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  • Heritage is set to capitalise on the improved rating environment for UK liability by spinning off a new Lloyd's Syndicate from their existing operations, The Insider can reveal.
  • The pricing of professional indemnity risks continues to be an art form as underwriters work against a backdrop of litigation trends and unpredictable Government intervention. But delegates attending Aon's 2 June liability seminar “The Global Landscape
  • Munich Re - the world's largest reinsurer by premium - released first quarter results showing an improvement on the final quarter of last year, but massive deterioration on the comparable first three months of 2002. The German group conceded earlier t
  • Lloyd's insurer Brit expects to write upwards of £1.15bn total gross premium income in 2003 after strong 2003 renewals and new business flow in the first few months of the year. This projection is based largely on its recent all-paper acquisition of PRI (
  • In the early 1980s, when Lloyd's recruitment drive signed up thousands of new members, little mention was made of open years. Yet twice since, as the underwriting cycle bottomed out, open years have become a millstone around the necks of capital providers
  • Hannover Re, the world's fifth largest reinsurer, responded to concerns over its geared capital base by raising EUR500mn in two equity offers earlier this month. The reinsurer issued 10 percent of its share capital to institutional investors on 12 June
  • Shares in Benfield Group began conditional trading on the London Stock Exchange on Friday 13 June as the company announced the pricing of its IPO at 250p per share. The debut was towards the upper end of the 200p to 260p indicative price range, and val
  • Bermuda based Allied World Assurance Holdings announced last Wednesday the opening of the London underwriting office of its Irish insurance subsidiary, marking a further step in its rapid expansion. Allied World Assurance Company (Europe) Limited (AWAC-E)
  • Following protracted – but eventually successful – attempts to gain PRI board support for its takeover bid, Brit was pleased to announce last Friday the swift unconditional shareholder acceptance of its all share Offer.
  • Franchise Board member Stephen Catlin has relinquished his duties as active underwriter on Lloyd’s Syndicate 2003, handing the reins to Paul Brand, his deputy of the past 12 years.