Financial / Results – Page 183
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AgendaAnalyis: Why brokers face higher rates for PI cover
An increase in claims is leading some insurers to withdraw professional indemnity cover to brokers
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NewsXchanging urges shareholders to accept CSC offer as deadline looms
CSC needs acceptances from 75% of shareholders by Friday
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NewsPrincipal buys Simply Insurance bike book
Simply book will add 500 more bike policies to 5,000 secured through Principal’s recent purchase of iGO4’s BikeTeam
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NewsAston Scott makes first acquisition of 2016
Essex-based First Commercial Insurance Brokers specialises in renovation projects, commercial and private client insurance
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NewsAIG to present strategic vision on 26 January
Chief executive Peter Hancock will provide plan to drive shareholder value
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NewsFormer Quindell sells units for nominal £1
Watchstone disposes of property and maintenance services businesses to management
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NewsSolvency II is changing reinsurance buying – Guy Carpenter
Reinsurance broker detected a shift to proportional reinsurance at 1 January
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NewsReinsurers get more comfortable with UK motor as PPOs fall
Reinsurers were more willing to offer less restrictive cover at 1 January renewals, says Guy Carpenter
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NewsHigh Court approves Sterling integration into Covéa
With written premiums approaching £600 million, the combined business employs almost 1,400 people
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NewsLaw firm Parabis pays £7m to insurers to settle ABS debts
DLG will also become sole owner of its ABS while RSA will enter into joint venture with Carpenters
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NewsUK storms will significantly weaken 2015 household insurer earnings – Fitch
Ratings agency also warns that failure to keep up flood defence spending could lead to higher-than-expected claims for the UK’s Flood Re scheme
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NewsPrincipal buys iGO4's motorcycle book
The sale will leave iGO4 to concentrate on its core businesses; private motor, van and home insurance
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NewsReinsurance rate falls slowed at January 1 – Guy Carpenter
Property catastrophe reinsurance prices fell by between 7% and 10%
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NewsStorms' effect on property insurer profits 'only moderate'
Storms will slow down decline in premiums, but not reverse it, says AM Best
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NewsUK motor reinsurance rates show signs of softening
Loss-free policies got price reductions of up to 10% in January 1 renewals, says Willis Re
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NewsLoss of Elite motor account pushes NCI profits down 93%
Following a strategy review the group has been rebalancing its revenue and profit generation more equally in its three main business units
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AgendaSlater & Gordon facing legal action after Quindell purchase
The firm’s share price has slumped since purchasing the professional services arm of the now named Watchstone Group
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NewsInvestment in acquisitions drives fall in Cobra pre-tax profits
But surplus funds from disposals have produced profits of £800,000 in current year and enabled Cobra to reduce bank debt
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NewsDirect Line Group losing Nationwide is ‘a blow’ – analyst
Analyst reaction in aftermath of RSA winning deal from DLG
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Online onlyNationwide deal cements us as the top home player – RSA
RSA closing in on a billion pound intermediated account following Nationwide deal
