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JLT warned on staff costs
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.
08 September 2006
Sidecars now over $4bn
Sidecar vehicles have now raised more than $4bn in capital since they roared into fashion in the aftermath of Hurricane Katrina last year.
08 September 2006
Weak dollar helps Catlin to record interims
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.
08 September 2006
Cat writers continue to bond with capital markets
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.
08 September 2006
BRIEFINGS - A new monthly column that keeps a watching brief on US and EU legal and regulatory developments
Consolidation of arbitration takes new path
08 September 2006
JLT sells US retail business for $100mn
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
08 September 2006
ZFS outperforms on P&C strength
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.
08 September 2006
Benfield benefits from US cat demand
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
08 September 2006
Lloyd's insurers cash in on cat rates
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.
08 September 2006
Stone Point and Lockton seal discount Alexander Forbes deal
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...
08 September 2006
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