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Icap moves into (re)insurance trading with joint venture
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.
05 March 2007
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
BP Marsh takes stake in JMD
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).
05 March 2007
Lloyd's launches Malaysian subsidiary
Lloyd's has strengthened its ties in the fast growing Asian markets with the launch of a Malaysian subsidiary.
05 March 2007
Glacier Re sees revenue leap
Swiss reinsurer Glacier Re reported a 51 percent increase in its premium volume, up to $167.7mn, written during the January renewals.
05 March 2007
Heritage forecasts stable
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.
05 March 2007
Best upgrades reinsurance to stable
Rating agency AM Best has upgraded its outlook on the global reinsurance sector from negative to stable for this year.
05 March 2007
Greenberg appointed ACE chairman
Bermudian (re)insurer ACE Limited has appointed its CEO Evan Greenberg as chairman of the board from May this year.
05 March 2007
Insurers grab for distribution drives broker M&A
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.
05 March 2007
Capita considers CMGL bid
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.
05 March 2007
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