All Finance articles – Page 136
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Online onlyInsurers need to improve on climate change
Andrew Holt finds that some insurers have been slow to act on developing climate change strategies
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Hardy H1 profit rises 49%
Hardy Underwriting saw a 49% rise in first-half pretax profits, helped by a benign claims season and strong property and catastrophe underwriting prices.
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News
Rein in discounts, says Highway chief
Highway Insurance chief executive Andrew Gibson has warned that market deals with brokers and premium discounts need to be reined in if the motor market is to achieve profitability. The motor specialist this week unveiled its interim results which highlighted challenging market conditions. The company saw pre-tax profits rise ...
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News Analysis
Independent: the case so far
Michael Bright stands firm under cross examination from lawyers acting for the Serious Fraud Office
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News
Chaucer to focus on cars
Chaucer will focus on the recovering UK private motor market in 2007 as the commercial motor market continues to suffer from falling rates. Unveiling its interim results, the Lloyd’s insurer said it would be taking into account a predicted upswing in private motor rates in the coming months. It ...
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News
Norwich Union to take stake in broker Giles
Norwich Union (NU) is poised to take a minority stake in broker Giles Insurance in a move that will further fuel the debate over broker ownership. Sources close to the deal said the insurance giant was in advanced negotiations to buy a 7% stake in the privately owned broker. It ...
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News
Benfield shares fall as profits fail to hit target
Shares in Benfield Group fell sharply this week following the release of interim results that failed to meet analysts’ expectations. But the group’s new primary broking operation saw its trading losses halve on the back of business gains. Benfield’s share price plunged over 10% to ...
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News
Aquilo to de-list from AIM as IT business flounders
Struggling claims specialist Aquilo is to de-list from the stock market and has put its IT claims handling business into administration. The decision to de-list from AIM was taken at the company’s annual meeting this week. Aquilo said the benefits of listing on AIM no longer outweighed the ...
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News
Zurich puts flood claims bill at £325m
?Zurich Financial Services Group revealed this week that it expected aggregate claims payments of up to $260m (£128m) in relation to the July floods. The news brings the insurance giant’s total aggregate claims from the summer floods to $660m (£325m). Last month it predicted that claims from the ...
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Online onlySwiss Re rating looks good and stable
S&P gives Swiss Re AA- rating pending transfer of assets
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Online onlyThe terrorism challenge
Businesses cannot be complacent over the terrorist threat warns Aon
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Zurich expect $260m flood claims
Zurich Financial Services said it expects $260m in claims payments related to the UK flooding in July 2007
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Online onlyReinsurance outlook is stable
The outlook for the global reinsurance sector remains stable supported by robust balance sheets of reinsurers, finds Andrew Holt
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Online onlyChaucer H1 profits surge
Chaucer has reported an 89.3% rise in first half pretax profits, helped by a benign insurance claims season.First half pretax profits for the first half of the year to end-June rose to £47.9m, up from £25.3m in the first half of 2006. First half gross written premiums rose to £323.9m, ...
