What are the big stories hitting the headlines this week?

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Investigation

The OFT has closed its probe into price co-ordination between motor insurers after Ageas, Aviva, AXA, Experian, LV=, RBSI, SSP and Zurich promised to limit data swaps.

Settlement

Giles Insurance Brokers has settled out of court with four former employees who it alleged breached their restrictive covenants by joining Scottish broker George Stubbs. Giles issued an injunction against Andrew Watson, Alyson Rossi, David Smith and Elaine Haney after they left Giles in 2009 to launch the Glasgow branch of George Stubbs.

Buy

R&Q has bought Synergy Insurance Services (UK), a high net worth managing general agency. Synergy, which has premium income of around £6m, expects to make a small loss in 2011.

The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

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