September 2003/1

Waning market share, slower premium rises and fiercer competition among smaller businesses: all are cited as catalysts for a mooted increase in broker M&A Consolidation among brokers is set to increase, according to new analysis by investment bank Morg

Laptop looks at Lloyd’s and ILV pension deficits and questions the increasing actuarial control... Actuaries Lane, Clark and Peacock estimate that, out of the 90 companies in the FTSE-100 index, only 13 showed a surplus of assets over liabilities in th

Hurricane Isabel, which hit the US eastern seaboard with heavy wind and rain on 18 September, is estimated to have caused $1billion of insured property damage - significantly less than early forecasts.

Capital providers at Lloyd's will see their fees reduced next year after the Society restructured the levies charged on each underwriting member. As predicted in the August edition of The Insider, Lloyd's will end the current 2 percent premium levy at

UK insurers are being warned that increases in US reserves against asbestos-related claims could be a taster of things to come for the London market. The warning comes after news that US underwriters have bolstered their reserves for asbestos-related c

AIG backed ruling finds INA liable for Brandywine exposures, ACE to appeal The spectre of asbestos legacy issues hangs over Bermudian-based giant ACE Ltd, with the (re)insurer’s defeat in a landmark case involving Brandywine and ACE INA, inherited with

Following AM Best’s decision to downgrade SCOR to B++ this month, the French reinsurer goes into the key renewal season with its rating below the critical A- from the major agencies.

Under-reserved, GoshawK’s Syndicate 102’s future is on a knife-edge... Embattled Lloyd's insurer GoshawK saw its share price tumble for the second time in three months as the company admitted it was under-reserved by an undisclosed amount. Following

Belgo-Dutch insurer Fortis is set to spin-off its US insurance business in a 2004 New York Stock Exchange IPO that could value the business at around Eur4.2bn.

Munich Re executives met with London based analysts and fund managers earlier this month as the reinsurer sought to reassure the City in the light of its shock downgrade by rating agency Standard & Poor's. In August, Munich Re suffered the humiliatio

Recently announced Lloyd's liability start-up Illium Syndicate 4040 is on the fast track to making its underwriting debut after deciding to buy a majority stake in the existing Lloyd's managing agency of run-off specialist Omni Whittington. Illium will

Rating agency Moody’s believes the current benign trading conditions will see Lloyd’s return a profit of £3.7bn for the 2002 and 2003 years of account. Moody’s has increased its forecast for 2002 to £1.9bn - the equivalent of 14.5 percent of capacity -