Financial / Results – Page 191
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NewsBrightside/Autonet 'deal' breaks down - sources
Recently departed chief exec Andy Wallin is understood to have been driving the Autonet deal
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NewsGoldman to get 400% return from Hastings IPO – report
Float could value insurance and broking group at £1.5bn
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NewsHastings CFO: IPO will remove any doubt about Advantage capital
Company may float more than 25% of shares if investor demand is strong
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NewsHastings announces £180m share placing in IPO
Group to list on London Stock Exchange in October, targeting 2.5 million customers by 2017
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NewsUK liability reserves boost European run-off market
Non-life European legacy insurance market is estimated to be worth €247bn (£181bn)
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NewsPremiership clubs buy more cover amid injuries and higher wages
The insurance will enable Premier League clubs to claim back salary when players are injured
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News‘Strong notes of caution’ in Lloyd’s results despite good first-half
Market’s finance director warns of pricing pressure as five business lines report CORs over 100%
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NewsGable seeks to raise capital to meet Solvency II requirements
Insurer looking at reinsurance and debt to make up additional funds required for new capital regime
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NewsGable makes £2.4m first-half loss as it continues to close reserve gap
Unrated insurer adds another £3.8m to close gap between reserves and actuaries’ estimates
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NewsLloyd’s first-half profit falls 28% as rate cuts bite
Results also hit by falling investment returns, which almost halved
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NewsQuindell buys remaining stake in Canadian rehab firm
PT Healthcare owns just under 100 clinics plus an additional 150 treatment sites.
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NewsStackhouse Poland sees steady growth amid acquisition strategy
The broker says that it will continue on the acquisition trail
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NewsTechnology revamp costs push Co-op GI to £17m loss
But insurer reports underlying profit of £500,000 in first half as loss ratio improves
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NewsBluefin close to two more acquisitions as half of £35m warchest remains
But chief executive Robert Organ admits that organic growth is tough
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NewsAcquisition costs eat into Bluefin’s underlying profit
Broking group makes statutory loss of £23m
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NewsInnovation Group confirms £491m sale talks with Carlyle
Private equity firm wants to offer 40p a share for insurance software house
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NewsBollington's broking arm swings to £1.2m pre-tax profit in 2014
Growth driven by maintaining revenue and non-recurrence of major spend on operations restructure
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NewsHastings could announce IPO as early as September
Recent hires and strong results indicate that the company is close to a flotation
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NewsHastings becomes latest insurer to be hit by claims inflation
Net insurance claims in the first half of 2015 was up 18% to £86.8m in H1 2015
