Financial Ratings – Page 128
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Online onlyCredit card insurer CPP involved in mis-selling scandal seeks buyer
York-based firm looks to restructure creditors and secure new equity funding
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Online onlyBeleaguered Quindell suffers blow as major shareholder dumps stock
New blow for Fareham-based insurance processor as Fidelity halves its holdings
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NewsGibraltar insurer Octagon seeks capital as solvency margin drops below 100%
In another development, sources suggest firm is seeking a buyer
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NewsR&Q issues 2014 profit warning over asbestos reserve strengthening
Run-off buyer’s full-year result to be ‘materially’ below expectations
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NewsFormer Bluefin director completes MBO of Bradford-based broker
Marshall Sugden wants to grow Packetts, formerly Sydney Packett & Sons, to be a £20m premium income broker
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NewsDiversification boosts Catlin GWP by 11% despite rates decrease
The rates across Catlin’s entire portfolio decreased by 2.9% during the nine-month period
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NewsInsurance companies owed £429,051 by collapsed London broker
The FCA cancelled EPLS’ permission to sell financial services in September
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NewsMotorists shopping around help MoneySupermarket grow turnover
Turnover from insurance up 15% in latest three months
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NewsBrit draws line under old liabilities by exiting reinsurance deal
Lloyd’s insurer’s GWP grows 4.9% despite tough market conditions
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News
Novae in ‘strong position’ after 6.3% GWP growth in year to date
Surge in marine, aviation and political risk GWP offsets declines in property and casualty
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NewsQuindell share price drops 36% in two days
Stock now trading at 75.5p after a 20.5% drop yesterday
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NewsZurich to close final salary pension
Insurer plans to pay flat rate of 12% into all employee’s pensions instead
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NewsRSA at risk of further write-offs or reserve hikes - Fitch
Insurer could be downgraded if it cannot keep its COR below 97%
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NewsQuindell's share price crashes 15% as investor concern mounts
Rob Terry issues another clarification over share purchase agreement
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NewsAllianz’s Dye: Commercial lines competition ‘getting worse’
Personal lines combined ratio was 0.5 points higher than forecast
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Online onlyQuindell comes out fighting to clear up 'investor confusion' as shares plummet 9%
Quindell broker Cenkos moves quickly after shares fall following investor confusion over share buy transaction
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NewsAllianz UK’s nine-month profit drops 9% as GWP rises 12%
Overall combined ratio up 1% as personal lines deterioration offsets commercial lines improvement
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Online only'Highly competitive' price comparison market hits Admiral-owned Confused results
Admiral third quarter turnover declines 3% to £513m compared to the same period last year
