Financial news...
Beazley doubles profits
Beazley, the Lloyd’s insurer, doubled its profits in the first half of 2007, topping £60m. Gross written premiums have also risen, up 10% to £434.1m, with the group’s combined ratio dropping 3% to 87%.
Open GI profits up
Open International reported revenues of £35m for the year ended 31 May 2007, up 5% on last year’s figures. Operating profit was £18.6m an increase of 6% on 2006. It claimed it was the most profitable software house.
Tawa float raises £20m
Tawa, a consolidator of non-life insurance run-off, raised £20m following a flotation on AIM this week. After expenses and the partial repayment of a bridging loan, the company has £7.2m in working capital to pursue further acquisitions.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
