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  • In the second part of our special report on broker commissions and transparency, we turn our attention to UK insurers...
  • Lloyd’s is being urged to tackle its complicated capital structure amid a “rare” opportunity to reform the legislation which governs the marketplace.
  • Lloyd's has reported a profit of £3.846bn for the 2007 financial year - a 4 percent increase on its 2006 figure of £3.662bn, despite a softening market.
  • Xchanging management are cashing in investments in the outsourcing firm ahead of changes that effectively increase capital gains tax on 6 April.
  • Venture capital firm 3i has acquired a £50mn stake in the UK-headquartered broking firm Hyperion Insurance Group Ltd, as first revealed by the The Insurance Insider.
  • Bermudian Argo Group International Holdings Ltd has agreed a 154p a share cash offer to buy Heritage Underwriting Agency plc in a deal that values the Lloyd’s insurer at £136mn on an ex-dividend basis.
  • Miller Insurance Services Ltd has launched a Singapore-based broker as it seeks to take advantage of the country’s rapid underwriting growth.
  • Venture capital firm 3i has acquired a stake in the UK-headquartered broking firm Hyperion Insurance Group Ltd, The Insurance Insider can reveal.
  • Net profit at Lloyd's insurer Talbot Holdings Ltd Syndicate 1183 has fallen by around £8mn for 2007 despite an 81 percent investment income hike and steady gross written premiums.
  • Ratings agency Standard & Poor's (S&P) has revised its outlook to Positive from Stable for Bermudian Max Capital Group Ltd following the firm's increased diversification and strong capitalisation.