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May 2006/4
  • JLT receives China approval
    UK-listed Jardine Lloyd Thompson Group plc (JLT) today (18 May) announced it has became the latest Western broker to receive approval from regulators for a Chinese (re)insurance broking operation.
    18 May 2006
  • Lancashire to write less business than planned in 2006; RoEs on target
    Start-up (re)insurer Lancashire Holdings Ltd has blamed a sluggish marine market for writing less business this year than it initially planned, according to a trading statement issued today (17 May).
    17 May 2006
  • Net income rises at SCOR
    French reinsurer SCOR today (16 May) reported a 61 percent rise in its first quarter income to EUR53mn from EUR33mn in the prior-year period.
    16 May 2006
  • Quanta upgraded on take-over prospects
    Shareholders in the embattled insurance group Quanta Capital Holdings Ltd received a glimmer of good news last week when a US analyst upgraded the company's prospects on the possibility of a sale.
    15 May 2006
  • Converium upbeat on April renewals
    Swiss reinsurer Converium has reported a successful 1 April non-life renewal season as the company continues on the road to recovery.
    15 May 2006
  • Quarterly profits up at Munich Re
    German giant Munich Re has announced quarterly profits of EUR979mn on the 9 May, up 41.7 percent from the EUR691 in the prior-year period.
    15 May 2006
  • Aon u-turn on Docklands move
    Aon Ltd, the UK arm of broking giant Aon Corp, has ditched plans to move its London operations out of the City of London and to the Docklands.
    15 May 2006
  • Gallagher acquires consultancy
    US retail broker Arthur J Gallagher has acquired Florida consultancy form YS Liedman & Associates.
    15 May 2006
  • Glencairn parts company with Adam Fox
    London market broker Glencairn Ltd has parted company with Adam Fox, the head of its reinsurance operations.
    15 May 2006
  • US scandals makes D&O claims tough to administer
    The corporate scandals that have hit the US in the last few years have made the directors and officers (D&O) market, the toughest to administer claims, according to experts at a London-based conference.
    15 May 2006
  • London on course to meet contract certainty deadline
    London is on course to meet the Financial Services Authority's (FSA) 85 percent contract certainty deadline by the end of the year, according to the findings of a survey by IT company Sungard.
    15 May 2006
  • London insurers relieved after GoshawK disclosure decision
    London market broker Tyser & Co has been refused leave to appeal a decision that upheld market custom that underwriters are entitled to placing and claims documentation held by broker.
    15 May 2006
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