Financial / Results – Page 183
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NewsHastings pays back £310m outstanding bonds
Insurance group uses new term loan and exiting free cash to redeem bonds
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NewsAIG offers mid-market supply chain finance product
Teams up with PrimeRevenue to help fund non-investment grade businesses
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NewsIcahn plans to force shareholder vote on AIG breakup plan
Activist investor now owns 3.4% of US insurance company
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NewsAllianz aims for €1bn savings, looking for acquisitions
Insurer sets three-year financial targets, refocusing business on growth
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NewsRoss: Towergate small business unit a ‘catastrophe’
Chief executive praises SBU staff for their tolerance
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NewsRoss: Towergate must tackle ‘infrastructure issue’ before M&A
Broking group heading ‘in a very healthy direction’, new chief executive insists
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NewsDiscontinued insurer deals drive 8.7% fall in Broker Network income
Adjusted EBITDA also fell by 30%
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NewsRegulatory probes cost Towergate £8.8m in first nine months
Towergate has also moved the date when it expects to start paying customer redress, if any, to Q1 2016 from Q4 2015
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NewsTowergate reports underlying loss of £18.7m as costs hit
Broking group “resilient” despite performance deterioration, says chief executive David Ross
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NewsEY: Motor rates set for biggest rise since 2011 next year
UK motor market to report COR of 102.2% in 2015 and 103.8% in 2016, firm predicts
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NewsInsurers to retain more risk under terrorism scheme
Scheme boosts retention to £135m per event, but caps annual retention at £270m
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NewsR&Q expands European business with latest Malta acquisition
Chairman Ken Randall says TNF acquisition demonstrates its firepower to clinch European deals
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NewsRating agencies back our US sale strategy - Cooper Gay
Moody’s and S&P are examining broker’s sale of North American operations
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NewsCooper Gay downgrade threat remains despite North America sale
Moody’s continues to review broking group’s B3 rating
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NewsBrokerbility's broking business targets £100m GWP
Broker wants to grow organically and through acquisitions
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NewsTop 50 Insurers 2015: Industry enjoys improved performance
Industry reports underwriting profit for first time since 2006
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NewsFlood Re secures £1.3bn reinsurance cover in first stage of tender
Scheme gets ‘significant support’ from market leaders Munich Re and Swiss Re
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NewsHastings operating profit rises 19% in first nine months
Company now controls 5.7% of UK private car insurance market
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