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  • 2001: Lloyd's WTC dispute with Aon
  • 2001: Silverstein complaint against ACE and XL over WTC exposures (later settled)
  • The broking industry continues to report an “escalating decline in organic revenue”, according to the latest research from investment bank WFG Capital Advisors LP.
  • Financial Institutions professional liability, a sector that has been decimated with higher than expected claims and coverage disputes in recent years, is to receive a new policy wordings form, courtesy of the Lloyd’s Market Association (LMA).
  • Lloyd’s insurer Cathedral Underwriting Ltd has signed an agreement with CATEX, the technology and software company.
  • Ratings agency Standard & Poor’s (S&P) has criticised proposed International Financial Reporting Standards (IFRS) describing them as costly to implement and likely to lead to greater earnings volatility.
  • Lloyd’s broker Bradstock Group plc has been forced into liquidation following a failure to renew its professional indemnity cover.
  • The London Market travelled further down the road to reform last week as the Lloyd’s Market Association (LMA) announced a new market repository for electronic claims files, commissioned from IT outsourcing firm Xchanging.
  • Catastrophe specialist Cathedral Underwriting Ltd received an inaugural Best syndicate rating of A- (Excellent) last week as the rating agency paid tribute to the Lloyd’s insurer’s “excellent prospective operating performance and business profile.”
  • Investors' enthusiasm for the Lloyd's sector is not unlimited, as Creechurch Group’s decision to post-pone plans to float on AIM proves. Earlier this year, the Lloyd's based insurer appointed advisors Hoare Govett to seek investors prepared to back a £