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July 2007/3

  • UK-listed broker Jardine Lloyd Thompson Group plc is suing three of its former energy brokers...
  • Lloyd's specialist broker Thompson Heath & Bond (THB) Group has recruited a new wholesale broking team from Heath Lambert Group.
  • It was only recently that a US judge was bemoaning the lack of case law on reinsurance broking commissions and then along comes Benfield Group suing rival Aon Re for $2.4m in damages...
  • Newman Martin and Buchan Ltd (NMB) has become the latest broker to launch a capital markets division, joining its larger competitors such as Benfield Advisory and Guy Carpenter’s investment banking specialty practice...
  • Lloyd's unique capital structure which allows double use of assets is its key to producing strong returns for investors, according to a recent study by Professor Tim Congdon.
  • US wholesale broker AmWINS Group, Inc has bought marine insurers The American Equity Underwriters, Inc, and refinanced its debt to fund further "strategic acquisitions".
  • Andrew Carrier, active underwriter of Kiln Ltd’s catastrophe Syndicate 557 and the reinsurance division of its Syndicate 510, has quit the Lloyd’s insurer.
  • Transaction allows US insurer to issue regulatory capital following natural cat losses
  • Canopius has become the latest Lloyd's insurer to reveal plans to reduce its capacity limit next year, following recent announcements from Hiscox plc and Kiln plc.
  • Liberty Syndicates - one of the largest Lloyd's (re)insurers - is set to end its search for a new CEO by appointing Nick Metcalf to the role, according to market sources.
  • Directors and related parties of a number of London market companies bought shares in the lead-up to the closed trading period ahead of interim results, despite the fall in specialty insurance stocks in June.
  • The heads of the GCFac team that defected to rival Integro Ltd in April have won a UK Court of Appeal judgment preventing former employer Guy Carpenter from suing them in New York.