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Commercial

Biba launches new income protection scheme

The British Insurance Brokers’ Association (Biba) has announced the launch of a new income protection scheme.  The scheme will offer today’s UK workers, irrespective of age, occupation, or gender, a tax-free cushion of up to £12,000* against the risk of…

Aon underwriting result hit by costs

Aon Corporation recorded a 9% increase in consolidated revenues to $2.6bn for the first quarter of 2004 compared to the same period last year. The company said that although its insurance underwriting results were negatively influenced by increased costs…

Cross steps-up at Aon's captive arm

Stephen Cross has been appointed to the position ofchief executive officer of Aon Captive Services Group (ACSG), Aon's captive management and risk finance consulting operations.

Highway and Cox shares slide

Shares in Highway Insurance Holdings slipped 4 pence this morning in the wake of the announcement of the termination of take-over talks with Cox.

Cox pulls out of Highway takeover talks

Shares of Highway Insurance Holdings fell by as much as 10% after Cox Insurance Holdings said talks to buy the motor insurer had ended because it wasn't in the "best interests" of Cox's shareholders.

Highway issues Cox statement

The Board of Directors of Highway has issued a statement in which it says it has concluded that a transaction with Cox Insurance Holdings would not be in the best interests of its shareholders. "Asa consequence" it said "discussions with Cox have been…

Alive and kicking

Garry Fearn, chief executive of MMA Insurance, says the demise of the broker sector has been greatly exaggerated. Indeed the broker-only insurer has just reported record results. Jonathan Swift explains

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