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  • Omega completes 529 acquisition Lloyd's managing agency Omega Underwriting Agents, who manage the non-marine Syndicate 958, are to takeover the business of troubled Syndicate 529, subject to final approval by the Lloyd’s regulators. This follows the
  • Since we began Schiff ’s Insurance Observer twelve years ago, we’ve generally maintained an attitude of skepticism. However, not wanting to be a stopped clock that’s right twice a day, we’ve tried not to let our skepticism turn into cynicism, tainting our
  • Goshawk Goshawk might look a tad on the small size when it comes to market capitalisation, but it's got quite an enviable advantage over virtually all of its bigger Lloyd's peers. All Lloyd's vehicles dream of owning 100 per cent of their managed capac
  • The volume of capacity traded in this season increased with each auction, but still failed to match those traded in previous years, and unsatisfied sell orders continue to increase.
  • Laptop takes a look at investments at Lloyd’s and the recent trend of working capital cash calls, and argues for a review of procedures In closing the 1997 account on the 31st December 1999 Lloyd syndicates used £849mn of their premium income to boost
  • RSA and CGNU handled the recent floods with aplomb, but will they and smaller insurers find themselves suffering after the latest storms? Loss assessors are an unreliable bunch. Take the dreadful flooding that in England's south east recently; before
  • Unicover, the workers compensation debacle responsible for hundreds of millions of losses to a wide selection of brokers and reinsurance companies, continues to cause problems for those involved.
  • As another uneventful reporting season closes the industry continues to sit back and stare at the golden horizon of the long anticipated market recovery Now that another reporting period for the insurers has come and gone it’s always useful to glance
  • AIG departure ignites speculation The succession issue at AIG, the uberinsurer dominated by the patriarchal presence of the 75-year-old Hank Greenberg, is taking on Elizabethan proportions.
  • Auction prices are still well below the level of preceding years with Auction 5 being the only one yet to see an increased volume traded. September saw two of the last remaining Lloyd’s capacity auctions to be held this season finish in less than a bl