September 2004/5

Hardy Underwriting revealed the extent of Lloyd's determination to ratchet up its capital requirements by explaining that Syndicate 382's risk based capital ratio (RBC) is likely to climb from a current 42 percent to 58.3 percent next year.

GoshwawK, the parent of Bermudian reinsurer Rosemont Re, has revealed that it is the latest insurer to face exposure to controversial US bail bond losses.

Lloyd's insurer Hiscox plc is scaling back its plans to shrink the size of its Syndicate 33 in response to the hurricanes which have already caused an estimated $20bn of insured loses.

US storms set to hit 3Q earnings with industry losses set to rise above $20bn The state of Florida took yet another battering this week in what is turning out to be one of the worst hurricane seasons on record. This time it was the turn of Hurricane J