Financial Ratings – Page 122
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NewsCatlin reports 13% boost to pre-tax profit
The insurer will also declare a special dividend of 12p per share following the sale of Insure the Box
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NewsDavies expects to win 20 contracts this year after returning to profit
Garwyn acquisition contributed nearly £1m to underlying profit in 2014
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NewsAon creates new SME arm after merger
Aon Risk Solutions boss Jim Herbert says move will position broker for growth
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NewsTowergate chairman hails unsecured creditors’ takeover deal
Certainty about future will allow unfinished transactions to be completed, says Alastair Lyons
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NewsTowergate’s unsecured creditors strike deal to take control of broker
Highbridge, KKR and Sankaty will own 80.6% of company
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NewsAon broking profit rises 7% in 2014 as group enjoys 26% jump
But organic growth in broking slips back to 2% because of fall in reinsurance revenue
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NewsGallagher buys Maidstone MGA Evolution
Paul Upton (pictured) and his team will continue to run business
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NewsAspen results miss analysts’ expectations
Chief executive O’Kane says firm mantained discipline in January Reinsurance renewals
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Online onlyAmerican financial giant JP Morgan swoops for Towergate
JP Morgan arm leads pack of unsecured creditors primed to seize control
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NewsBeazley profits hit by lower reserve releases
GWP improves but COR and pre-tax profits take a hit at the Lloyd’s insurer
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AgendaRising costs caused SSL Loss Adjuster collapse
Administrators report released into the failure of the Northampton-based business
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NewsPeter Cullum-backed consolidator funds broker Ropner MBO
Marine broker will use investment to expand business through acquisitions of teams
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NewsTowergate junior bondholders ‘unlikely to make meaningful recovery’
Moody’s downgrades broker’s unsecured debt to C
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NewsGallagher broking profit rises 29% but organic growth slips
Broker warns that 2014 organic growth levels may not be repeatable
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NewsLloyds Bank raises PPI mis-selling compensation pot to £12bn
Lloyds is to detail the extra charges when it reports 2014 results on 27 February
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NewsCanadian insurer Fairfax to buy QBE's Ukrainian insurance arm
Acquisition follows purchase of QBE’s Czech Republic, Hungarian and Slovakian businesses two months ago
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NewsLloyd's broker doubles GWP to £70m with acquisition
Clegg Gifford’s acquisition of broker Westminster leaves former owner Tradex as insurer only
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NewsBroker Principal secures £250,000 funding from Yorkshire Bank
It is the first time the broker has sought external funding since it was set up in 2011
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Online onlyQuindell sale negotiations ‘on-going’
Outsourcer is in talks with Australian law firm about the disposal of its legal services division
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Online onlyXL reports record COR for 2014
Combined operating ratio (COR) improves by 4.3 percentage point as lack of catastrophes drives down loss ratio
