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Dawson steps down as Cox CEO
As widely predicted, Cox Insurance Holding’s Michael Dawson succumbed to shareholder pressure and stepped down as the Group’s chief executive. Dawson’s demise was the price for Cox’s dismal losses which saw the insurer approach Lloyd’s for a controversial
01 October 2002
WTC: Insurers optimism grows
Silverstein appeals pro-insurer decision but Judge hints at sympathy for WTC carriers The (re)insurers exposed to the WTC programme reacted with relief to US District Judge Martin’s decision that an R&SA subsidiary, the Hartford and St Paul cannot be s
01 October 2002
GoshawK seeks permission to write death insurance
Lloyd’s insurer will ask for shareholders’ approval before continuing to write controversial viatical schemes GoshawK, the quoted Lloyd’s insurer, has agreed to seek their shareholders’ approval before writing viatical insurance - the controversial pra
01 October 2002
The loss of the Certainty effect - Schiff's Insurance Observer - The problem of policyholders distrusting insurers
We've been concerned about insurance companies' financial strength since... well, since forever. Over the years we've written dozens of articles about insurance buyers' disregard for financial strength and the danger that entails. Risk that is "transferre
01 October 2002
SOC delays fund deadline
Lloyd’s Members Agency remains hopeful that its innovative Fund will attract sufficient support as syndicates wait in the sidelines Lloyd's members' agent SOC Group extended the deadline for raising funds on its new investment fund yet remains confiden
01 October 2002
BF Caudle reduces 2003 capacity by 9 percent
Retro expert BF Caudle’s future was strengthened last month by a £30mn injection into its capacity provider Advent Capital Holdings Ltd by Fairfax and Zenith, but the Lloyd’s insurer is still reducing its 2003 underwriting.
01 October 2002
Lloyd's Syndicate 2000 and 2001 forecast results
Estimates for the forecast results of Lloyd’s syndicates in the 10th quarter of the 2000 underwriting year have shown few significant deviations from expected results. Only 12 out of 130 results have shown any increase over estimates on the 9th quarter, b
01 October 2002
Aon's Charman legacy
Neil Strong joins Willis after a hellish summer defending Aon’s practices in placing John Charman’s whole account reinsurance programme
01 October 2002
R&SA's £2.4bn shortfall
Royal & Sun Alliance, the embattled UK insurer currently looking for a long-term replacement to its former chief executive Bob Mendelsohn, needs up to £2.4bn to shore up its capital base.
01 October 2002
Murphy leaves Abacus to join Brit
John Murphy, the underwriter of Abacus’ Syndicate 2525, is to form a new operation with rival managing agency Brit.
01 October 2002
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