Sale will result in €80m exceptional loss
AXA is selling its Hungarian banking business to OTP Bank.
The sale is expected to result in an exceptional loss of €80m (£61m) in the group’s net profit for the period to 31 December 2015.
97.1% COR bolstered by £39m of reserve releases
Cover provider reports that household theft has overtaken escape of water in terms of volume of claims
As Coverbox falls into administration it highlights the added challenges facing brokers in the telematics field
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