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JLT impresses with 5% organic growth
Expansive UK-listed broker Jardine Lloyd Thompson (JLT) impressed analysts as it booked 5 percent organic growth in 2009.
09 March 2010
Lloyd’s aims to double Asian business
As Lloyd's opens its new office in Tokyo, its chairman Lord Levene has targeted a twofold increase in the amount of business it writes in Asia.
09 March 2010
Hannover prepares for further life opportunities
Hannover Re completed a $500mn letter of credit facility with Deutsche Bank last week to support its further expansion into the life reinsurance sector.
09 March 2010
Scor boosts bottom line by 20% in 2009
Scor - the last of the major Continental reinsurers to report - saw profits climb by a fifth in 2009 as it capitalised on a more favourable cat environment and the recovery of the financial markets.
09 March 2010
Willis must battle raft of Stanford-related class actions in 2010
In its 2009 SEC annual report filing, international broker Willis updated the market on the barrage of class actions filed over its role as insurance broker to the disgraced Stanford Financial Group (SFG).
09 March 2010
US coastal property defies softening trend
A survey of rates carried out by insurance exchange Marketscout indicates that US coastal property rates are firming to buck the softening trend in the wider property casualty market.
09 March 2010
US February winter storms could cost $1.35bn
The three winter storms that hit the northeast US coast in February could cost $1.35bn according to catastrophe modelling firm AIR.
09 March 2010
Allianz Xynthia loss to exceed EUR100mn
Allianz expects to see claims costs in excess of EUR100mn from Windstorm Xynthia, according to a spokesperson for the firm.
09 March 2010
Tolle: Lloyd’s needs centralised claims adjusting
If Lloyd's is to ever get a grip on claims settling the managing agencies will have to set up a central claims handling facility, ex franchise performance director Rolf Tolle believes.
09 March 2010
Novae 2009 profits plunge after first half claims take toll
Lloyd's insurer Novae saw pre-tax profits plummet from £40.2mn in 2008 to £4.2mn in 2009, after a difficult first half punctuated by aviation reinsurance and trade credit losses.
09 March 2010
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