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  • Pressure to reveal gross losses builds as fears over reinsurance failure take hold in the London market In Hemingway's “The Sun Also Rises” the following exchange takes place: “How did you go bankrupt?” Bill asked. “Two ways,” Mike said. “Gradually and
  • In the weeks that followed the USA attacks The Insurance Insider published a daily e-mail update of events and information as they unfolded - an edited version follows......
  • User Pays - Lloyd's responds Dear Sir, Thank you for the opportunity to respond to your article “User Pays Revisited” in the June issue of The Insurance Insider. I apologise for the delay in responding. However, this does enable me to set out MSU's 200
  • Premium levy increase for 2002 designed to increase fund to $1bn, but Lloyd's deny link to possible syndicate failures Lloyd's has responded swiftly to its downgrade by AM Best to A-, by announcing that its increasing the premium levies on all syndicat
  • Key players in the insurance backed film finance scandal are involved in writing viatical insurance If there is a greater absurdity than insurers guaranteeing the financial success of un produced films, then perhaps guaranteeing someone's death might r
  • The Insurance Insider’s comprehensive analysis of the Lloyd’s auctions starts with Laptop’s analysis of every syndicate trading, together with our own exclusive ratings Lloyd’s 2001 auctions began on the 4 September. Only two facts can be safely predic
  • Latest estimates show Lloyd’s loses £3.4bn in four year slump, 2000 forecasts show wide disparity in results The wanton destruction caused by the recent slump in market rates has forced Lloyd's to revise downwards its 1999 projections to a loss of £1.3
  • Insurers hit by D&O losses in wake of shareholder class-actions over collapsed stock prices History, they say, always repeats itself. Ian Youngman, in his 1999 book Directors and Officers Liability Insurance, observed that the first US D&O policies wer
  • CNA's commitment to the London Market appears shaky as the loss struck Group puts its London reinsurer up for sale and relocates centre of expertise to Zurich CNA Re's restructuring and proposed sale of London Market subsidiary CNA Reinsurance Company
  • Contingency market underwrites the murky viatical industry Lloyd's worthy reputation for underwriting the specialist, niche and downright quirky has been reinforced by the discovery that its contingency market has insured viatical companies - instituti