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JLT in advanced talks to buy London reinsurance broker
Listed London market reinsurance intermediary Jardine Lloyd Thompson (JLT) is in advanced talks to purchase independent broker Harman Wicks & Swayne (HWS), The Insurance Insider understands.
21 May 2008
Heath Lambert withdraws wholesale unit from Cooper Gay sale
A major unit in the transfer of Heath Lambert's wholesale division to Cooper Gay will no longer be a part of the proposed sale, The Insurance Insider has learnt.
21 May 2008
Credit crunch may end FSA's 'light touch' approach
The UK's Financial Services Authority (FSA) has suggested that the "light touch phase of the regulatory cycle" may be over, as "lessons are learnt" from the current credit crisis, according to a spokesman.
20 May 2008
Hannover Re predicts low China quake losses
Hannover Re has revealed that its pre-tax net loss burden from the recent Chinese earthquake is likely to be more than EUR10mn.
20 May 2008
Hannover Re sees Q1 profit increase
Hannover Re's net profits rose by more than a fifth to EUR151.5mn in the first quarter, according to the reinsurer's interim report.
20 May 2008
IAG formally rejects QBE's 'final offer'
Australian insurer Insurance Australia Group (IAG) looks poised to offer shareholders an array of initiatives to restore confidence in the company's growth prospects after chairman James Strong formally rejected QBE Insurance's raised offer.
20 May 2008
Florida stays Allstate ban
Florida insurance commissioner Kevin McCarty has stayed an order suspending Allstate's ability to sell new business in the state, according to reports.
19 May 2008
Aspen in $300mn share buyback
Aspen Insurance Holdings Ltd has announced a $300mn share buyback, which will include a deal to repurchase around 4.1 million shares from one of its founding private equity backers, Candover Partners Ltd.
19 May 2008
Brit says sub-prime projections on track; appoints new lead underwriter
Brit Insurance Holdings Plc said sub-prime related claims are developing in line with expectations in its interim management statement to investors.
19 May 2008
Amlin sees revenues fall
Amlin became the latest Lloyd's insurer to confirm that its premium income is falling amid the softening market conditions.
19 May 2008
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