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December 2006/2
  • Equitas management share multi-million pound bonuses
    Equitas’ senior executives will share a bonus pool of £10.4mn once the landmark agreement with Berkshire Hathaway is finalised.
    14 December 2006
  • FSA: Few buyers ask for disclosure
    UK regulator the Financial Services Authority (FSA) has written to chief executives of brokers highlighting their responsibility to disclose commissions when requested by clients, in compliance with its Insurance Conduct of Business (ICOB) rules.
    13 December 2006
  • Correction – “Amlin reaps from reinsurance strategy”
    In issue 253 of Insider Week, we erroneously attributed a quote from Morgan Stanley analyst David Collins, to Nick Johnson of Numis.
    11 December 2006
  • Barclays’ former insurance head joins Benfield Advisory
    Des Potter, the former head of insurance at Barclays Capital, joined Benfield Advisory Ltd on 4 December.
    11 December 2006
  • R&Q buys Ancon Insurance
    Randall & Quilter Group Investment Holdings Ltd (R&Q), the UK based acquirer of run-off businesses, confirmed last week that it had acquired its fifth run-off (re)insurer this year with the purchase of Ancon Insurance.
    11 December 2006
  • Aon wins ‘big four’ account from Marsh
    Aon Ltd has won part of the global PricewaterhouseCoopers account from rival Marsh, Insider Week can reveal.
    11 December 2006
  • Aon Professional Risk restructures; Milton retires
    Paul Milton, the chairman of Aon Professional Risks (APR), is set to retire from the organisation as Aon restructures the division’s reporting structures.
    11 December 2006
  • Barclays Bank reinstated as Enron defendant
    Barclays Bank has been reinstated as a defendant in an Enron investor fraud suit by a US judge who gave shareholders a new opportunity to portray the bank’s role in the company’s collapse.
    11 December 2006
  • Lockton Intl swoops for senior Marsh duo
    Lockton International has swooped for senior Marsh duo Chris Brown, the head of risk management for its Europe, Middle East and Africa division, and Neil Nimmo, the head of its London based financial and professional lines operations (FINPRO) practice, In
    11 December 2006
  • JLT stock rated Sell by analyst
    Numis Securities analyst Nick Johnson has re-iterated his Sell rating on the stock of UK broker Jardine Lloyd Thompson plc citing concerns over the weak dollar and a poor trading environment hitting the company’s earnings.
    11 December 2006
  • Hannover Re goes takaful
    German giant Hannover Re has become the latest (re)insurer to offer takaful lines establishing Hannover ReTakaful Bahrain.
    11 December 2006
  • Kiln enjoying ‘strong’ rating environment
    Lloyd’s insurer Kiln plc said pricing across it specialist underwriting portfolio continues to be strong in a trading statement released today (11 December).
    11 December 2006
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