All Finance articles – Page 138
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Financial news
Hardy ups 2005 forecast Hardy Underwriting Group, the specialist Lloyd’s insurer reported that the expected profit for Syndicate 382, which it owns and manages, for the year ended 2005 to be in the range 11% to 16% (previously 7.5% to 12.5 %). In accordance with Lloyd’s requirements, the 2006 ...
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UK insurers face US mortgage fall-out
Legal actions launched in the US over bad loans may have to be paid for by London market insurers
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CBG half-year profits grow 43%
CBG Group, the Manchester based insurance broker, has grown its half-year profits to £718,000 – an increase of 43% on the same period last year. CBG, which recently secured £3m of equity to fund growth in the North West, also saw year-on-year revenue balloon by 48%.CBG chairman Laurie Turnbull, ...
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Online onlyAmlin stock rises on ratings upgrade
Shares in Amlin rose after an investment bank raises its recommendation on the stock to 'outperform'
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NU seeks commission cuts as profits slump
New chief executive wants cost of distribution at ‘a better level’
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Flooding forces AXA to raise property rates
AXA Insurance chief executive Peter Hubbard said AXA would be increasing property rates following the flooding, with rises of as much as 10%. He said: “Rates have been going backwards while claims inflation has been increasing. This needs to be addressed. AXA will be putting up household and commercial property ...
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Quinn-direct lifts profits 8%
Irish insurer Quinn-direct made a pre-tax profit of £90m in the six-months to the end of June 2007, an increase of 8% over the first half of 2006. Written premium increased by 25% to £327m over the same period, including £10m from Quinn-healthcare, a new health insurance business.Underwriting margins ...
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Protectagroup sets £70m brokerage target
Wales-based company outlines acquisition plan of three mid-size brokers
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Online onlyInsurers bounce back from share falls
Insurance companies have followed the yo-yo trend of the stock market in the last week. Chris Wheal reports
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Heath Lambert pre-tax profit up 19%
Broker continues its disposal of international offices and appoints Hawkpoint to look at long term 'financing options'
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R&SA to cut a further 500 jobs
Royal & Sun Alliance is to shed a further 500 jobs in the UK as it pushes on with a major cost-cutting programme, the insurer has said.R&SA yesterday reported a 2% drop in pre-tax profits to £338m in the first half, hit by the bad weather, but helped by a ...
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