Hardy Underwriting, one of the small Lloyd's players that could be vulnerable to Michael Wade's Capital Insurance Holdings, posted results on Tuesday (see below). Investors reacted badly. The company's share price fell to 235p on Tuesday as Insurance Times went to press. The price had been as high as 242p in early August.
Goshawk's share price also took a tumble. Last week it rose on the back of speculation that Capital Insurance Holdings would be interested. This week that hope faded and the share price dropped back to 46p on Tuesday, compared to a high of 49p a week ago.
After weeks of inactivity as investors bronzed themselves, increased signs of market activity saw Benfield's share price jag down to a 52-week low of 218p before bouncing back to 228p.
Aon's share price started to climb after a poor showing through early August, which saw the stock fall from over $26.50 to below $25 per share. As of Tuesday it was trading at $25.88.
On AIM, The Claims People continued to see its fortunes improve. Its stock was trading at 2.88p per share on Tuesday compared to 2p a week ago and 1.5p in early August. It seems investors are convinced that The Claims People can ride out the loss of its Norwich Union contract.
Another AIM success this week was the Accident Exchange Group. Its shares soared to 111.5p on Tuesday compared with 60p in early August. Experts reckon that the company is taking market share from rivals like Helphire and Bristol & London.
The Innovation Group stock continues to rise, reaching 28p on Tuesday. This compares to just over 22p in early August.
Another revival stock in the technology sector is Sirius Financial Systems. After recording a low of 70p per share earlier in the year, a good August has seen the share price move up from just below 80p to 87.5p on Tuesday.
