Latest News – Page 786
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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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NewsZurich’s RSA bid – strategic logic questionable, says analyst
Canaccord cites exposure to cyclical UK market and pension liabilities
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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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NewsHome insurance premiums fall in second quarter
ABI warns insurance premium tax rise will increase cost for consumers from November
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NewsLancashire first-half profit falls 10% as specialty ‘indiscipline’ continues
There is evidence that premium decline is slowing
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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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Zurich/RSA deal should focus on strengthening specialty offerings
But brokers warn that consolidation based on commoditisation of business would be negative
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NewsFraudster sentenced for faking burglary to make bogus claim to DLG
Brikenjeet Singh tried to con insurer out of £57,000
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NewsMGAs expect to weather Zurich/RSA deal
Underwriting agencies see plentiful capacity and choice despite potential for another merger
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Online onlyDavies Group acquires motor claims company Managed Fleet Services
Deal will give Davies Group access to motor claims capabilities
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NewsZurich's RSA interest could flush out bids from AXA, Allianz, AIG
Analyst sees “high likelihood” of rival offers
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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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NewsNo talks held with Zurich over possible acquisition – RSA
RSA is responding to Zurich statement that is it is evaluating a possible offer for the rival insurer
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Online onlyRSA intent shows Zurich's desire for regional market - network chief
TEn insurance boss James Sharp reckons Zurich want a better handle on the smaller broker market
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NewsZurich offer for RSA of 550 pence/share would be 'fair'
Canaccord sees benefits to Zurich of possible deal
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Online onlyZurich mulls takeover of rival insurer RSA
The insurer earlier this year announced a $3bn (£1.93bn) war chest reserved for mergers and acquisitions (M&A)
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Online onlyZurich could squeeze big UK cost savings from RSA – analyst
Analyst says Zurich bid for RSA has a number of advantages
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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
