Financial Ratings – Page 97
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NewsUK motor reinsurance rates show signs of softening
Loss-free policies got price reductions of up to 10% in January 1 renewals, says Willis Re
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NewsLoss of Elite motor account pushes NCI profits down 93%
Following a strategy review the group has been rebalancing its revenue and profit generation more equally in its three main business units
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AgendaSlater & Gordon facing legal action after Quindell purchase
The firm’s share price has slumped since purchasing the professional services arm of the now named Watchstone Group
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NewsInvestment in acquisitions drives fall in Cobra pre-tax profits
But surplus funds from disposals have produced profits of £800,000 in current year and enabled Cobra to reduce bank debt
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NewsDirect Line Group losing Nationwide is ‘a blow’ – analyst
Analyst reaction in aftermath of RSA winning deal from DLG
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Online onlyNationwide deal cements us as the top home player – RSA
RSA closing in on a billion pound intermediated account following Nationwide deal
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NewsAston Scott operating profits climb 22.1%
Broker plans to make targeted acquisitions over the coming year to supplement organic performance
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NewsBluefin buys Scottish broker Lomond MacDonald
AXA-owned broker says it is looking for more acquisitions
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NewsCarlyle confirms stake in Giles consolidator PIB
Giles predicts PIB will be ‘a major consolidator’
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NewsWillis/Towers Watson merger to go ahead after shareholders approve deal
Sweetened dividend for Towers Watson shareholders clinches key vote
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NewsFitch turns negative on Towergate ratings over debt and cash flow
Ratings agency says there is ‘significant execution risk’ with broker’s turnaround plan
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Online onlyAIG staff shock as top bosses are latest culled
Top level executives join UK boss Jacqueline McNamee in leaving the insurer
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Online onlyGiles consolidator on verge of winning backing for new wave of M&A
Nicolas Sarkozy’s half brother is a partner at private equity firm considering investment in PIB
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NewsWillis urges shareholders to vote 'Yes' on final Towers offer
Takeover terms are ‘best and final’ terms in $18bn offer
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NewsStorm Desmond could cost insurers £325m
Total cost of damages could be £400m to £500m, PwC insurance head predicts
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NewsAdmiral ‘most exposed’ to bodily injury claims cost rise - analyst
Macquarie expects insurer to be hit hardest because it underwrites a greater proportion of younger drivers
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Online onlyTowers investors urged to reject Willis bid amid unfair deal claims
Willis and Towers Watson merger facing hurdles over deal price
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NewsFSCS: no interim levy expected for 2015/16
Both insurers and broker considered at low risk of additional charge
