?Kiln profits fall
Kiln reported a fall in first half pre-tax profits, which dropped to £20.8m from £24.3m, weighed down by the costs of its relocation to Bermuda earlier this year. The combined ratio improved to 85% from 86%.
Caitlin income slips
Catlin group reported net income for the first half of the year down to $162m (£80m) from $187m in 2006. The drop in profits was largely attributed to the acquisition costs associated with the takeover of Wellington, from which it expected to achieve over $100m in synergy savings.
Cullum buys Wigan firm
Cullum Capital Ventures (CCV) acquired Wigan-based Alker Brothers, which controls gross written premiums of £4.5m. The buy takes CCV close to £75m GWP.
Equity buys broker book
Equity Insurance Group acquired the general book of Surrey broker George Marlow Insurance Services.