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Quinn suitors given 16 July deadline
Macquarie Capital, which is managing the sale of troubled Quinn Insurance and sister company Quinn Healthcare, has set a 16 July deadline for expressions of interest, The Insurance Insider revealed
12 July 2010
Novae shareholders in line for special dividend after restructure
Lloyd's insurer Novae is expected to return between 35p and 40p per share to its investors unless the rating environment changes radically in the second half of the year, according to analysts at KBC Peel Hunt.
12 July 2010
Low 2010 claims fuel return to aviation profits
Although airline insurance rates were flat-to-down at the July renewals, the market is finally heading into a return to profit after three years of turbulence, reports Aon.
12 July 2010
Cost of insurance CDS swaps rises on sovereign debt fears
The cost of insuring against (re)insurance company defaults has risen significantly in a jittery six months marked by European governments arguing over how to settle the Greek deficit crisis.
12 July 2010
Ace shares gain 5% on return to S&P 500
Global specialty insurer Ace added 5 percent to its share price in trading on Friday (9 July), as the stock was buoyed by the announcement that it would rejoin the Standard & Poor's (S&P) 500 share index.
12 July 2010
Levene has no plans to leave Lloyd’s early, says Ward
Lloyd's CEO Richard Ward has dismissed suggestions that his chairman Lord Levene of Portsoken will step down early to concentrate on his new retail banking venture.
12 July 2010
Don’t ban jewellers’ shops
The debate about broker remuneration tends to evoke as much hysteria from one side as it does paranoia from the other.
12 July 2010
Xchanging makes commitments to London in open letter
Business process provider Xchanging has committed to delivering a "step change" in service standards, in a letter sent to all London market CEOs.
12 July 2010
Willis is best-performing broker stock in H1 2010
The defensive insurance broker stocks largely out-performed their underwriting counterparts in the first half of 2010, with Willis Group heading the league table.
12 July 2010
Cooper Gay completes $3.5bn US merger
London-headquartered international broker Cooper Gay and US wholesaler Swett & Crawford finalised the details of their $3.5bn merger last week, after a month of intense discussions.
12 July 2010
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