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  • October was another eventful month for beleaguered Lloyd's insurer GoshawK, yet its future looks no less certain. Chief executive Chris Fagan denied suggestions that the management were considering a buy-out - telling The Insider “there is no truth in
  • ACE's Syndicate 2488 underwriter Andrew Kendrick has been promoted to the role of president and chief executive officer of ACE Bermuda, replacing the current incumbent Mark Herman. Currently president of ACE Global Markets and a director of ACE INA UK
  • Defunct Australian insurer HIH has won partial access to pleadings and legal information from AIG subsidiary Lexington Insurance Company to help advance possible fraud allegations against the broker JLT. HIH applied to the High Court following the Ju
  • Reinsurance spin-off Aspen Re is set to raise around $200mn if its NYSE IPO proceeds to plan next year, according to sources. Aspen Re, which specialises in property and casualty reinsurance in the UK, the US and Bermuda, has been seen as a prime IPO
  • Lloyd's personal accident market is braced for claims relating to the 3 October mauling of Roy Horn, one half of the stage act Siegfried & Roy, by a white tiger at the Mirage hotel, Las Vegas.
  • The world's largest insurance broker Marsh is embroiled in an awkward $250mn policy wordings dispute with the London market over the placing of Financial Institutions insurance cover for its long-time banking associate JP Morgan. Despite renewing a ble
  • The switch to one year accounting has presented analysts of publicly quoted companies (Integrated Lloyd's Vehicles, ILVs) at Lloyd's with a problem of measuring the investment performance of those companies. Under the unique three year system of accountin
  • Dick Grasso, who by most accounts did a good job of running the NYSE, was forced from his position because he was paid so much that it became an embarrassment to his organization and to the board of directors that paid him so much money. David D 'Aless
  • $550mn start-up hit by breach of contract ruling The Quanta start-up story took a new turn last month when it emerged that Thomas F. Taylor, the former CNA executive vice president, who was to head up the E&O operation at Bermudian headquartered start
  • Quoted Lloyd's insurer SVB is considering a 2004 fund raising to capitalise a new FSA-authorised insurer that would lead its charge in writing D&O, medical malpractice and professional indemnity business - a model similar to UK start up PRI Ltd before its