News
Sigma poaches Garwyn duo
Sigma Claims Solutions has appointed Dave Smith and Chris Thompson as senior liability adjusters to help service new and existing clients in East Anglia.
Gable reports first half results
Gable Holdings has announced a £0.4m profit for the first six months of 2007. On modest revenues of around £4m, the insurer - which is domiciled in Liechtenstein - made earned premiums of £3.3m, with net profit before tax of £425 000.
Biba and Unlock call on insurers to rethink ex-offender policy
The British Insurance Brokers Association (Biba) and Unlock, the National Association of Reformed Offenders, have come together to call on the insurance industry to take a more flexible approach to insuring people with convictions in their past.
Axa's Cliff takes on new role
Polaris an industry-owned body specialising in the provision of technology to enable brokers and insurers to operate more efficiently through the elimination of duplication, has appointed Axa, managing director, markets, Mark Cliff as Chairman.
XL to give back $500m more to shareholders
Bermudian (re)insurer XL has announced that its board has approved a new share repurchase program, authorising the repurchase of up to $500m of its ordinary shares.
Helphire sees profits up 63%
Helphire this morning reported its pre tax profit had increased by 63% to £40.3m on turnover of £290m (up 49%) for the 12 montsh to 30th June.
Shares crash as Erinaceous postpones results
Beleagured property services and broking group has delayed the publication of its interim results.
Tawa publishes £19.5m profit for first half
Tawa Group the UK-quoted consolidator of non-life insurance run-off, has announced its interim results for the six months ending 30 June 2007.
Acquisition for Oamps
Oamps UK has today announced the acquisition of Keith Johnson & Co.
Law Commission review reaches half way stage
The Law Commission has called for more responses after it passed the half-way point in its consultation on misrepresentation, non-disclosure and breach of warranty.
SSP in line to meet performance targets
SSP held its 2007 Annual General Meeting at noon today. At the meeting David Rasche, Executive Chairman, said that SSP had made an encouraging start to the financial year and trading was in line with management expectations.
GCFac takes Benfield US facultative team leader
Guy Carpenter has announced the appointment of Joseph Vitale as senior vice president of GCFac, its dedicated facultative reinsurance unit.
Towergate buys Open International for £276m
UK SME broker aggregator Towergate has acquired broker software house Open International Limited for £276m ($550m)from Montagu Private Equity.
Towergate buys Open International for £276m
Towergate has acquired broker software house Open International Limited for £276m from Montagu Private Equity.
Maiden plans $500m IPO
Bermudian start-up reinsurer Maiden has announced plans for a $500m IPO
The Indie Trial: Charges dropped against Condon
Charges against Phillip Condon in relation to the reinsurance contracts were dramatically dropped this morning on the instruction of the judge, Mr Justice Rivlin. David Worsfold reports .
Two investors stake £10.6m in consolidator Giles
Giles Insurance Brokers has signed a deal which will see a major investment in the business by Norwich Union and Gresham, the UK mid market private equity specialist.
NIG to launch new household product
NIG will launch Advantage Plus, a new home insurance product, on 1 October. The product, offered on EDI will initially be available via SSP, Open GI and CDL, with other software systems including Acturis to follow.
NIG launches online home insurance product
NIG will launch Advantage Plus, a new home insurance product, on 1 October. The product will be offered on EDI will initially be available via Software Solutions Partners, Open GI and CDL, with other software systems including Acturis to follow.
Ariel Re to buy 47-state US insurance platform
Class of 2005 Bermudian (re)insurer Ariel has announced its intent to acquire Valiant Insurance company from Zurich North America to create a specialty property and casualty insurance ecompany.
Evolution launches lead generation product
Evolution Risk Services, part of the Evolution Underwriting Group, has launched a new bespoke lead generation product for brokers.
Heritage unveils record 1st half results
Lloyd's insurer Heritage has unveiled record 1st half 2007 interim results, producing a profit before tax up 250% to £10.5m ($21m) and a return on equity of 24%.
Close moves to reassure customers
Close Premium Finance has moved to reassure brokers that its lending facilities remain unaffected by the global credit crunch currently impacting financial markets.
Onlyinsurance partners investor portal
Aggregator Onlyinsurance.com has partnered with Interactive Investor to provide a wide range of personal insurance products and applications to the online financial services provider.