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JLT shares rise following interims
Shares in UK headquartered broker Jardine Lloyd Thompson Group plc leapt almost 6 percent this morning on the London Stock Exchange following half-yearly results which contained no nasty surprises.
26 July 2005
Quanta searches for new finance chief
Bermudian insurer Quanta Capital Holdings Ltd has begun the search for a new chief financial officer following the departure of John Brittain Jr last week.
25 July 2005
Senate bid from Safeco CEO
Seattle headquartered property/casualty insurer Safeco has announced that Mike McGavick, its chairman and CEO, will step down in August to enter politics.
25 July 2005
Solvent schemes suffer setback in High Court ruling
Users of solvent schemes of arrangement as a solution to discontinued business suffered a setback last Thursday (21 July) when a High Court judge refused to sanction a scheme for the British Aviation Insurance Company (BAIC).
25 July 2005
Aon wins prestigious Exxon Mobil account
Aon is thought to have won part of the prestigious Exxon Mobil account from its rival Marsh, according to sources.
25 July 2005
QBE correction over European merger
In the July edition of The Insurance Insider we incorrectly say that QBE’s European Commercial division and its European Retail division were to merge to create a single Dublin based operation.
25 July 2005
Heritage withdraws from takeover talks
Lloyd's insurer Heritage Underwriting Agency Ltd has terminated discussions with potential buyers of the business explaining that they “did not consider that any of the proposals received reflected the value of the business to all of its shareholders”.
25 July 2005
US shareholders settlements continue to climb following WorldCom deal
Despite being at an all-time high, US shareholder class action settlements are continuing to rise because of the impact of the mega WorldCom and Enron cases which are setting new standards for shareholder compensation.
25 July 2005
AM Best Europe loses another key executive
AM Best has lost a second key figure from its London office in six months, with the resignation of the well regarded Jose Sanchez-Crespo from his position as general manager of its European Ratings service.
25 July 2005
UK analyst questions Omega bid
A new research note from Shore Capital analyst Eamonn Flanagan has cast doubt on the rationale behind Omega’s bid for fellow Lloyd’s vehicle Hardy Underwriting.
25 July 2005
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