Shares in UK motor specialist Admiral fell more than 8 percent in early trading this morning, despite the carrier reporting a 3.9 percent increase in its first-half group pre-tax profits to £193.3mn ($250.3mn).
Hyperion Insurance Group will partner with German retail broker Euroassekuranz Versicherungsmakler to target mid-market clients in the country, it announced yesterday.
CNO Financial Group reinsurance provider Beechwood Re has declared it has minimal exposure to Platinum Partners, a hedge fund under investigation by the US Securities and Exchange Commission and the Department of Justice.
Most carriers are unlikely to contract out of parts or all of the Insurance Act that came into force in the UK on Friday (12 August), according to Richard Breavington, partner at law firm RPC.
Ireland is calling attention to itself as an attractive alternative jurisdiction for insurance companies wanting to passport into the European Union (EU) following the UK's vote to leave the bloc.
