Gaining volumes
Article Abstract:
PWS is a reinsurance broker which has increased its profits despite a drop in premium rates. The company has kept tight control of costs and its stocks are valued modestly. PWS has recovered from problems relating to an acquisition in the late 1980s. The company has strengths in reinsurance of specialist properties such as steel mills and petroleum refineries. PPWS' profit is forecast at 1.2 million pounds sterling by Merrill Lynch for 1997 to 1998, with a rise to 1.4 million pounds for the following year.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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The thrills and spills of Lloyd's
Article Abstract:
Lloyd's of London has permitted limited liability companies to carry out underwriting. The market still depends on Names who pledge their assets to back underwriting risks. They are grouped into syndicates and accounts are kept open for three years, with a reinsurance premium paid at the end of this period. The market was hit by losses between 1988 and 1992 due to overcapacity pushing down premiums, a large number of major disasters, a rise in industrial injury claims, and lax management at Lloyd's.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Wellington Underwriting
Article Abstract:
Wellington Underwriting began as a Lloyd's of London managing agent and initially worked for commission with profits going to names. Wellingtom is carrying out a stock issue to increase its capapcity by buying capacity from Lloyd's names. The company should be aware of the risks involved in its business and investors only risk their investment which is less than the risk run by names. The company's stock price appear to reflect its value and potential scheme, and is attractive to investors.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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