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Insurer Resolution To Split Into Two

Insurer Resolution shares tumbled yesterday as it was announced that Resolution will split into two by 2014.

However, Hiscox’s UK profits surge 69% to £49m.

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High petrol prices, which mean that fewer car journeys are made, helped profits at LV= this year.

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Hastings Insurance Group (“Hastings”) announced excellent growth and results for the year ended 30 June 2011.

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UK Sport has today announced that Bupa is to be its Official Health Insurance Partner through to June 2013.

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OCASO S.A, an established Spanish insurer, providing all types of insurance and financial services, has been awarded the financial strength rating of A+ (Superior).

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Fitch Ratings believes that the insured loss from UK riots will not adversely impact the ratings of insurance companies.

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An unprecedented series of natural disasters, such as the Japanese earthquake, tsunami and nuclear power crisis have combined to push Hiscox into a loss.

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As Britain’s second largest insurer, Aviva, reports interim results ahead of market expectations, the shares are tipped as a ‘Buy’.

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Hiscox Ltd, the international specialist insurer, yesterday announced its interim results for the half year ended 30 June 2011.

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