September 2004/3

Motor insurer Highway Insurance Holdings said it had achieved a profitable first half in 2004 despite tougher market conditions and exceptional costs of £1.6mn relating to its failed merger with Cox insurance earlier in the year and in respect of the FSCS

The London headquartered outsourcing firm Xchanging has been chosen by Arch Insurance Company (Europe) Ltd to run the company's back office requirements.

Lloyd’s syndicates, together with London based QBE International Insurance, filed suits last week against American and United Airlines, over losses they have paid out from the WTC attacks.