Towergate Underwriting is offering an enhanced service to its brokers in the North East and Cumbria, having opened an office in Newcastle. Branch manager Jon Hipkin, who has over 20 years’ experience supporting brokers across the region, has been appointed to lead a team of locally recruited underwriters. The group says the move demonstrates its [...]
International specialist insurer Hiscox has reported its financial performance figures for 2009. Hiscox enjoyed pre-tax profits of £320.6m, more than threefold the £105.2m made in the previous year. The insurer also saw post-tax profits rise, from £70.8m to £280.5m, an increase of almost 300%, with earnings per share fourfold larger at 75.2p. Gross written premiums [...]
Amlin plc has released its preliminary financial results for 2009. The firm saw pre-tax profits of £509.1m, more than fourfold the £121.6m achieved in 2008. The full-year results show that the momentum of the first six months (which saw pre-tax profits up 29% to £177.1m) accelerated during the latter half of the year. In addition, [...]
Aviva’s fund management arm, Aviva Investors, is reported to have written to the chairmen of every large listed company in Britain warning that they need to be able to justify their executive remuneration policies for 2010. According to The Times, Aviva Investors holds around 1.5% of every company quoted on the FTSE All-share index and [...]
Santander is promoting its “Peace of Mind” home insurance with an offer to its mortgage applicants and borrowers. They need only request a full home insurance quote from the lender by 7th March to be entered into a prize draw that could relieve them of monthly mortgage repayments of up to £1,000 for a year. [...]
