News
No profit for wrongdoers.
Stace & Francis v Ashby & another (Court of Appeal - 7 November 2001).
Two snub Lloyd's.
Lloyd's insurers Goshawk Insurance Holdings and Wellington Underwriting have spurned the market, wit...
Teacher comforts.
In a profession where more and more court cases are being brought for claims resulting from allegedly inadequate levels of education, it may be a comfort for teachers to have the protection a professional indemnity policy can offer, says Veronica Cowan.
Game plan.
Sports events cover has moved into a different league, with insurers offering an increasingly broad range of policies for a variety of events. With the US terrorist attacks adding more pressure, specialist knowledge is the name of the game, says David…
Taisei wiped out by terrorism claims.
Medium-sized Japanese insurer Taisei Fire and Marine has filed for bankruptcy protection, after sayi...
Munich Re reveals Euro 1.2bn net loss
The Munich Re group made a Euro 2.1bn (£1.3bn) pre-tax loss in the third quarter to the end of Septem...
New chief executive for Le Mans Ré
James Veghte has succeeded Jérôme Coggia as chief executive of Le Mans Ré, the French reinsurer that ...
US reinsurance sector performance falls
The latest survey by the Reinsurance Association of America (RAA) showed that the combined ratio of a...
XL boosts capital for Lloyd's syndicates
The Lloyd's managing agent XL Brockbank is shutting down its syndicates 588 and 861, which are backed...
Hannover Re to raise Euro 194m
Hannover Re has announced today that it will embark on a rights issue to increase its capital by Eur ...
Gallagher to buy Morgan, Read & Sharman
US-based broker Arthur J Gallagher is to buy MRS Holdings, the parent company of Lloyd's broker Morga...
No fault liability could cut costs of long tail claims
Insurers could process employer liability claims on a no fault basis to reduce transaction costs by 3...
SVB ups 11 September estimate to £30m
Lloyd's insurer SVB has increased its initial loss estimate from the 11 September terrorist attacks b...
Lloyd's increases WTC loss estimate to £1.9bn
Lloyd's has increased its estimate of net losses relating to the World Trade Center by 45% to £1.9bn....
Sixth new (re)insurer for Bermuda
US insurers AIG and Chubb, together with GS Capital Partners, an investment fund managed by Goldman, ...
PXRe still seeking capital
Bermudian reinsurer PXRe has terminated talks with one of its investors, Select Re, about a possible ...
Lloyd's insurer Goshawk sets up Bermudian reinsurer
The Lloyd's insurer Goshawk plans to raise £101m ($143m) to set up a Bermudian reinsurer to exploit t...
New syndicate for Hampden following Sampo purchase
Hampden, the insurance outsourcing specialist that operates the largest Members' agency at Lloyd's, h...
Markel rebrands in Australia
Markel International is reorganising its Australian operation, R E Brown Australia Pty Limited. The c...
Appointment at St Paul at Lloyd's
Wayne Saich has been appointed active underwriter for the 2002 account at Lloyd's syndicate 227 by St...
Names call for halt to Lloyd's raising capital
The Lloyd's Names Association (LNA) has asked Lloyd's requesting that Lloyd's to stop soliciting new ...
Regulator considers action on Equitable's reinsurance
The UK regulator the Financial Services Authority (FSA) said that it was considering action following...
Wellington to establish new London insurer
Lloyd's insurer Wellington plans to establish a new London-based insurance company by the end of the ...
Amercian Club hikes premiums for 2002
Protection & Indemnity Club the American Club has raised rates by 12.5% in order to raise levels in l...