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  • Icap, the world's largest interdealer broker, has joined forces with JLT Group to operate in areas of increasing convergence between the capital markets and the (re)insurance industry.
  • 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.
  • BP Marsh & Partners plc, the London-based investor in specialist insurance and other financial services has taken a 25 percent equity interest in JMD Specialist Insurance Services Group Limited (JMD).
  • Lloyd's has strengthened its ties in the fast growing Asian markets with the launch of a Malaysian subsidiary.
  • Swiss reinsurer Glacier Re reported a 51 percent increase in its premium volume, up to $167.7mn, written during the January renewals.
  • Heritage Underwriting Agency plc's reported that the majority of its forecasts were stable, although the 2004-year of account finished at the high end of ranges on both live syndicates.
  • Rating agency AM Best has upgraded its outlook on the global reinsurance sector from negative to stable for this year.
  • Bermudian (re)insurer ACE Limited has appointed its CEO Evan Greenberg as chairman of the board from May this year.
  • The renewed interest of insurers in obtaining UK brokers has pushed up the deal values in broker mergers and acquisitions (M&A), according to research by Deloitte.
  • Capita Insurance Services, part of the giant UK outsourcing group Capita Group, is in talks to acquire the run-off consultants Claims Management Group Ltd (CMGL), Insider Week understands.