All Finance articles – Page 135
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Erinaceous reports H1 pretax loss; says will not meet FY market view
Erinaceous posts H1 pretax losss; says integration of acquisitions and divisional management changes had a 'detrimental effect' on results.
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Online onlyMorocco reinsurer gets positive rating
Société Centrale de Réassurance shown to be in a good position by S&P
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Heritage profits soar despite UK reduction
Heritage this week reported pre-tax profit had more than tripled in the first half of the year. Pre-tax profit was £10.5m up from £3m in 2006. But the company will continue to withdraw from the UK market owing to difficult conditions. Unveiling the company’s interim results, Heritage chief executive Richard ...
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Online onlyMarine faces a flood
Insurers in the marine market could get their fingers burnt, finds Andrew Holt
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Heritage H1 profits treble
Heritage Underwriting sees first half pretax profits more than treble
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Financial news
?Novae profit jumps 22%Novae posted pre-tax profit of £17.7m for the six months ended 30 June 2007, up 22% on the same period last year. Gross premium revenue fell to £135m from £147.6m in 2006. Benign season helps Omega profitOmega Insurance’s first half profit more than doubled to $20.4m ...
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NewsTradex to target homes in high net worth drive
Tradex is to continue its expansion into the high net worth sector following the expiry of legal restrictions on its chairman. The motor trade specialist is gearing up to target the high net worth home market after a restrictive covenant on the chairman, Tony Lumsden-Cook, expired at the end of ...
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Ellis slams buyers who overpay for brokers
Broker Network chief executive Grant Ellis has hit out at the unrealistically high prices being paid for brokers by consolidators. Ellis said some acquirers were paying over the odds for brokers and demonstrated a lack of rigour when it came to calculating the potential returns. His comments were made as ...
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Brokers seek insurer cash as credit crunch hits
Turmoil in credit markets could stall broker consolidation drive say industry figures
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Aquilo sells business units after delisting
?Claims specialist Aquilo has sold two of its business units a week after delisting from the stock market. Aquilo’s building claims business, AIRS, has been sold to building maintenance company Rok for £2.1m. Meanwhile Aquilo’s home contents replacement service, ABS, has been bought by Powerplay Direct, for an undisclosed price. ...
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Resolution H1 profit up on Abbey acquisition
Resolution interim profit rose sharply boosted by Abbey contribution
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Atrium Underwriting H1 pretax triples
Atrium Underwriting posts a tripled first-half pretax profit
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Omega Insurance H1 pretax profit surges
Omega Insurance has reported that first half pretax profits doubled
