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  • Shares in UK listed broker Jardine Lloyd Thompson Group plc (JLT) have dropped 7 percent today ahead of the company’s announcement of its preliminary 2005 results tomorrow morning.
  • Lloyd’s insurer Wellington Underwriting plc has announced the retirement of its chief underwriting officer David Foreman in a statement to the London Stock Exchange this morning (6 March 2006).
  • Giant reinsurer Swiss Re reported a 41 percent drop in its net income last year it falling to SFR1.451bn from SFR2.475bn in the prior year, a result that reflected a tough year for reinsurers.
  • The London market has exceeded its latest target laid-down in conjunction with UK regulator, the Financial Services Authority (FSA), to ensure contract certainty of policies agreed in December.
  • Shares in (re)insurer Quanta Capital Holdings Ltd collapsed yesterday (2 March) after the company admitted it was putting itself up for sale following deteriorating losses and a downgrade by rating agency AM Best from the crucial A- to B++.
  • Lloyd’s insurer Amlin reported this morning (2 March) a record result of 25.4 percent for the 2003 year of trading on Syndicate 2001, beating the previous record of 21.7 percent on the 2002 account. The company said the result, achieved on a capacity..
  • Marsh UK is in the process of scrapping its final salary pension scheme for its staff and ceasing supplementary benefits for all but the highest earners, The Insurance Insider can reveal. The move is the broker’s latest cost-cutting exercise as its...
  • French reinsurer SCOR has reported a 25 percent increase in premium income renewed at 1 January for non-life, credit and surety treaties.
  • Lloyd’s insurers Talbot Underwriting and Cathedral Underwriting have pointed out that they have not currently agreed to back the $250mn+ London market space consortium being supported by Liberty Syndicates, despite the suggestion to the contrary in...
  • Giant insurer American International Group (AIG) has formed a new unit, AIG Specialty Excess, in order to handle all in-force, new and renewal business currently handled by CV Starr & Co agency, a subsidiary of CV Starr & Co, Inc.