Death knell for Cox brokersure business interest

Cox Insurance has decided to discontinue its brokersure business and not accept any new instructions with effect from 3 June this year.

This follows termination of the talks to sell brokersure that Cox announced in September 2004 as part of its strategy to focus activities on its core underwriting and broking competencies. The residual asset values of £3.7m will be fully amortised in the group's accounts as at 31 December 2004.

The group's 2005 accounts will continue to include brokersure's