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  • Despite a growing trend to avoid the vulgarity of contested seats by pre-selecting suitable candidates, the annual Lloyd's Council election often fires up a controversy or two and this year is no exception.
  • Average syndicate grows to record size as Lloyd’s insurers get bigger. The trend for ever-larger trading units at Lloyd’s has continued with the average syndicate capacity size now £227mn, up from the previous record of £203mn last year. According
  • It’s not just analysts who made their predictions for 2004 – brokers also took a view on business conditions over the next 12 months. For Aon, the New Year was about resolutions – and to back up the message it published a "to-do" list for the insurance
  • Italian firm goes into meltdown; limited D&O cover available The ongoing investigation into the Parmalat accounting scandal has raised questions about insurers' exposures to the collapsed Italian long-life milk, juices and biscuits conglomerate. In
  • The insurance business appears quite good these days. Premiums have gone up sharply for several years. Reasonably well-capitalized property-casualty companies have to do something very wrong to achieve poor accident-year results. You'd probably call this
  • Bermudian casualty insurer XL Capital Ltd revealed a higher than expected $647mn post-tax charge for Q3 2003. In a press release the company said the charge, which followed a claims audit and year-end reserve review, was "primarily related to adverse deve
  • Peter Matson, the veteran Lloyd's underwriter, has joined SVB Holdings Plc after completing his notice period with former employer Brit. Matson formally joined SVB on the 19 January and will reunite with some of his former PRI Ltd colleagues, including fi
  • Swiss Re has announced plans to sell property and casualty and life and health reinsurance in Japan from April 2004.
  • AXA will have to pay compensation to world football governing body FIFA, following a ruling by a German court that the insurance company was wrong to cancel its 2002 World Cup insurance policy.
  • In a significant development for the insurance industry, the Australian Victoria state appeals court has rejected a civil lawsuit brought against British Airways and Quantas by a passenger who developed deep vein thrombosis (DVT) on a long-haul flight.