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Weak dollar hits JLT profits
The competitive trading conditions for insurance broking overshadowed Jardine Lloyd Thompson Group plc’s (JLT) 2006 results this morning where the theme of declining rates and the weak dollar was paramount.
05 March 2007
System failures down in London Market
The number of London Market companies hit by computer system failures has fallen significantly in the last year, according to a survey by the International Underwriting Association (IUA).
22 May 2006
Trans Re launches Singapore office with Saville appointment
Global reinsurer Transatlantic Re has hired a senior vice president to head its new Singapore operation
04 March 2013
LMA sparks war of words over broker remuneration
The trade association for Lloyd's insurers was accused of a "thinly veiled attempt to reduce London brokerage levels" last week as the war of words over broker remuneration broke out once again.
08 May 2006
Admiral’s growth running out of steam, says analyst
UK motor insurer Admiral is facing increasing earnings pressure from softer UK insurance pricing, regulatory change and its decision to reduce volume growth, according to Espirito Santo analyst Joy Ferneyhough.
17 September 2012
US courts uphold precedent in Generali Holocaust case
The United States Court of Appeals for the Second Circuit ruled last week against the relatives of Holocaust victims who purchased insurance policies with Italian insurance giant Generali.
26 January 2010
Berkshire Hathaway buys US insurer Guard
Israeli insurance group Clal has continued to retrench from its overseas acquisitions with an agreement to sell Guard Insurance to National Indemnity, a subsidiary of Berkshire Hathaway
20 August 2012
Wellington’s US head is latest Catlin departure
Stan Kott, CEO of Wellington Underwriting plc’s US arm - Wellington Underwriting Inc - has become the latest high-profile departure following the company’s £600mn takeover by Catlin Group with his resignation this week.
10 January 2007
Marsh UK fires starter’s gun on post-HSBC job cuts
Marsh UK has announced that the axe is set to fall on staff as it pushes through the integration of HSBC Insurance Brokers (HIBL), the UK-headquartered broker whose £135mn acquisition the group completed in April.
07 May 2010
Capital consolidator withdraws ambitious IPO
Berkshire Hathaway backed Lloyd’s consolidation vehicle withdraws AIM float after failing to generate sufficient investor interest. The Insurance Insider analyses what went wrong... On a sticky Thursday afternoon in late July, the management and advis
01 August 2004
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