July 2010/3

Jardine Lloyd Thompson Group (JLT) is the broker for a share of the reinsurance cover for one of the local carriers insuring a Nigerian national oil company currently at the centre of overcharging allegations, it has emerged.

Secondary market cat bond pricing increased by a modest 0.2 percent last week, showing weak signs of recovery after a mammoth eight-week slide where valuations fell by more than 2 percent.

Independent London market (re)insurance broker BMS is in discussions with Lloyd's to launch a syndicate, The Insurance Insider can reveal.

In a move that could have profound consequences for some independent London wholesalers, as of this week Aon has ordered its global workforce to use its own resources to access wholesale markets, such as London, rather than sub-contract to rival brokers.