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  • News in brief
    Transatlantic in $200mn share buyback authorisation; Atrium's rating affirmed; Arig's credit rating upgraded; First Scottish office for Travelers...
    22 December 2009
  • New Dutch Brit debuts on London Stock Exchange
    Lloyd's (re)insurer Brit's recently Netherlands domiciled holding company today made a EUR314m launch on the London Stock Exchange.
    22 December 2009
  • Willis completes Gras Savoye-Astorg deal
    Willis has completed its leveraged deal to restructure the capital of Gras Savoye & Cie with the original shareholders of the French broker and private equity fund Astorg Partners
    22 December 2009
  • FSA gets tough with record-breaking £34.8m fines in 2009
    The value of fines handed down by UK financial services supervisor the FSA in 2009 jumped 53 percent on 2008 (to Dec 31) to a record-breaking £34.8m, according to London law firm Reynolds Porter Chamberlain (RPC).
    22 December 2009
  • Small brokers offered low-cost entry to e-trading
    Smaller brokers trading in London have been offered the chance to plug in to the Lloyd's Exchange and other electronic initiatives such as the electronic claims files (ECF) and electronic accounting and settlement (A&S)...
    22 December 2009
  • Lovells and Hogan & Harston set for transatlantic merger
    US law firm Hogan & Hartson LLP and UK firm Lovells LLP are set to merge, creating a combine that would rank third globally by number of lawyers, with about 2,500, and eighth by revenue, with as much as $1.8bn.
    22 December 2009
  • ILWs first to use PERILS trigger
    The newly-launched PERILS European windstorm industry loss index has been chosen as the trigger on two industry loss warranty (ILW) contracts.
    22 December 2009
  • Xchanging to shed 250 jobs in costs drive
    London market back office provider Xchanging is axing 250 jobs and will offshore a further 230 positions by the middle of 2010 in a new efficiency drive.  
    22 December 2009
  • Camomile solvent scheme scents approval
    The proposed solvent scheme of arrangement for the Camomile Pool was granted leave to convene a meeting of creditors by the UK High Court last week.
    22 December 2009
  • Clash of the run-off giants to take place in UK
    The bitter battle between run-off groups Enstar and Randall &Quilter (R&Q) will be fought in the UK after the English Court of Appeal upheld a jurisdictional ruling last week in the dispute over the US legacy insurers Seaton Insurance Co and Stonewall Insurance Co.
    22 December 2009
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