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BCWA healthcare profits up

Private healthcare insurers BCWA Healthcare increased its profits by 466 per cent to £7m in 2000 from £1.5m in 1999, while its average return on investments was 8.7 per cent in 2000.

Earned premiums increased by 15 per cent to £52.5m in 2000, from £45.8m in 1999.

BCWA Healthcare managing director Martin Wren says: “In the absence of an unexpected surge in claims inflation, our much improved financial strength will assist us to limit premium rate increases in the future.”


Newcastle Tessa Isa knocks three times

Newcastle Building Society has introduced the second issue of its global guaranteed equity bond, an individual savings account (Isa) for investors with maturing tax exempt special savings accounts (Tessas).This Isa would appeal to investors who want to reinvest the proceeds of their Tessas. It will track three stockmarket indices the FTSE 100, the Nikkei 225 […]

Press boost Fidelity Isas

IFA recommendations helped Fidelity get better press coverage than any other fund management group during the Isa season, according to PressWatch.PressWatch&#39s new Fund-Watch initiative tracked national press coverage of Isas, unit and investment trusts between January and April and found IFA support for a particular fund has a hugely significant impact on its track record […]

Mutual message is spin over substance

The Halifax has consistently argued that mutuals may have a role to play in the UK but only small mutuals such as credit unions. Bigger mutuals will face increasing pressure to convert.We have also argued that the assumption that mutuals such as building societies are, by their very nature, better than their plc counterparts is […]

Liverpool Vic&#39s Mimi eyes loan protection

Liverpool Victoria Life, formerly Permanent Insurance, is setting up a new-style comprehensive mortgage payment protection insurance product.The product, called Mimi, offers a range of selected protection benefits to meet home and personal protection requirements.It gets its name from the four kinds of cover called, Money if you become ill, Income if you are sick and […]

How can I help develop my professional connections?

Graeme Ballantyne, business consultancy manager, looks at how you can maximise the opportunities through your professional connections As we move through the summer months it’s perhaps a good time to pause and reflect on whether the plans you’ve made for your business are bearing fruit. One area we at PruConsulting know many advisers have been […]


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