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Laddering threat comes closer to reality
But insurers exposed to the black hole of so-called "laddering" claims, are taking different estimates on the scale of the industry's potential exposure... The potential black hole of laddering liabilities came closer to reality this month when a US c
01 February 2003
Magnus: London must change
"The world of specialty insurance is booming", but Lloyd's and the London Market must address inherent inefficiencies or face losing business to Bermuda and other rising competitors. These were the views expressed by industry financier Sir Laurie Magnus a
01 February 2003
It's not cricket
Lloyd’s contingency underwriters bat away Aon’s IMG claim A day after the England cricket team was due to play Zimbabwe, Lloyd's contingency underwriters were victorious in the High Court in batting away a $2mn claim demanding they pay for the event c
01 February 2003
Heath's "warned" about film losses
Following a key House of Lords' decision, London's loss struck film insurers are set to argue that Heath’s was aware its gap finance policies might make losses The controversial film finance policies, written by income hungry insurers in the mid to la
01 February 2003
Catlin wins fight in Club renewal
Fierce inter-syndicate competition sees Catlin capture flagship contract from LIMIT Perhaps it was destined to be that the year of its name would see Catlin’s Syndicate 2003 take the helm on Lloyd's biggest and most prestigious marine reinsurance cont
01 February 2003
Investing syndicate assets
Syndicate performance evaluation often neglects the greatest resource for profit in the hands of syndicate managers, argues Laptop
01 January 2003
Sirius - bright prospects clouded
Unlike many of its peers, Sirius’ woes are not of its own making. Instead the Scandinavian insurer has been downgraded because of the sins of its parent, the struggling power and automation technology giant, ABB Group.
01 January 2003
Former HIH directors face prospect of criminal prosecutions
The scope of blame over HIH widened last week as lawyers for the Australian Royal Commission began their summing up into the insurer's collapse, outlining more than 1,000 alleged breaches of the law. Senior HIH executives face possible criminal charges
01 January 2003
Numis sanctioned by Lloyd's
Specialist investment banking group Numis Securities has been removed from the Register of Sponsors of Lloyd's Capacity offers for two years following proceedings bought against it by the Society.
01 January 2003
Syndicates expand to record size
The Insider’s exclusive analysis shows that Lloyd’s insurers continue to grow as they chase 2003 profits Lloyd’s Syndicates have grown their 2003 capacity by an average of 43 percent each, according to figures obtained by The Insider. The growth of
01 January 2003
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