INSURER OF THE YEAR July 31, 2012 OUR INSURER of the year award celebrates firms from across the industry, ranging from small specialists to global giants. Lloyd’s of London firms such as Lancashire qualify for their commitment to innovation and personal service in a global marketplace. Meanwhile the changing face of the British insurance business is recognised with the nomination of firms [...]
Former Lloyds security chief admits to fraud August 7, 2012 A FORMER Lloyds Banking Group anti-fraud chief yesterday admitted cheating the bank of £2.5m in what prosecutors called a “huge breach of trust” against her employer. Jessica Harper, who served as the state-backed firm’s interim head of fraud and security for digital banking, faces a lengthy jail sentence after pleading guilty to fraud and money [...]
FTSE 100 jumps on German court ruling September 12, 2012 The leading share index was up in early trading, as investors reacted positively to news that German judges ruled in favour of the Eurozone’s rescue fund. Meanwhile, holding company Chesnara led the fallers on the FTSE All-Share, down 6.87 per cent. Embattled platinum miner Lonmin shed 5.56 per cent, as strikes continued at its Marikana [...]
CITY VIEWS | CAN THE OLYMPICS LEAVE A LASTING LEGACY? August 8, 2012 GREG MURRAY LLOYDS It depends on how well the site is integrated and the transport links are maintained. If we continue to fund our sports well then further success is guaranteed in the future. MALCOLM BIRD RR DONNELLY I think that much of the Olympic buzz will fade after the Games. But the Olympic park [...]
FTSE 100 up on ECB meeting hopes September 6, 2012 The blue chip index was up in morning trading, as markets were dominated by speculation over European Central Bank policy action at the monthly meeting later today. The Bank of England’s Monetary Policy Committee minutes will also be released today, at 12 noon. Miners led the index up, as Lonmin was an early riser, adding [...]
CITY MOVES WHO’S SWITCHING JOBS July 29, 2012 Lloyds Bank Matthew Packham has been appointed head of the trade, industrials and services sectors at Lloyds Wholesale Banking and Markets. He was previously regional director of the bank’s business support unit, and has also served as head of credit for Lloyds’ US structured finance and financial institutions business. Norton Rose Neil O’May has been [...]
Amlin’s NZ quake bill $83m more than expected November 17, 2011 Amlin, the biggest Lloyd’s of London insurer by market value, has reported higher prices across its main markets and said earthquakes in Japan and New Zealand this year could cost it $83m more than previously thought. Amlin, which issued a profit warning in August due to bigger than expected catastrophe claims, said prices rose by [...]
Weighing up the market’s odds after St Leger day September 16, 2012 FOR fans of horse racing, there was only one place to be this weekend: Doncaster. It was the annual running of the St Leger, a classic race given extra spice by the prospect of seeing Derby winner Camelot repeat the feat of the great Nijinsky and win flat racing’s Triple Crown. For investors of a [...]
Weighing up the market’s odds after St Leger day September 16, 2012 FOR fans of horse racing, there was only one place to be this weekend: Doncaster. It was the annual running of the St Leger, a classic race given extra spice by the prospect of seeing Derby winner Camelot repeat the feat of the great Nijinsky and win flat racing’s Triple Crown. For investors of a [...]
CITY VIEWS | ARE YOU PLANNING TO GO TO THE OLYMPICS? August 2, 2012 DANNY MILLS LLOYD’S OF LONDON I’m not going but being a rower myself, I went ecstatic when I went to see Britain’s first gold medal victory in the rowing a couple of days ago, and having served in the Royal Navy I found the presence of the Armed Forces added to the patriotic fervour. MIKE [...]