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  • Market optimistic over recovery as capacity shrinks London Market liability rates have soared in the light of the capacity crunch caused by the withdrawal of a host of carriers. The collapse of specialist casualty insurers such as Independent and HIH,
  • Further embarrassment for film impresario Kent Walwin as Canadian company Blackwatch is raided by Mounties and files for bankruptcy The extraordinary saga of insurance backed film financing took a further twist with the news that Canadian film financi
  • Potential ‘spiral’ exposures force Willis to join SCB in fighting Odyssey Re's claims Recently floated broker Willis has made a late application to join Stirling Cooke Brown in fighting allegations that the broker deliberately conspired to place under
  • To avoid over-writing and the shortage of reinsurance, syndicates are buying in-house quota share cover and planning capacity expansions for 2002. But what impact will these have on the 2001 capacity auctions?
  • 2 January Independent begins the year ostensibly in good cheer. The stock price sat at a record high at 401.5p, valuing the company at almost £1bn and Michael Bright's 6.18% stake at around £60m. But not all was well. In 2000 some of Independent’s rein
  • $600mn Goldman Sachs deal postponed AIG’s denial of liability on $183mn of Flashpoint bonds - which has ignited a war of words between investors, investment bank Credit Suisse First Boston and the world’s largest insurance company - could backfire.
  • Flashpoint $1 million fraud victim
  • User-pays was heavily criticised. Lloyd’s insists that the process has been reformed but Laptop argues there is still much to be done In December 1997 Lloyd's announced the introduction of “User Pays”. One of the aims was to remove “the subsidisation
  • CEOs get cheap options Stock options may be a good form of compensation for start-up companies, but they aren’t appropriate for CEO's at most insurance companies. From a shareholder’s perspective, they have several drawbacks. They don’t align the C
  • Gross results demonstrate sectors dependence on cheap reinsurance, and highlight concerns over expected recovery in the light of continuing stiff competition. Personal Accident: "An insurance policy which, in return for regular premiums, pays a specif