All Finance articles – Page 140
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Worsening market conditions to hit H2 figures, warns JLT chief
Pre-tax profits soar 63% in first half
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Online onlyDealing with a hard property hit
S&P warns that this year's severe weather is likely to put property underwriting results in the red
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Fitch focuses on Islamic insurance
Companies based on Islamic principles offer challenges as well as opportunities, says ratings agency
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Beazley announces record profits
Beazley Group doubles profits in first six months of 2007
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Online onlyFlooding into the red
Insurers' profits are set to take a downturn on the back of 2007's savage weather
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Online onlyTawa goes public
Run-off specialist Tawa is looking for further acquisitions after its listing on AIM
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Open International reports profit of £18.6m
Results give it the lead in software house profitability
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D&G warranty revenues rise 16.5%
UK warranty revenues are up 12.2% and international warranty revenues up by 103.8%
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First non-life run-off consolidator floats
Tawa admitted to AIM with market cap of £127m
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News AnalysisNew pricing to hit profits
Ofcom’s proposed new pricing charges for business rate telephone numbers could cut into company profits. Tom Flack reports
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NewsFurther consolidation fuels takeover talk
Further consolidation in the Lloyd’s insurance sector was forecast this week, causing a number of syndicates to stage a rally.Following Atrium Under-writing’s announcement that it was recommending a cash £193.2m offer from Bermudan Ariel Re, and with Canopius having recently been rumoured to have received an unsolicited approach from the ...
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News
Flood claims bill could top £5bn
The total insurance claims from the floods that ravaged the UK in June and July could top £5bn, industry experts have predicted.While official estimates of the insured losses from both last month’s floods in Yorkshire and the flooding over the weekend, were more conservative at between £2bn and £3bn, industry ...
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News
Co-op Financial cuts costs and 1,000 jobs
Co-operative Financial Services (CFS) is to cut its workforce by approximately 1,000 by the end of 2007 as part of a move to slash costs by £100m a year. The job losses amount to approximately 10% of employees at CFS and come three years after the division made 2,500 staff ...
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Brit announces restructuring
Changes include introduction of new underwriting forum, creation of two new claims divisions and appointment of three new execs
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Co-operative Financial Services announces job cuts
CFS proposes to reduce its workforce by approximately 1000 during 2007
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News
Prism launch provides new modelling approach
Platform provides comparison to insurers capital positions
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Online onlyIndie trial: KPMG called to witness stand
A partner in Independent's auditors, KPMG, gave evidence at Southwark today
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Online onlyIndie trial: Former exec chairman gives testimony
Prosecutors argue Independent's board had limited knowledge of reinsurance contracts before publishing annual report
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News
Financial news…
Aviva chief’s denialAviva chief executive Andrew Moss has denied plans to sell off its general insurance operations. Moss said: “We believe the composite model is a fundamental strength of this group.” CCV buys Crawford Davies Cullum Capital Ventures has bought Worthing–based Crawford Davis. Chief executive Tim Johnson said: “This ...
