Financial / Results – Page 207
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NewsCMA reviewing Willis's planned Miller acquisition
Competition regulator seeks views from third parties on proposed 85% stake purchase
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NewsBrit suitor Fairfax increases size of bond issue
Proceeds from $350m transaction will help pay for Brit acquisition
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NewsRSA expected to announce more cost cuts
Shareholders deem current £180m-a-year target to be too low, reports say
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NewsQuindell extends legal arm sale talks
Outsourcer continues discussions with Australian law firm Slater & Gordon
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NewsERS returns to profit in 2014 but vows to fix ‘unsustainable’ 101% COR
Lloyd’s motor insurer will now return to growth after 4.4% GWP dip, says chief executive Ian Parker
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NewsCompetition from direct insurers biggest threat to brokers' home growth
But LV= says that brokers can still grow their book by providing advice and services to customers
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NewsFitch reviews Brit debt ratings following Fairfax deal
Rating agency will downgrade insurer if it considers the takeover to be negative
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NewsTowergate to keep Broker Network despite interest from buyers
Peter Cullum’s GRP believed to have been among the suitors
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Online onlyRSA sells Indian insurance arm for £46m
The deal is expected to be completed within six months
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NewsCanadian insurer Fairfax to buy Brit for £1.22bn in cash
Offer is 1.73 times Brit’s net tangible assets
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NewsMorgan Stanley boosts Quindell stake to over 5%
Investment bank now owns 21.9 million shares in insurance outsourcer
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NewsClear Insurance acquires north London broker
J H Hibbert will continue to be led by managing director Geoff Beaver
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NewsHelios Underwriting buys Lloyd's vehicle Updown in £600,000 cash deal
Deal will increase Helios’s underwriting capacity to £22.3m in 2015
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NewsGauntlet Group hails use of appointed representatives as growth driver
Business generated through appointed representatives now makes up a third of broker’s £1.8m annual income
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NewsNew Towergate deal improves outcome for secured creditors – Moody’s
Rating agency puts broker’s secured debt on review for upgrade
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NewsGallagher UK revenues jumped 70% to £475m in 2014
UK now accounts for 20% of broking group’s brokerage and risk management revenue
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Online onlyAIG’s profits drop 67% as prior year claims bite
AIG hit by debt payments and prior year claims
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NewsZurich’s Dave Smith: More good weather could undermine price discipline
Chief executive said obstacles prevented stronger growth in 2014
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NewsAndy Watson: Some competitors are cutting motor rates
Ageas UK chief executive not confident that pricing will improve despite optimism elsewhere
