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  • Auction 3 of Lloyd’s capacity brought little cheer as prices drop back to auction 1. In the third auction of the season, the amount of capacity traded remained roughly in line with auction two, but the average price fell back to the auction one price
  • For the first time the prospect of people power has emerged at Lloyd’s following the proposed merger of Sedgwick Oakwood with Hampden; and Christie Brockbank Shipton(CBS) with the Amlin Members’ Agency. There are now 17 syndicates trading at Lloyd’s wh
  • On August 14, Reliance Group Holdings announced a second quarter loss of $504.5mn, reducing the company’s reported shareholders’ equity to $455mn (down from $1.03bn at year end). As of June 30, 2000, Reliance Group had $735.1mn of debt, including $237.5mn
  • Apart from in isolated sectors, improving reinsurance rates have yet to make a meaningful impact at a direct level "This is not the end; this is not even the beginning of the end, but merely the end of the beginning," pronounced a defiant Winston Chur
  • Lloyd’s Auction 2 saw a gentle pick up of average prices, but buyers are still more reluctant than in past years.
  • The Lloyd’s chairmanship goes part-time, with Max Taylor stepping down Gone are the days when the prestige Chair of Lloyd’s could guarantee plenty of time to play golf with the chaps, and a nighthood for your troubles. By returning the role to a part-
  • Aegon Aegon’s chief executive Kees Storm has been busy quashing rumours that the company is about to join the bidding for US health insurer Aetna. ING is already talking to Aetna about buying its financial and international units but Allianz, Aegon, Am
  • Another ‘carve-out’ scandal unravels as CNA alleges mispresentation to rescind retrocessional contracts What is it about the accident and health market that keeps it in the headlines? With the Unicover workers compensation debacle still fresh in me
  • Lloyd’s faces criticism for the loadings placed on syndicates Fresh from the Council of Lloyd’s announcement that underwriting ratios are to be reduced by 5% to 40% for all fund providers, and the abolition of “other personal wealth” provisions in the
  • Perhaps it’s a sign of the impending silly season, but talk is reverting to consolidation. Even the hard-pressed Lloyd’s vehicles are showing signs of life in the wake of QBE’s Limit purchase...