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HBOS GI sees 100% internet growth

HBOS General Insurance has seen premium income increase by 12% to £941m in the first half of 2005, compared to the corresponding period. Profit before tax increased by 20% to £233m.

Marsh woes continue

Broker Marsh’s parent company, Marsh and McLennan, revealed second quarter profits plummeted to $166m (£93.7m) from $389m for the same period last year.

Quinn-Direct profits top £61m

Quinn-Direct Insurance, the Irish insurer, today announced that it made a pre-tax profit of £61m in the six-month period to the end of June 2005, an increase of 29% over the first half of 2004.

Claims farmers slammed over London bombs

Thousands of people affected by the 7 July London bombings are at risk of being taken for a ride by ambulance-chasing claims companies, it has emerged.

Marsh announces Cherkasky pay deal

Marsh & McLennan has said it will pay chief executive Michael Cherkasky at least $3.5m in salary and bonus for 2005 under a new three-year employment contract.

BDML boss takes new board position

BDML Connect chairman and chief executive Sandy Dunn has accepted a place on the board of Capita Insurance Services.He becomes the first non executive chairman of the insurance arm.

Omega terminates talks

Lloyd’insurer Omega Underwriting has confirmed that it has terminated talks with takeover target Hardy Underwriting.

Spitzer inquiry widens to Moody’s

New York Attorney General Eliot Spitzer has subpoenaed Moody's for information on how it rates reinsurers and mortgage securities, broadening his probe of Wall Street practices.

Ace issues quarterly risk report

Almost 60% of chief risk officers and senior risk managers view network risk as a significant and growing threat to their organizations, according to research from Ace European Group.

Dennis not the only menace

Florida faces hurricane headaches in the wake of Hurricane Dennis - Marc Jones reports on how the predicted increase of tropical storms is causing insurers unease about writing for homeowners

Treat brokers as SMEs, says NIG

Insurers should stop thinking of brokers as simply a ‘distribution chain’ and start treating them as the highly individual businesses they are, NIG has said.

Cobra network membership passes 80

Broker network Cobra, has announced that membership has risen to 80 following the addition of nine new members in the past three months.

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