Lloyd's of London News – Page 98
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FeaturesThe truth behind the headlines
The 6,000 job losses in insurance announced since the start of the year can’t be blamed just on the credit crunch, says Lauren MacGillivray. Think instead of an industry struggling to understand its cost base and maintain its expense ratios.
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Gustav downgraded to tropical storm after hitting US coastline
New Orleans escapes devastation of Katrina with category two storm.
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Liberty appoints chief risk officer
Jonathan Matthews to oversee Enterprise Risk Management programme.
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NewsMadrid crash ‘won’t change aviation rates’
Airline market remains flat, according to Aon review.
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NewsAon stalks JLT after £800m bid for rival Benfield
JLT tipped to be next on broking giant’s shopping list – its shares spiked after Aon confirmed approach for Benfield.
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Aon lines up more acquisitions
Aon is on the hunt for more major acquisitions following its £700m takeover approach for rival broker Benfield last week. Aon's chief financial officer Christa Davies has indicated that Aon has enormous balance sheet flexibility and that its cash flow could be used for more deals.It is understood that Aon ...
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NewsBuffett reports slump in insurance profits
Berkshire Hathaway profits drop 43% in second quarter.
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News
News in brief
Carvill confirms talksLloyds broker RK Carvill has confirmed it is in discussions with US private equity house Stone Point Capital with a view to selling a stake in the business.It is not known how much the deal could be worth, but Carvill confirmed it had been in talks with the ...
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Councils under pressure to revisit flood plans
Local governments are under pressure to revisit insurance and business continuity plans in the wake of last summer’s floods. The Audit Commission intends to issue guidance to local authorities and auditors about how councils should purchase insurance and mitigate catastrophe exposures.The Commission has teamed up with the Association of Local ...
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News
Swiss Re in talks to buy Barclays life arm
Swiss Re is in talks to buy the life-assurance arm of Barclays, the Times newspaper reports today.It is understood that the Swiss giant is conducting due diligence on the business, which has more than £7 billion under management, in a deal that could be complete within weeks.The business was created ...
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News
Zurich wants clients to go green on rebuilds
Insurer to encourage policyholders to use eco-friendly materials.
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Hiscox assembles niche insurance and reinsurance team
New team expected to boost product range.
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Online onlyAXA calls for £1.5bn in flood defence spending
Insurer says £800m promised by government for 2010-11 falls short.
