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  • 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
  • If the quoted ILV’s are to be taken seriously by investors then they should improve their reporting, says Laptop In the 2000 year of account, corporate capital provides over 70% of the underwriting capacity at Lloyd's. This amounts to £7.03mn, of whic
  • Britannic Britannic's intrinsic quality was again on display when the company announced its results at the end of August. Management at Britannic seem to demonstrate again and again that it's quite possible to squeeze astonishing levels of growth out o
  • PXRE’s future in Lloyd’s is called into question as stiff penalties over the management of its syndicates are imposed. It was with no small trumpeting of praise and self-congratulation that Lloyd's announced the formation of the first captive underwri
  • Fraud is now big business. The Government estimates that fraudulent scams now cost the UK economy £16bn a year - £650 for every household in the country. The first six months of last year saw a six fold increase in the value of charges brought for major r
  • 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.
  • For the first time the prospect of people power has emerged at Lloyd’s following the proposed merger of Sedgwick Oakwood with Hampden; and Christie Brockbank Shipton(CBS) with the Amlin Members’ Agency. There are now 17 syndicates trading at Lloyd’s wh
  • On August 14, Reliance Group Holdings announced a second quarter loss of $504.5mn, reducing the company’s reported shareholders’ equity to $455mn (down from $1.03bn at year end). As of June 30, 2000, Reliance Group had $735.1mn of debt, including $237.5mn
  • Munich Re Like most other players in the market it's been a lousy year for Munich Re; in fact in 1999 the company suffered its worst year in reinsurance since being founded in 1880. A string of natural disasters have pushed claims to record levels and
  • Struggling reinsurer puts Lime Street at centre of revival strategy European Specialty Group Re Ltd, the Bermudian based, NASDAQ quoted accident and health and medical reinsurer, is looking to Lloyd’s as it attempts to reinvent itself after a successi