfield.