Lloyd's of London News – Page 89
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Online onlyTotal blamed for £700m Buncefield damages
French oil giant's pay out includes £5m to Allianz
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Online onlyFSA fines broker for misleading clients
Blackburn-based broker also rapped for network control failings
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Markets & RisksRisk: Gulf wind and energy
Like the oil platforms that were ravaged by hurricane Ike, the Gulf of Mexico wind storm book lies in ruins, writes Lauren MacGillivray.It wasn’t supposed to be like this. By the time Ike hit land in September 2008, it had weakened to a Category 2 storm, according to the Saffir-Simpson ...
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NewsBuffett upbeat on insurance despite economic ‘shambles’
Berkshire Hathaway reports 'worst ever' results
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Online onlyAon hires risk control head
Broker appoints former NU Risk Services founder Graham Heath
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Liberty forms UK crisis management team
LIU Europe to target London market, UK regions and Europe
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NewsSwiss Re vows to buy back Berkshire Hathaway stake
But analysts voice doubts over plan as rating agencies downgrade reinsurer
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News AnalysisSwiss Re: after the £500m loss
Its chief executive has left and its credit ratings are tumbling. Angelique Ruzicka asks if a cash injection from Warren Buffett and a pledge to go ‘back to basics’ will be enough to persuade insurers and brokers to place business with the reinsurer
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Online onlyGlacier Group to undergo restructure
Dirk Turley is appointed as chief strategic officer
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NewsLloyd’s is in ‘strong position’ to survive financial storms
We learnt our lesson the hard way in the early 1990s, says franchise director
