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  • Lloyd's chairmen to leave early? With the Lloyd’s chairman taking a month-long honeymoon in New Zealand, there are plans at foot to replace him by the Summer.
  • Wellington plans to offer Lloyd's Names shares in the insurer to persuade them to agree to the formation of a new FSA regulated insurance company.
  • Pessimism mounts with further deterioration on back years and rumours that Lloyd's big guns plan to exit market Some of Lloyd's largest capital providers are planning to leave the market after losing patience with the perceived underwriting indisciplin
  • If one was to produce a table of those Lloyd’s insurers “doing well” after the misery of the 11 September attacks and appalling drain of Lloyd’s losses it would be a short one, but Amlin would be up there along with the likes of Kiln and perhaps Hiscox.
  • Embattled programme and captive manager Mutual Risk Management Ltd has raised $100mn in its fight for survival. The Bermuda based company's share price has collapsed from $5.42 to stand at 96 cents (7 March) after first delaying its 2001 results "to compl
  • AIG's legendary leader Hank Greenberg reassured shareholders that the company's recent announcements over directors and officers exposures related to the need for higher rates, rather than an indication of a problem.
  • As the Royal Commission in Sydney Australia continues to take evidence in to the collapse of the 2nd largest domestic Australian insurance company HIH, The Insurance Insider can reveal that its subsidiary FAI was writing PA LMX business via a quota share
  • Over 100 of Aon clients face laddering suits that could hit directors and officers and financial institutions insurers Aon’s enthusiasm for US financial institutions cover in the late nineties is reflected by their clients exposure to the morass of lad
  • Markel International was downgraded by rating agency Fitch after its parent posted a $70mn charge. Fitch Ratings commented, "Markel International's operating performance and capitalization do not support the current ratings." The agency subsequently lower
  • Bermudian reinsurers XL Capital and Ace have settled their disputed property insurance claim with WTC leaseholder Silverstein Properties Inc. In a release Ace commented, "The settlement is based upon a single occurrence and therefore will comprise payment