Advising an insurer on reinsurance recoveries from the US, European and London reinsurance markets. If Banks was in such a tight spot in September , how did he manage to be so generous the following year? But we’re a small non-profit journalism outfit — no billionaire proprietor or paywall — which is why we need ongoing support from readers to:. Enter your email address. He replied. These assets had also not been recorded in the Southern Rock balance sheet prior to their sale, and resulted in the company booking a large capital gain.
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UL said on Thursday it planned to apply for an onshore reinsurance licence and open an office in Malaysia, as part of its push into emerging markets. Lloyd’s has a strategy to expand into developing markets, where insurance typically has low penetration but is growing rapidly, to grab market share from local players. The licence application follows confirmation from the British and Malaysian governments, Lloyd’s said in a statement. In Asia, Lloyd’s already has an office in Singapore and it opened an office in Dubai earlier this year. It is also targeting the Islamic insurance market.
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But no professional reinsurance company is owned by UK shareholders — the Germans, Swiss, Americans and French dominate. Lloyd’s has ceased to be a members-only organisation and now franchises its brand to insurance companies from all over the world. Some syndicates are still UK-owned. What makes the ‘London Market’ different? Can we maintain our pole position in the 21st Century? Robert Woodthorpe Browne is also an active member of the Liberal Democrats, which he has been a member of since his school days.
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Browne Jacobson LLP. Stephenson Harwood. Under the terms of the deal, Brightside duly bought the three companies which constituted Group Direct. Other key lawyers: Colin Read ; Ian Birdsey. Kennedys Law LLP.
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