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  • Defiant London market contingency underwriters scored a victory in the UK High Court against claims by the insurer of Atletico Madrid, a Spanish football club, that it should be compensated for relegation. The Spanish side's fronting insurer Banco Vi
  • Benfield, one of the world's largest reinsurance brokers, distributed listing particulars to potential investors on 28 May valuing the management owned firm at between £500mn-£660mn (midpoint £580mn). Despite moving its registration to Bermuda, last y
  • The Audit-Committee Report AIG is arguably the greatest insurance organization in the world. As such, it deserves more scrutiny than other companies. In its reports for the years ending 2001 and 2000, AIG's audit committee disclaimed virtually all r
  • In a welcome reversal of type, the US Supreme court delivered a pro insurer judgement earlier this month restricting the scale of punitive damage awards. In State Farm Mutual vs Campbell et al, the US Supreme Court decided by a 6-3 majority that puniti
  • Lloyd's insurer unveils disappointing results and agrees to reverse out £27mn of earned premiums from controversial viatical insurance GoshawK's involvement with viatical business - the controversial practice of buying life insurance policies off the
  • Over the last five loss making years Lloyd’s lost around £6.9bn, yet it generously paid out £7.9bn over the same period in brokerage commissions for the privilege of writing the business. These sobering figures, compiled by The Insider’s analysis of Lloyd
  • Impressive turn-around in 2002 but 2000 yr figures deteriorate beyond £2bn mark Last month, The Insider’s analysis of the early 2000 results suggested that 11th quarter forecasts were unlikely to deviate significantly enough to push the loss for the y
  • US Directors & Officers cover is returning to Lloyd's after an almost complete withdrawal 18 months ago. Beazley is in negotiations to put together a $10mn Lloyd's facility in conjunction with other underwriters thought to include Hiscox. Beazley recently
  • Lloyd's was lauded in some quarters at the beginning of the month; praised for a record return to profit after years of losses, congratulated for its peer beating combined ratio, and bandied about as a unique performer in an otherwise depressed industry.
  • Despite impressive underwriting results, doubts continue over Hannover Re’s stretched capital base, rating downgrades and heavy reinsurance exposures Poor Hannover Re. The world's fifth largest reinsurer declares a healthy profit, out-performs its pee