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RFIB appoints new King
London market broker RFIB Holdings announced the appointment of Marshall King as CEO.
27 July 2009
Q2 fall-off in securities class action lawsuits: a temporary blip?
Despite the continued spotlight on litigation activity in the financial services sector, so far the overall number of securities class action filings in 2009 is significantly down on 2008, with a particularly sharp drop in the second quarter.
27 July 2009
HSBC Insurance Brokers hit with FSA fine
UK regulator the Financial Services Authority (FSA) last week fined London-based HSBC Insurance Brokers £700,000 for not having adequate systems and controls in place to protect its customers' confidential details.
27 July 2009
Willis wrote 'safety and comfort' letters to Stanford investors, alleges suit
A new legal suit alleges that Willis Group produced personalised "safety and comfort" letters at the request of Stanford International Bank (SIB) that were sent to large investors in SIB's certificates of deposit.
27 July 2009
Hiscox affirmed, but FX gains and reserve releases to decline
UK insurer Hiscox Group has had its A insurer financial strength ratings affirmed by Fitch, along with the BBB+ debt ratings of its holding company, with a stable outlook.
27 July 2009
Hannover Re's European cat bond doubles in size
Hannover Re's proposed European windstorm catastrophe bond, Eurus II, has upsized to EUR150mn, with indicative pricing in the low end of the range at EURIBOR plus 675 basis points.
27 July 2009
Loucaides crowned Jubilee CEO; syndicate merger plan
Jubilee Managing Agency has named Andreas Loucaides as CEO, just nine months after the former Catlin executive joined the expansive Lloyd’s insurer as chief underwriting officer.
27 July 2009
AIU maps out new future with Chartis rebrand
AIU Holdings will operate as Chartis, after the commercial insurance giant announced a rebranding and took a step closer to independence from its beleaguered parent American International Group (AIG).
27 July 2009
People moves
JLT appoints new information chief; CCV unveils new CEO
27 July 2009
Bullish outlook despite profit dip as Beazley feels dollar effect
Beazley plc has launched the Lloyd's interim reporting season with a fall in pre-tax profits from £45.0mn in the first half of 2008 to £20.1mn, as the expected unwind of last year's foreign exchange gains hit the bottom line.
27 July 2009
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