News
Helphire in talks to cut non-GTA deals
Credit hire operator Helphire has revealed it will complete scaling down its business by June, after posting a loss of £400 000 in the second half of 2009.
North of the Border: one action in respect of one wrong principle confirmed
Scotland's Court of Appeal confirms principle that a claimant can have only one action in respect of one wrong.
Biba looks to reintroduce midwife cover
The British Insurance Brokers' Association is poised to enter talks with the three members of its professional indemnity broker panel to reintroduce cover for independent midwives.
Alway: SBJ experience makes Capital Z a good investor
Jelf has outlined plans to use funds from its share issue and a new debt facility to fund a renewed acquisition drive.
IAG profits tumble in first half results
Profit at IAG's UK operation fell A$53m (£32m) to A$22m in the second half of 2009, compared to a year earlier.
Amlin bolstered by acquisition return
Amlin's acquisition of Fortis group's Benelux-based corporate insurance operations contributed to the Lloyd's insurer reporting a record pre-tax profit of £509.1m in 2009 — up from £121.6m in 2008.
Hiscox despairs over Tory FSA proposal
Hiscox's chairman has credited a three-fold increase in annual profits on responsible investment strategy, a cautious approach to underwriting catastrophe-exposed risk and a benign mother nature.
Brit plans global expansion
Brit Insurance plans to take stock of its global presence in 2011, once it is firmly established in the US and Japan.
Allianz ups motor rates by 24% in 2009
Allianz's UK profit rose 5.2% to £203.7m in 2009 despite a 5.4% fall in gross written premium in its retail division to £579.9m as a result of corrective action on private motor rates, which increased by almost a quarter.
Admiral: no sacred cows
Admiral has admitted there are "no sacred cows" among its burgeoning international operation, but that it remains committed to the loss making insurance businesses for now.
RBSI catches a claims "cold"
Royal Bank of Scotland Insurance has reported its first ever quarterly loss during the last three months of 2009, blaming the "industry phenomenon" of the UK claims environment for a £170m hit.
Howden seeks Oval or HSBC-sized broker takeover move
Howden is on the lookout for a "sizeable" acquisition, comparable to HSBC Insurance Brokers and Oval, to enable it to compete as a retail broker in the UK market.
Lloyd's players on IPL terrorism cover
A policy covering the risk of terrorism during the Indian Premier League thought to be worth $1.5m (£1m) in premium will be placed on the Lloyd's market, Post has learnt.