Hello

While investment markets aren't particularly flash out there at the moment, it seems the life insurance of the industry is doing well. Last week we reported on market share figures and also late last week Tower put out it's latest results which showed it was tracking along.

During the week we reported on Sovereign's push into the business insurance market and also details of an acquisition made by Asteron.

Also I thought it useful to update you on the PIS/Newpark deal, from Darren Gannon. He says that PIS have not bought Newpark. "All that has happened is an offer has been made and I have agreed to the terms at this stage. I am told there is still work to be done via PIS before the deal is final and complete,

"It is everyone's intention to cement the relationship of the two firms as fast as possible and both companies are currently working towards this in good faith."

Insurance News

Maloney to head Stone after Asteron buys Service 1st
Asteron has bought advisory back-office firm Service 1st for an undisclosed sum with its founder, Mike Maloney, to remain in a senior position with the insurance group. More

Sovereign pushes further into business insurance market
Sovereign says that in the current economic climate businesses have a greater need for key person than in better times. More

Mortgage News

Short-term borrowing opportunities shrinking
Christmas is coming and mortgage rates are falling. The Good Returns mortgage rate table is looking festive as it registers scores of reductions by lenders. Borrowers now need to consider how much lower home loan rates will go and whether it is time to lock into one of the new fixed rate deals.
More