Financial Ratings – Page 121
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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
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NewsZurich UK’s Dave Smith hails return to growth in 2014
General insurance business grows 2.2% after years of personal lines cutbacks
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NewsZurich UK’s combined ratio drops to 95.5% in 2014
UK general insurance operating profit increases 26%, group results show
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NewsAgeas UK profit rises 11% thanks to life business sale
Sale gains and legal settlement proceeds mask lower profit in insurance and retail divisions
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NewsHedge fund Tosca sells 2.2 million Quindell shares
Investor makes £1.56m from sale as stake drops back below 5%
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NewsRIAS founders target £50m GWP with new home insurance broker
Hampshire–based Intelligent Insurer will sell policies through aggregators, direct online sales and a UK contact centre
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NewsRevenue fall in transport and real estate stunts Willis Insurance UK growth in Q4
Broking Group profit dips by 0.8% in full year 2014 as organic growth slips
