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JLT shares rise on top-line growth
Shares in quoted broker Jardine Lloyd Thompson Group plc (JLT) were trading up this morning after the company reported a 5 percent increase in pre-tax 2007 profits to £95.2mn, and turnover up 3 percent to £473.2mn.
04 March 2008
UK earthquake could cost £30mn
Property damage from the earthquake that hit the UK on 27 February is likely to cause insured losses of between £15-30mn, according to initial estimates by Risk Management Solutions (RMS).
03 March 2008
Glacier continues growth; plans further expansion
Swiss reinsurer Glacier Re continued to grow in 2007 with an increase in premiums and the launch of its first securitisation.
03 March 2008
London acquisition drags HRH's earnings
London market broker Glencairn dragged the 2007 earnings of parent US broker Hilb Rogal & Hobbs' (HRH) down by $0.11 per share, it was revealed last week.
03 March 2008
RSA delivers healthy return; continues legacy disposal
UK general insurer Royal & Sun Alliance (RSA) bounced back to a profit of £638mn for 2007 despite taking a hit from last summer's UK floods.
03 March 2008
S&P boosts Novae over mooted legacy spin-off
Standard & Poor's (S&P) has put a positive outlook on UK insurer Novae's Lloyd's Syndicate 2007 in the expectation that its legacy issues will see further resolution in 2008, through the run-off or sale of the affected business.
03 March 2008
SCA future bleak; Berkshire and Assured pick up new business
The dramatic lowering of SCA’s rating by Standard & Poor's (S&P) last week from AAA to A- was part of a series of actions by the ratings agency on the troubled bond insurance sector, which has been beset by sub-prime related losses.
03 March 2008
XL takes yet further credit writedowns; reveals GIC exposure
XL Capital added to fourth quarter losses arising from its relationship with troubled bond insurer Security Capital Assurance (SCA) in a Securities & Exchange Commission (SEC) filing after close of markets Friday (29 February).
03 March 2008
Guy Carpenter power base shifts back to New York
The appointment of Peter Zaffino as CEO and Britt Newhouse as chairman at Guy Carpenter marks a statement of intent by Brian Duperreault as he seeks to gather his senior lieutenants around him in New York...
03 March 2008
Microsoft in London market initiative
Microsoft has teamed up with six insurance IT firms in a bid to provide a "one-stop-shop" for the London market.
03 March 2008
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