Tesco finance profits fall
Tesco Personal Finance reported that its profits net of interest and tax had fallen from £139m to £130m in 2006. It said its core motor insurance market remained "difficult". The company will launch a series of products in the coming months.
HCML growth up 69%
Health & Case Management (HCML), the rehabilitation case management provider, announced revenue growth of 69% to £5.8m.
CIS reports profit rise
CIS reported £43.2m profit before tax for the year ended 13 January 2007, up from £40.6m a year earlier. The insurer said its combined ratio also improved marginally to 74.2% from 76.2%.
Primary General launch
Primary General launched a new motor trade combined policy, covering a broad range of motor trade risks. The policy will be available to selected broker partners across the UK.
FSA advises small firms
The FSA said that many small firms were not acting on recommendations from their consultants that would improve their regulatory position.
Glencairn seals deal
Glencairn and Lloyd's broker Park London completed a transfer agreement under which the majority of Park London's insurance and reinsurance accounts moved to Glencairn.
Shanghai deal for Catlin
The Catlin Syndicate will be one of the first three participants in Lloyd's new reinsurance operation in China, which opened on 16 April in Shanghai.
River flooding risk first
The first securitisation of river flooding risk in Great Britain has been completed. The securities were issued by Blue Wings.