Financial Ratings – Page 115
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NewsScott Egan: Towergate must not be arrogant despite renewed confidence
Broking group in ‘no great rush’ to get back on acquisition trail after restructuring
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NewsHedge funds complete Towergate deal
Consortium of funds finalises restructuring of broker’s finances
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NewsJames Reader: Covéa’s better 2014 results just one step of the journey
Insurer aiming for further double-digit commercial growth in 2015 but expects motor slowdown
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NewsCobra in £6.9m debt refinancing with Clydesdale Bank
New money will allow company to focus on growth opportunities
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NewsInsurance employees earn 12% more than brokers
CII salary survey also highlights significant gender imbalance in pay
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NewsUK General seeks double-digit GWP growth from its three units
MGA’s Rural unit aiming to be UK’s second-biggest agricultural insurer
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NewsQuindell makes £31m error in shareholder letter
Shares suspended after outsourcer understated profits from unit it is selling to Slater & Gordon
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NewsCarlyle Group to buy Nationwide Accident Repair for £43.2m
Private equity group makes £1 a share offer for crash repair firm
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NewsRSA completes £130m sale of Hong Kong and Singapore units
Sale to Allied World gets regulatory and court approvals
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NewsQuindell’s Rob Terry takes 7.4% stake in troubled stockbroker
Daniel Stewart Securities has only recently resumed trading on AIM following capital shortfall
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NewsLV=’s John O’Roarke gets 26% pay rise in 2014
Insurer’s general insurance chief executive in line for 2% base pay rise this year
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NewsCovéa profit rises 40% despite ‘incredibly competitive market’
Insurer cuts COR to 97.8% and reports 15% GWP growth
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NewsOutsourcer Pro Global returns to profit after restructuring
Company makes £3.8m profit in 2014 after £33.5m loss in 2013
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Online onlyGotham doubtful over £637m price paid for Quindell unit
Gotham City Research believed Slater and Gordon was going to pay far less for Quindell
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Online onlyQuindell accounting review expected to result in reduced profits
Quindell likely to have to restate some previously announced results
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Online onlyAgeas secures A+ rating from Fitch
Rating is the first Ageas has received since public information ratings were stopped by Standard & Poor’s
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Online onlyQuindell sells professional services division for initial £637m
Slater and Gordon will also pay 50% of fees received for all noise induced hearing loss cases to Quindell
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