Financial Ratings – Page 108
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NewsGallagher broking unit boosts profit by 17% in first half
Broker spent $43.2m on integrating acquisitions
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NewsWillis raises cost saving target by $25m
Broking group now expects annualised savings of $325m from restructuring plan
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NewsWillis GB organic revenue falls 2.3% in second quarter
Group profit before tax falls 14% in first half and 15% in second quarter
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NewsAny RSA offer will be in cash, says Zurich
Swiss insurer has yet to make a firm offer for its UK-based rival
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NewsJLT confident of 6% organic growth in 2015 despite first-half drop
Company admits it is finding growth difficult in UK regions
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NewsMarsh parent MMC’s broking profit rises 2% in first half
But second quarter profit drops as foreign exchange losses hit revenues
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Online onlyJLT first half profit drops 10% on ongoing US investment
The broker made five acquisitions during the period, amounting to £6.8m
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NewsRobert Childs: Hiscox aims to stay independent amid M&A wave
Chairman says company has benefited from other mergers
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NewsHiscox chairman: PRA stress test ‘does not go far enough’
Robert Childs calls for ‘detailed, practical dry run’ of catastrophe scenario
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NewsHiscox UK and Europe unit boosts first-half profit by 73%
Group profit up 8.4% thanks to strong retail performance and lack of catastrophes
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NewsMega-mergers continue as Anthem buys Cigna in $54.2bn deal
US health insurers expect to complete deal in second half of 2016
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NewsStart-up broker Sure Thing! to quadruple employee count by 2019
Chief executive Brendan Devine says firm exceeded expectations in first trading year
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Online onlyManchester motor broking start up hires 35 more staff
Insurance Revolution to treble size of office
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Online onlyActuris 16% pre-tax profit rise driven by strong organic growth
The software house won three contracts from competitors during the year
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Online onlyGovernment urged to probe 'scandalous' car insurance postcode lottery
An investigation found dramatic differences in premiums across neighbourhoods
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NewsAA reports 5.2% rise in motor insurance prices
Quarterly index shows home policy costs also increasing again
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Online onlyTowergate names LV= as home capacity provider in £110m deal
The agreement will intially last for 5 years
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NewsQBE to book $120m loss on US sale
Insurer disposes of North American specialist home insurance business
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NewsPremium finance firm Bexhill gets full FCA approval
Company can now also allow credit brokers to become its appointed representatives
