Insurer
Cobra makes post AIM acquisition
Cobra Holdings has exercised an option to acquire the share capital of commercial broker Tubbs Insurance Services.
Budget rebrands holding company
The Budget Group of Companies has changed its name to the BGL Group. The name change aims to reflect the increasing number of operating divisions, with six brands including: Budget & Dial, Junction, comparethemarket.com, Bennetts, Fusion and ACM ULR.
NU estimates flood costs at £175m
Norwich Union parent Aviva has warned investors that the recent floods will impact the group's first half result to the tune of £175m.
Willis Re sees heavy competition in 1st July renewals
Reinsurance broker Willis has issued a 1st July reinsurance renewal report citing price reductions of up to 15%-20% for loss-free programmes and increased competition across all lines.
Hiscox in £27.5m swoop for insurer
Hiscox has announced the acquisition of ALTOHA an insurance holding company and its subsidiaries American Live Stock Insurance and Harding & Harding, the affiliated insurance agency for $55m (£27.5m).
Axa chief defends UK broker purchases
UK insurers that have not bought brokers to secure market distribution may have missed the boat in the battle over UK distribution, according to the head of the Axa Group.
UK insurers need to buy brokers to secure distribution says Axa
UK insurers that have not bought brokers to secure market distribution may have missed the boat in the battle over UK distribution, according to the head of the Axa Group.
UK insurers need to buy brokers to secure distribution says Axa
UK insurers that have not bought brokers to secure market distribution may have missed the boat in the battle over UK distribution, according to the head of the Axa Group.
Axa says it can deliver in the UK without major acquisitions
At an 'investor day' presentation on Thursday 21 June outlining Axa's UK strategy, Nicholas Moreau, group chief executive of Axa UK said the French insurer can meet its targets "without any major acqusitions." He added, "Axa UK has built the foundation…
Treasury sets out plan to reform Lloyd's Act
A ministerial statement from Ed Balls, economic secretary to the treasury, made public today in the Commons, has announced the Government's decision to develop legislative proposals to modernise the governance arrangement for Lloyd's.
Aviva wins award for international diversity
Norwich Union's parent Aviva has been recognised for its international diversity programmes at the W...
"Disappointed" Snowball puts boardroom rift rumour to bed
Norwich Union executive chairman Patrick Snowball has spoken publicly for the first time since deciding to step down and join Towergate.
Consolidator outlines float plan to grow
Cobra, the UK-based retail and wholesale insurance broking group, today announced its intention to seek admission to trading on AIM and to raise £10m by way of a placing of ordinary shares with institutional investors.
Bollington acquisition boosts Groupama's broking business
Groupama UK has confirmed that it has completed the purchase of a majority shareholding in The Bollington Group for an undisclosed sum.
Jelf swoops again
Jelf Group has acquired the combined businesses of Cheltenham Insurance Brokers and Cheltenham Insurance Brokers Life and Pensions further expanding Jelf’s presence in Cheltenham.
Primary unveils new regional management structure
Primary has appointed three new regional managers. Each will be supported by a team of regional underwriting managers, senior underwriters and business development managers.
Zurich group income up 74% in first quarter
Zurich has reported $1.4bn in net income, up 74% in the first quarter of 2007, an annualized return on shareholder equity of 23.5 percent, and a business operating profit of $1.7bn (£850m).
Partner Re joins move to give capital back
In a move that confirms the trend to right-sizing capital as the reinsurance market softens, Bermudian reinsurer Partner Re has the approval an increase in the amount of shares it is authorised to buy back and cancel by a total of up to 5 million common…