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Hardy staying in London – for now
Lloyd's insurer Hardy Underwriting Group has revealed that it will stay in London, but that the possibility of moving to a low tax jurisdiction remains firmly in its sights.
26 March 2007
RK Harrison recruits JLT energy execs
RK Harrison, the independent London market broker, has confirmed the arrival of five former energy brokers from rival Jardine Lloyd Thompson Group plc (JLT).
26 March 2007
Xchanging announces IPO plans
Xchanging, the outsourcing firm which runs the London market’s back office, has confirmed its plans to float on the London Stock Exchange.
26 March 2007
AXA denies Generali bid
French insurance giant AXA SA has denied it is interested in making a play for its Italian rival Generali Assicurazioni SpA.
26 March 2007
QBE bond 'fraud' trial set for November
QBE Limit and Markel are set for a November High Court showdown with broker Surety Guarantee Consultants Ltd (SGC) over allegations of fraud in connection with construction bonds it issued as a coverholder.
26 March 2007
Lloyd's insurers raise dividends following bumper year
Lloyd's-based insurers joined their peers in Europe and across the Atlantic in giving additional capital back to their shareholders.
26 March 2007
Starr takes role with Lloyd’s in China
Managing agency CV Starr will be one of the underwriters for Lloyd's newly licensed Chinese reinsurance operation, it was revealed last week.
26 March 2007
WFUM pool scheme companies to apply for court sanction
PRO Insurance Solutions Ltd, the proposed Scheme Manager of the WFUM Pools Scheme, has confirmed that the 14 WFUM pools scheme companies are applying to the UK High Court for approval.
26 March 2007
Asbestos drags Munich Re America to $1bn loss
The spectre of asbestos returned to haunt reinsurance giant Munich Re as it revealed in its full annual report on 20 March a $600mn strengthening of loss reserves for related claims.
26 March 2007
No buyback despite record Generali profits
Italian (re)insurance giant Generali disappointed analysts by failing to announce a special share buyback scheme despite reporting record net profits of EUR2.4bn for 2006, a rise of 25.3 percent.
26 March 2007
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