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Commercial

PwC research highlights insurers' worries over aggregation

London Market insurers are broadly confident they are better placed than at previous points in the cycle to manage the downturn in premium rates, despite being under pressure to maintain similar levels of returns to those in 2004 and facing the key risk…

QBE reveals new structure for 2006

QBE has undergone a reorganisation of its insurance structure in Europe it announced today. It claims the move will streamline processes and offer clients a more flexible and innovative partner for their reinsurance needs.

Towergate acquires Chase portfolio

The Towergate Partnership has acquired the mixed commercial and personal portfolios of Chase Insurance Brokers, based in Brentwood with a premium income of £1.5m.

Highway profits rise

Highway Insurance has revealed interim profits up 117% to £11.3 million (£5.0m) after charging £0.7m million of bid and levy costs to the Financial Services Compensation Scheme.

No trade sale or MBO for GAB after review

Investment company Brera has confirmed that the international operations of its loss adjusting subsidiary GAB Robins will remain with the company after completing a strategic review. The international adjusting arm which includes the UK business had been…

Admiral seeking growth overseas

Motor insurer Admiral said it "continues to investigate opportunities outside the UK", after reporting record interim profits and strong growth in turnover.

Insurance consultancy announces launch

Newly created ISG (Independent Services Group Limited) has just launched, aiming to provide a variety of specialist services to the London and international insurance and reinsurance markets.

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