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Ireland

Jobs fears over Travelers restructure

Travelers Insurance has confirmed that it has undertaken a strategic review of its underwriting function and is currently consulting with UK-based underwriting and operations staff regarding its plans.

XL reports $475m loss

XL has reported a net loss of $475m (£301.3m) for 2011 along with a combined operating ratio of 107.5% for property and casualty (P&C) business.

JLT snaps up Irish broker

Jardine Lloyd Thompson’s (JLT) Irish arm has acquired FBD Insurance Brokers, an insurance broker based in Ireland in a deal worth up to €8.5m (£7.1m).

Quinn's wife ordered to repay €3m loan

Patricia Quinn, wife of bankrupt businessman Sean Quinn, has been ordered to repay more than €3m (£2.6m), to the Irish Bank Resolution Corporation (IBRC), formerly Anglo Irish Bank, according to the Irish Times.

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