Financial Ratings – Page 110
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NewsQuindell delays publication of results over ‘complexity’
Insurance outsourcer had originally planned to release accounts on 30 June
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NewsBrokers enjoy boost in business volumes and confidence in Q2
But investment in technology will continue to put pressure on profitability, PwC/CBI survey finds
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NewsTowergate made £804m loss in 2014 after £553m goodwill write-down
Results also hit by 146% jump in operating costs
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NewsTowergate paid £16.7m for Arista
Broker also received £1.9m in proceeds for the sale of Folgate
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NewsETV and client money probes cost Towergate £1.1m in Q1
Exceptional costs pushed broker to £33.5m pre-tax loss in quarter
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NewsTowergate underlying profit halves in first quarter
But chief executive Scott Egan insists the company is over the worst and does not plan further cost cuts
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NewsBluefin appoints interim finance chief following Philip departure
Broker to replace chief operating officer role with chief financial officer position
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NewsMotor insurers will return to loss in 2015 - EY
Insurers make underwriting profit for second year running, but this will be ‘short-lived’
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NewsFCA plan to measure GI value prompts mixed response
DST says examining value for money alone is a ‘mistake’
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NewsSaffron reports sixfold rise in profits
Growth reflects increase in income and a managed reduction in overheads following a review in 2013
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NewsFCA investigating Quindell over financial statements
Insurance outsourcer suspends share trading on AIM
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Online onlyNewbridge launches political violence underwriting cell on MGA platform
The underwriting cell will focus on international terrorism risks
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NewsS&P: Insurers face higher costs if UK leaves EU
Exit could ‘significantly dent’ UK’s trade surplus from insurance and financial services
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NewsR&Q expects return to profit in second half of 2015
Chief executive Ken Randall hails ‘exceptional pipeline’ of new business opportunities
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NewsLloyd’s capacity falls for first time in 10 years – Aon Benfield
Decline due to discipline in tough conditions, broker says
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NewsHiscox hires Aspen’s John Worth as interim finance head
Worth will replace outgoing chief financial officer Stuart Bridges
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NewsAirmic 2015: Broker payments from insurers and clients creates conflict - BP head of insurance risk
But Lloyd’s chief exec Inga Beale stressed source of payments still came from clients
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Online onlyAirmic 2015: Businesses must expect high premiums for critical insurance
Companies should have a secure contract for business-critical insurance, even if that means higher premiums
