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  • Two months after Jardine Lloyd Thompson’s (JLT) proposed takeover of rival Heath Lambert fell through, analysts have turned their attention to the quoted UK broker’s prospects as an independent entity.
  • Sidecar vehicles have now raised more than $4bn in capital since they roared into fashion in the aftermath of Hurricane Katrina last year.
  • In contrast to many of its Lloyd's competitors, the Bermuda-headquartered Catlin Group received a currency boost from the weak dollar which contributed to record net income of $147.3mn for the first half of 2006.
  • Bookmakers will rarely accept bets once the race has started which explains why – halfway through the Atlantic hurricane season – there have not been any recent US windstorm catastrophe (cat) bonds.
  • In a strategic volte-face, Jardine Lloyd Thompson Group plc (JLT) has sold its US property casualty and employee benefits operations to Alliant Insurance Services Inc for $100mn (£53.3mn) little more than three years after deciding to build a US retail pl
  • Insurance giant Zurich Financial Services (ZFS) reported half-year net profits of $1.96bn, up 9 percent on the first six months of 2005, and ahead of analysts’ consensus of $1.8bn.
  • It was a tale of two markets for reinsurance specialist Benfield Group with disappointing news on its new corporate risks division being more than matched by impressive earnings growth in its US division on the back of the capacity crunch for catastrophe
  • Lloyd’s insurers saw half-year profits dented by the impact of foreign exchange adjustments, with the effect on the bottom line partially influenced by the hedging strategy company's employed.
  • The going rate for a privately owned broker is typically one to one-and-a-half times annual broking revenues, which suggests US broker Lockton Company and the private equity firm Stone Point Capital LLC bought Alexander Forbes’ international arm...