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Heath's settles key Phoenix
Heath's has settled much of its film finance exposures following the opening submissions in a critical High Court trial this month. The so-called "Phoenix" trial promised to set a marker for a series of multi-million dollar disputes involving insurance ba
01 October 2003
Creechurch set to merge syndicates
Personal accident specialist Jonathan Thomas is set to become the active underwriter of Creechurch's merged syndicates, if Lloyd's franchise performance director Rolf Tolle approves the move.
01 October 2003
Silverstein suffers setback as appeal fails
World Trade Center (WTC) leaseholder Larry Silverstein suffered a serious setback last Friday (26 September) after a federal appeals court affirmed the ruling by a lower court that the WilProp wording stands and destruction of the WTC was a single occurre
29 September 2003
Beazley waits for underwriting profits
Last week’s announced six month profits of £2.5mn may appear small compared to competitors such as Amlin's £63.3mn, but as a group Beazley had relatively little underwriting exposure to the great trading conditions of 2002.
29 September 2003
Hardy boosted by low losses and Atrium
Helicopter specialist Hardy Underwriting today (29 September) announced a strong set of half-year results including a “remarkable” combined ratio performance of 79.8 percent, compared to 91.2 percent at the same time last year.
29 September 2003
Hammond to join JLT
Mike Hammond the former chief executive of broker Marsh’s UK operations is to join rival Jardine Lloyd Thompson, it was revealed last week.
29 September 2003
GoshawK: Reserve boost creates £30mn loss
But viatical exposures could cost a further £56mn... Embattled insurer GoshawK cleared the decks with a £43mn reserve boost last week in an attempt to improve its desirability to potential buyers or fresh investors.
29 September 2003
AIRMIC concerned by rising D&O costs
UK Risk managers association AIRMIC has set up a task force in response to the “soaring price” of Directors and Officers cover.
29 September 2003
Brit: future bright with consistent earnings
Brit joined the consensus beaters posting "record" half-year profit before tax of £31mn, compared to last year's loss at the same stage of £4.3mn and well above analysts' expectations of £18-19mn.
29 September 2003
Atrium more than triples H1 profit
Atrium has announced a strong set of interim results and expects to deliver a return to dividend for the full year 2003, forecasting at least 7.5p per share.
29 September 2003
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