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  • 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.
  • 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
  • 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.
  • 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.
  • Lloyds specialist insurer Hardy Underwriting Group announced today that it will begin underwriting financial institutions for the 2004 year of account.
  • After rival specialist motor insurer Highway painted a gloomy picture of underwriting prospects, along came Cox with an upbeat message, consensus beating interims and a combined ratio of only 86 percent.
  • Analysts knew Hiscox interims were going to be good when the quoted insurer announced bullish trading figures last month and then took the opportunity to resolve the growing uncertainty over its World Trade Center provisions.
  • Kiln plc, the Lloyd’s insurer regarded for its caution and steady conservatism, trumped its peer group by unveiling the lowest combined ratio yet among the quoted Lloyd’s stocks. The company announced that its ratio for the first six months was a mere 75
  • Hurricane Isabel, which hit the US eastern seaboard with heavy wind and rain last Thursday, is estimated to have caused no more than $1bn of insured property damage – much less than early forecasts.
  • Embattled Lloyd's insurer GoshawK saw its share price tumble for the second time in three months as the company admitted it was under-reserved by an undisclosed amount.