Financial Ratings – Page 103
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NewsCo-op shifts GI business to main group from subsidiary
Move designed to align customer-facing units and prepare for Solvency II
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NewsInsurers face pressure to publish Solvency II financial results
But analysts concerned about comparability of results within UK and across Europe
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News'We never stopped making acquisitions' - Gallagher's Chilton
Gallagher is involved in a number of acquisitions that are going through the approval process
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NewsChilton: Gallagher integration will continue into next year
Company is trying to consolidate around five or six regulated entities
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NewsCooper Gay’s profit did not cover interest in year to June – Moody’s
Rating agency continues review of indebted broker’s ratings for possible downgrade
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NewsTwo insurers join Saga motor insurance panel
Another three are expected to join by the end of 2015
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News'Positive motor claims experience' boosts Saga profit by 5%
Within its underwriter AICL Saga says it is not seeing the increases in claims frequency reported elsewhere
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NewsWarren Buffet sells down Munich Re stake below 10%
Buffett companies have held 12% of German reinsurer since October 2010
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NewsRSA planning sale of Russian and Middle East units – report
Insurer is expecting proceeds of between £80m and £90m, according to the Sunday Times
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NewsHester remains keen on RSA sale despite Zurich blow
Chief executive has identified eight potential buyers, Sunday Times reports
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NewsInvestors should avoid UK motor insurers – analysts
Recent price hikes are not a sign of better times, according to Berenberg
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NewsAllianz chief mulling acquisitions as he targets non-life growth
But Oliver Bäte tells FT that some deals are done for “stupid reasons”
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NewsQuindell’s Terry now biggest external owner of AIM tech firm
Terry’s venture Quob now owns 14% of Imaginatik after gradually building up stake
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NewsTowergate client money director to leave
Howden’s Nigel Dearsley to replace outgoing Richard Shannon as head of Leeds accounting centre
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Online onlyBriefing: Why Zurich and RSA were always ill-suited partners
Zurich has just dodged a bullet with its decision to end its RSA bid
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Online onlyBrit invests in MGA Ambridge as US expansion continues
Ambridge is based in both London and New York
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NewsZurich was 'aware' of concerns before dumping RSA
Zurich’s failed RSA bid is brushed aside by analysts who never warmed to the deal
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NewsR&Q warns on full-year results after £4.5m H1 loss
Company launches review of business model, but expects full-year profit
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NewsAA’s new underwriting unit to have £7m of capital
Capital will be supported by reinsurance and co-insurance
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NewsAA’s insurance profit drops 10% as tough conditions bite
Company expects IPT hike to boost competitive pressures in motor
