The week's winners
GoshawK up 4%
Atrium up 2.6%

The week's winnersGoshawK up 4% Atrium up 2.6%

The week's losersSVB down 10.5%Aviva down 8.6%Allianz down 7%It's been a difficult market overall and especially for insurers, as evidenced by the big falls affecting this week's losers.Royal & SunAlliance's announcement that it was putting just £500m into reserves rather than the £800m it warned us about last month failed to spark any jump for joy in its share price.At less than 90p, R&SA's stock has little to show for its £960m rights issue.The Innovation Group, too, was trying to sell itself to the City as a recovery story.At less than 20p a share, the company has hardly started on the road back to the dizzy heights it once commanded when it was selling at nearly 300p. But founder Rob Terry has apparently sold most of his stock and the company has a stronger shareholder base than before.Over at Lloyd's, a number of quoted vehicles published updates. Hiscox confirmed it has hit its target of £847m of capacity for next year, of which it will own 65%. Amlin slightly upped its figures for its Syndicate 2001 on its 2002 year of account. It had expected a profit of between 12% and 17% of its £800m capacity but raised its sights to between 13.5% and 18.5%. It described conditions as "favourable", saying the forecast could continue to improve given normal loss levels.Hardy kept its forecasts unchanged on Syndicate 382 for both years 2001 and 2002 at between 8.5% and 13.5% and between 15% and 20% respectively.Troubled GoshawK, meanwhile, announced it had officially removed the 'for sale' sign following its decision to exit Lloyd's and concentrate on its Bermuda-based reinsurance operations.CNA Surety was last week downgraded by AM Best to A from A+, while CNA Insurance Companies remains at A.

Topics