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March 2004/1

  • Despite delivering consensus earnings and double-digit growth, Jardine Lloyd Thompson (JLT) saw its share price decline to close on Friday 27 February at 541p, down from 595.5p at the beginning of the month. Sellers of the stock appeared to be unnerve
  • Troubled French reinsurer SCOR revealed the extent events of the last few months have impacted its business prospects on 26 February, admitting 2004 gross premiums are likely to fall 29 percent in non-life and 11 percent in its life reinsurance unit. B
  • Aon's 2003 results were broadly in line with analysts' expectations, with net earnings growing by more than a third and positive work done on de-leveraging the balance sheet with more debt being repaid early. But despite this progress, operating earnings
  • Isle of plenty as start-ups continue to stride forward and the established set reaches maturity Arch rivals fellow start-ups Arch Re followed its fellow Bermudian post-9/11 start-ups by announcing a strident set of results on 17 February, booking net
  • At the time of going to press, the first round of Lloyd's Syndicate 2001 results were beginning to trickle through, as the Corporation's listed vehicles reveal their final figures under the three year accounting system and detail development on the 2002 a
  • In our regular monthly News Digest, we round up key stories from the last month, presenting them to you in easily digestable snippets.
  • London headquartered broker HLF will continue to strip away its layers by transferring its troubled Australian subsidiary Heath Lambert Australia Pty Ltd to Marsh, the world's largest broker. Traditionally a strong performer, the Australian subsidiary
  • In our regular monthly News Digest, we round up key stories from the last month, presenting them to you in easily digestable snippets.
  • Berkshire Hathaway backed Lloyd's insurer Euclidian is considering an IPO that could value the firm at between £100mn-£150mn. The insurer, which underwrites via its Lloyd's Syndicate 1243 and a personal lines, Gibraltar based subsidiary, has approached
  • Swiss Re withdraws controversial London market letter but concerns grow over industry's exposures to US investment banks; Lloyd's sees further deterioration; Enron to cost $30bn? Cracks are appearing in the insurance industry's resolve to cope with th
  • Insurers are pleased with initial developments as faults appear in arguments of WTC leaseholder Silverstein and broker Willis WTC leaseholder Silverstein Properties and reinsurer Swiss Re finally made it to court last month to decide whether the 9/11 a
  • Swiss Re, AIG and others win battle against summary judgment A period of frenetic litigation came to a head last month in a court case brought by oil giant BP against Swiss Re, AIG, AXA, ACE, Aegis and other international insurers for their refusal to