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Casualty tops Bolt’s worry list
Tom Bolt, director of performance management at Lloyd's, is bearish on sector prospects and is especially concerned about "unsustainable" reserve releases in the casualty market, according to analysts at stockbroker Collins Stewart.
28 June 2010
London wholesaler forms reinsurance unit
London market wholesaler Price Forbes & Partners said last week that it was opening a reinsurance arm after hiring a senior HSBC executive.
28 June 2010
THB benefits from strong dollar
Independent London market (re)insurance broker Thomson Heath and Bond Group (THB) saw fees and commissions rise 5 percent in the first half of 2010 to £24.6mn, fuelled by organic growth and a stronger US dollar.
28 June 2010
Just another acronym on Capitol Hill?
New regulator is a missed opportunity to streamline byzantine US regulation
28 June 2010
R&Q spies Solvency II opportunities
UK-quoted Randall & Quilter Investment Holdings (R&Q) has issued an upbeat business prognosis following its recent acquisition trail, with Solvency II holding out opportunities in Europe.
28 June 2010
Watch the price ticker not the stock picker
Sometimes the best way of getting the most rounded view of a knotty subject is to cast logic aside and simply observe what the markets think.
28 June 2010
Stanford gets solo trial
Disgraced Texas financier Allen Stanford, who is accused of orchestrating a $7bn Ponzi scheme, will stand trial alone after his co-defendants and former Stanford Financial Group (SFG) executives were granted separate trials.
28 June 2010
AIG restructures comp agreements as tensions simmer over Pru deal
American International Group (AIG) has revamped its compensation structure in an attempt to hold on to top talent, as it continues efforts to repay its government loan.
28 June 2010
Aon to shore up London’s financial services unit after defections
Aon Ltd is poised to end a prolonged period of shared leadership in its London-based Financial Services Group by drafting in a Bermuda-based executive to head up the division.
28 June 2010
BP prepares $700mn lawsuit against Transocean
BP is set to escalate its legal action against Swiss drilling contractor Transocean, with a potential $700mn lawsuit currently being prepared in the US, according to reports.
28 June 2010
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