Growth in EU gives Catlin a boost May 14, 2014 Lloyd’s of London-based insurer Catlin has announced it wrote nine per cent more premiums in the first three months of the year, rising to $2.01bn (£1.2bn) from $1.84bn a year earlier. The growth, the company said, was largely driven by demand for reinsurance sold by Catlin Re in Switzerland. The group recorded no catastrophic losses [...]
Prettejohn joins Scottish Widows April 24, 2014 SCOTTISH Widows, the insurer owned by Lloyds Banking Group, yesterday unveiled veteran insurance executive Nick Prettejohn as its new chairman. Prettejohn has a strong insurance pedigree as a former chief executive of Prudential UK, Lloyd’s of London and an ex-chairman of Brit Insurance. Prettejohn will take up the post in June, and will also take [...]
City Moves for 18 June 2014 | Who’s switching jobs June 17, 2014 Edison Investment Research Peter Lynch has been appointed UK oil and gas analyst at the investment intelligence firm. He joins from Tell Investments. Lynch has also previously held positions at Citigroup, where he was a sell-side analyst, Merrill Lynch, and Arthur Andersen. Utilyx The energy consultancy has appointed George Pitt as finance director. He joins [...]
London verges towards record share issuance June 9, 2014 LONDON’S booming stock market is on track for its biggest fundraising haul in a decade, after the first five months of this year outpaced the same period in 2007, figures show. A total of 40 companies have raised £5.7bn since the start of the year, according to Thomson Reuters, topping the £4.93bn raised in the [...]
Amlin’s Formula-E race car partnership puts pedal to the metal June 30, 2014 Lloyd’s-based reinsurance company Amlin gave lunching City-ites something to gawk at yesterday with the unveiling of its new sponsorship target, a Formula-E race car and British race-driver Katherine Legge. What the bejeezus is Formula-E? It’s like your bog standard Formula One except the cars are electric rather than gas guzzling. They also race internationally, [...]
Former Pru chief Prettejohn appointed Scottish Widows chair April 24, 2014 Lloyds Banking Group has confirmed the appointment of Nick Prettejohn, former chief executive of Lloyd’s of London and Prudential UK and Europe, as chairman of Scottish Widows Group. Prettejohn, who’s also been on the board of the Prudential Regulation Authority and is a member of the BBC Trust, will take up his role in June. [...]
Ex-Aviva chief Moss ventures back into City June 2, 2014 FORMER Aviva boss Andrew Moss has re-emerged in his first role since being deposed from the FTSE 100 insurer two years ago. Moss, who was ousted from the company in 2012 after a revolt from shareholders, will join risk consultancy Parker Fitzgerald as chairman of the advisory board, the company confirmed yesterday. “His market knowledge [...]
OneSavings Bank hires ex-Lloyds and Close Brothers execs to board May 14, 2014 Onesavings Bank, which plans to float on the London Stock Exchange next month, has beefed up its board by hiring two more industry veterans, the lender announced yesterday. Ex-Lloyds executive Graham Allatt and former Close Brothers director Mary McNamara have both joined the bank’s board. McNamara was formerly the group’s commercial division, and previously worked [...]
BBA mortgage approvals for April miss expectations May 27, 2014 In April, the number of mortgages approved by the British Bankers' Association (BBA) fell to its lowest point in eight months, reaching 42,200. Analysts had expected the figure to reach 45,200. Recent data from the Bank of England has also showed a slowdown in household borrowing. However, house prices continue to surge, with the London experiencing [...]
Cost of moving in London soars above £20,000 April 21, 2014 LONDONERS are shelling out over £20,000 on average to move house, according to research released this weekend, with the cost of moving rising by nearly £3,000 between 2012 and 2013 alone. The report by Lloyds Bank shows that the average cost of moving house in London ran to £20,825 in 2013, more than double the [...]