September 2006/3

Confirmation of the steep rise in catastrophe exposed reinsurance came from Guy Carpenter & Co which revealed that rates have increased this year by 76 percent in the US and 129 percent in Mexico.

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 revealing its plans to roll-out

Lloyd’s insurer Hiscox plc revealed today (11 September) that it is relocating its headquearters from London to Bermuda.

UK-listed Chaucer Holdings plc became the latest Lloyd’s insurer to announce a decline in profits due to the weak dollar when it released its interim results today (11 September).