View more on these topics

Lloyds Names remain

The end is not nigh for Lloyd&#39s Names according to the Association of Lloyd&#39s Members.


Many commentators and market professionals had assumed that names would not support the Lloyd&#39s of London insurance market for much longer.


ALM cited the number of Names converting from investing on an unlimited liability basis to limited liability vehicles as an indication Names will persist.


The number of Names investing in Lloyd&#39s on an unlimited liability basis will have sunk from a peak of 34,000 in 1992 to 3,300 next year.


ALM&#39s Robert Miller, said: “Limited liability names are expected to provide £1.21bn of capacity next year, an increase of 55 per cent on this year.


“his strongly suggests large numbers of Names are planning to remain underwriting at Lloyd&#39s for the long term, even when trading conditions are bad.”

Recommended

Borrowers shun traditional mortgage – survey

Borrowers are shunning traditional style mortgages in favour of more flexible products, according to new research by Mori.The Alliance & Leicester-commissioned poll of 2,000 people showed one in three respondents found mortgages allowing quicker pay-off the most attractive.A&L mortgage manager Jill Butterwood highlighted borrowers were looking for mortgages with the flexibility to adapt to changes […]

City job boost for unemployed

The British jobless could find themselves plucked from the dole queue and given jobs in the City, if plans discussed by Government ministers go ahead.Minister Tessa Jowell and financial secretary to the Treasury financial secretary Stephen Timms have hosted a seminar to discuss how the US pioneered scheme could work in the UK.The US scheme […]

Mutuality receives thumbs up

Mutuality received a ringing endorsement from the TUC and Chelsea Building Society last week as both publicly defended the need for mutuals.TUC general secretary John Monk described the defeat of Murray Financial&#39s bid to turn Leek United into a bank as “brilliant news”. He said: “Its vital we keep a strong mutual sector in Britain. […]

No early Xmas for BoS

Bank of Scotland&#39s Christmas wish to complete its bid for National Westminster Bank will not be granted.The new timetable for the hostile takeover attempt will go beyond the original December 17 closing date. The new date will not be known until rival bidder Royal Bank of Scotland posts its formal offer document.Some BoS advisers had […]

Neptune video: Indian valuations and Modi’s pro-investment agenda

Kunal Desai, Head of Indian Equities, discusses his expectations for the Indian market and highlights the key indicators that he is watching for 2015.

In the video, Kunal addresses:

• Indian equity valuations and the importance of stock selection in gaining exposure to the earnings upgrade cycle

• The BJP’s strengthening ambition in its pro-reform, pro-investment agenda

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment