All Finance articles – Page 130
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Online onlyNew kid on the block
The Purple Partnership is showing that there is a market for new networks
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News
Stockwatch
Brit was tipped as a key stock purchase by analysts Numis and KBC Peel Hunt this week.The insurer’s share price has experienced hard times of late, suffering a sharp fall following the release of its third quarter results at the end of last year – despite receiving a favourable reception ...
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Hundreds of brokers face FSA closure threat
As deadline looms for discounting goodwill from balance sheets, FSA prepares to act
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Deloitte warns of household losses in 2008
Competition seen as threat to profitability after 2007 flooding losses
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Towergate to begin £1bn refinancing operation
Towergate is to undego a refinancing operation that could see the company’s ex-isting debts consolidated into a package worth over £1bn.It will be the third time the company has refinanced since the merger of Towergate Underwriting and Folgate in November 2005, and follows comments made by group chief executive Andy ...
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Liberty buys Vision
Acquisition to boost Liberty’s UK regional presence and grow product range
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Towergate linked to £1bn refinancing
Towergate is planning a £1bn refinancing of the business to help to fund new acquisitions, according to reports.The group is understood to be looking to arrange a to extent its borrowing facility to a figure of around £1bn through several banks. In November 2006 it raised £580m, courtesy of principal ...
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MMC chief axed as group performance slides
Michael Cherkasky, the chief executive of Marsh & McLennan Companies (MMC), the parent of global broker Marsh, has been axed in the wake of the group’s poor financial performance in 2007.The board of directors said that a change in leadership would “best enable MMC to move forward and enhance shareholder ...
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IIB demands apology over brokers’ Indie losses
Government refuses to amend legislation relating to premiums paid by credit card
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Features
What changes will 2008 bring to the industry?
Insurance Times predicts what will happen in 2008, and casts its eye over the big events of 2007
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Brit in share buy-back move
Board describes move as "highly attractive" investment opportunity
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MMC boss Cherkasky to go following 'shareholder concerns'
Search underway for new chief executive
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IIB to continue its "fight for justice"
Government's decision to not amend legislation deemed unfair to brokers is being called outrageous
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Contract uncertainty hits Leo shares
Shares in property insurance specialist Leo Insurance Services fell 6% as the company announced that one of its business units was likely to lose a major client.The listed property insurance specialist said its subsidiary, Grafton Insurance Services, was expecting to lose a long-term contract worth over a quarter of Grafton’s ...
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Catlin purchases $225m catastrophe swap cover
$87.5m for severe US earthquake and $137.5m for severe US hurricane
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Insurers to receive FSCS refund
£40m levy refund 'reflects recoveries and lower than expected claims volumes'
