Ireland

Quinn faces 'punitive' action over contempt ruling

A judge has told Seán Quinn it would be difficult to persuade her against enforcing ‘punitive’ action against him, after he was found in contempt of court for putting assets beyond the reach of the former Anglo-Irish Bank.

JLT claims positive start to 2012

Jardine Lloyd Thompson (JLT) said its financial position remains strong, in an interim management statement covering the period between 1 January and 25 April 2012.

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.

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