Financial Ratings – Page 125
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NewsLosses continue at Lorica as broker makes more hires
Broker reiterates its commitment to return to profitability in 2015
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NewsXL to pay £2.79bn for Catlin as companies agree merger terms
Stephen Catlin (pictured) to become executive deputy chairman of combined company
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NewsBig UK motor insurers retaining less risk – Guy Carpenter
At least two reinsurers have stopped offering non-capitalised PPO cover, broker says
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NewsCity Minister: tell us what is holding back growth
Andrea Leadsom reaffirms government’s commitment to growing UK insurance industry
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NewsCatalina buys Quinn run-off book
Bermuda-based run-off buyer acquires £363m of failed Irish insurer’s old liabilities
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Online onlyHedge fund increases stake in Quindell
Tosca now controls more than 5% of claims processor’s shares
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NewsTakeover rumours boost Gable stock price
News report suggests Bermuda-based funds are targeting unrated insurer
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NewsCobra parent Alto to hit acquisition trail after making first profit
Company in due diligence with four brokers with possible deal at end of Q1
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NewsAgeas completes sale of life insurance arm for £197m
Sale allows Ageas to continue to focus on non-life business
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Online onlyQuindell in talks over possible sale
The group has entered into “exclusivity arrangements” for talks about the disposal of one of its operating divisions
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Online onlyTowergate bondholders interested in acquiring broker
A debt-for-equity swap has been proposed by a group of secured debt holders
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Online onlyDownward pressure on reinsurance rates continues – Willis Re
Alternative capital and low levels of losses to blame
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NewsA&A Group returning broking arm to profitability after £4.5m loss
Broker has written more new business in the second half of 2014 than the first six months
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NewsFitch warns Towergate loan default 'probable'
Ratings agency cuts broker’s issuer default rating to CC
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Online onlyJelf pays £10.1m for Leeds broker Beaumonts
Jelf Insurance Brokers boss Phil Barton (pictured) says deal will make it a ‘Northern powerhouse’
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NewsEquistone sells stake in A-Plan
The broker’s majority shareholder confirms sale to fellow private equity firm HgCapital
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Online onlyAgeas Retail secures £150m loan
RBS Invoice Finance will also help with a three-year simplification and growth programme
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Online onlyQuindell boss Fielding plays down Terry share dump
Chief executive says share sale has no impact on the day-to-day running of the business
