BAT in smoke clouds

Article Abstract:

BAT Industries is involved in both the tobacco industry and insurance. The group's insurance arm will merge with Zurich, while the tobacco arm has been affected by uncertainty over US litigation. Three brokers from a sample of six rate the company's stocks a hold, and three rate them a buy. The holders are Greig Middleton, Societe Generale, and Paribas, all of which are concerned about a tobacco industry settlement. The buyers are Robert Fleming, Charterhouse Tilney, and Merrill Lynch, a long-term buyer.

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All change for Lloyd's

Article Abstract:

Lloyd's of London has allowed companies to provide underwriting capacity and plans further changes likely to decrease the number of Names, or private individuals, involved in the market. Possible changes include an increase in the minimum wealth level a Name has to possess, and houses may no longer be permitted as collateral. Names may also be restricted to underwriting half the previous level of business for given wealth levels. This would affect their profits and lead to many departures of Names.

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Claims Direct

Article Abstract:

Claims Direct specializes in personal injury claims, an area where there is strong growth, though the company faces a rise in competition.

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