All Finance articles – Page 142
-
News
US investor builds stake in Benfield
Investors kept an eye on Benfield Group, hoping that the FTSE 250 company could see a change of fortune.Traders noted that there has been some stake building in the broker recently, with US investment group Artisan Partners lifting its holding in the group to 22.9 million shares, worth 10.2% of ...
-
News
Struggling Aquilo is renewed, says CEO
The chief executive of struggling claims specialist Aquilo has insisted that the company has turned a corner and that 2007 would see its fortunes renewed.The AIM-list company has seen its share price slump from over 500 pence a year ago to around 35 pence. It has also failed to turn ...
-
News
Allianz ups stake in CBG to 5.6%
Allianz Insurance has upped its stake in broker CBG Group this week to 5.6%. The insurer bought a further 340,000 shares in the Manchester broker, bringing its stake to 675,000 shares. The move follows last week’s placing by CBG of £3m shares.CBG said the investment was “strategic” and that ...
-
-
News
CCV to hit year-end target with buy-ups
Cullum Capital Ventures (CCV) is set to reach its 2007 target of controlling £100m of gross written premium (GWP) after signing up six new brokers.The six are currently undergoing due diligence which should be completed by the end of July, boosting CCV’s gross written premiums to £100m – a target ...
-
Online only
Lancashire deal guarantees equity capital source
Lancashire continuity equity arrangement provides capital at floor price
-
News
Financial news…
Dual reports 20% rise Dual International reported a 20% increase in gross written premiums for the half-year, surpassing €52m. Dual said its directors’ and officers’ book remained “buoyant”, with 40% of new business produced from first time buyers of liability products.DAS looks abroad DAS will look to expand into other ...
-
Comments/LettersBattle for talent
Elliot Lane says the business of recruiting and holding talented individuals is tough, but one worth investing the necessary time, effort and funds in
-
News
CBG seeks £3m for buy-out fund
The company is proposing to raise £3m by way of two placings at 141p a share
-
Online only
CBG to fund acquisitions by share issue
Placings of over 2 million new shares to raise £3m
-
Online only
AXA upgraded to 'AA'
Standard & Poor’s cites Winterthur integration and excellent ERM in rating decision
-
Online onlyCapital conundrum
New EU solvency rules could have serious consequences for the insurance industry
-
Online only
New accounting standards will impact liability valuations, says Deloitte
Discussion paper raises challenges for senior management
-
News
Lockton legal PI business dive
Lockton’s professional indemnity (PI) business is in freefall after losing four major law firm clients to rivals in recent weeks and seeing its revenue slashed by £300,000 as a result.The broker also saw two senior people depart within the professions division last week and is getting rid of a further ...
-
News
Cobra to float in move to fund acquisitions
Cobra Holdings, parent of Cobra Insurance Brokers and Cobra Network, is set to float on Aim and raise £10m for acquisition activity.Cobra will float on 29 June and two days later is expected to announce an acquisition adding £25m to its £350m premium income.Steve Burrows, Cobra’s chief executive also ...
-
News
Jelf seeks to lead with £250m GWP target
Aim-listed broker Jelf Group has revealed its target of hitting £250m GWP over the next two to three years and becoming the leading broker in Wales and the south of England.In addition, the Bristol-based broker hopes to secure £200m GWP in healthcare alone. Speaking to Insurance Times, Jelf chief executive ...
-
News
CII’s £200,000 talent fund falls short
Out of the £200,000 that the CII sought from the industry for its Talent Initiative to attract young people into insurance only Allianz has committed a £20,000 sum.The pressure is now on the remaining 10 insurance giants, who were present at a CII breakfast briefing last week, to come up ...
-
Online only
Renewal premiums drop as NFU reports strong results
NFU customers can expect to see 2007 renewal premiums drop by up to 10%
-
Online only
LitComp releases 2007 results
Results show improvement but weakness in Medico-Legal Reporting subsidiary
