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US brokers suffer in soft market
US-based brokers Arthur J Gallagher & Co (AJG) and Hilb Rogal & Hobbs (HRH) disappointed analysts with first quarter profits down on expectations last week as the top line suffered from the impact of declining insurance rates.
30 April 2007
Catlin: Wellington integration on track with $600mn hybrid debt issue
Catlin Group Ltd says the integration of Wellington Underwriting has gone well with more business retained than expected and only a small number of unplanned resignations from key staff.
12 January 2007
Laddering threat comes closer to reality
But insurers exposed to the black hole of so-called "laddering" claims, are taking different estimates on the scale of the industry's potential exposure... The potential black hole of laddering liabilities came closer to reality this month when a US c
01 February 2003
JLT settles energy team dispute with RK Harrison
Jardine Lloyd Thompson Group plc (JLT) has settled its legal dispute with three of its former energy brokers for allegedly attempting to take a major client with them when they left.
31 March 2008
ESR broker arrested over bond fraud
David Bedford, director of Lloyd's broker ESR Insurance Services Limited (ESR), has been arrested and released on bail without charge in connection with a police investigation into an alleged fraud for millions of pounds.
11 February 2008
XL Capital boosts US casualty reserves by $184mn
XL Capital will take a $184mn pre-tax ($160mn post-tax) charge in the third quarter to bolster its US casualty reserves, the insurer revealed last week.
20 October 2003
Advent appoints Numis for AIM IPO plan
Lloyd’s reinsurer Advent Holdings has appointed the insurance specialists Numis Securities to advise on a proposed flotation on the London Stock Exchange’s Alternative Investment Market (AIM).
25 April 2005
GoshawK seeks stabiliity for ongoing business
Lloyd's insurer GoshawK laid out its pitch as a successful ongoing business in its latest set of interims with post-tax Group profits of $10.0mn or earnings per share of 5.8 cents against a $50.9mn or 29.1 cents per share loss in the same period a year ea
28 September 2004
Wellington shares fall following $100mn additional storm losses; burns through reinsurance cover
Shares in Lloyd’s insurer Wellington Underwriting plc have fallen more than 6 percent in trading today after the company suddenly increased its Katrina loss estimates by a further $100mn. By mid-afternoon, Wellington’s shares were trading down over...
24 November 2005
Chaucer to face 'predatory' interest, says analyst
Lloyd's insurer Chaucer is likely to be a target for Bermudian (re)insurers and private equity firms, according to Eamonn Flanagan at Shore Capital.
02 July 2007
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