Glasgow-based Clydesdale Bank will hold an additional provision of £100m relating to the UK banking industry Payment Protection Insurance (PPI) issue.
The National Australia Bank-owned bank made the decision following the British Bankers’ Association announcement it does not intend to pursue a judicial review of PPI issue.
Clydesdale said while the £100m provision reflected future claims based on estimates and statistical data, it also allows for uncertainty including the number of claims that could be made against the bank.
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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.
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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