Financial Ratings – Page 98
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NewsCyber attacks are a growing threat to UK financial system
Bank of England’s latest systemic risk survey finds that the biggest threat to the system is economic downturn
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NewsAIG reportedly considering selling blocks of life policies
US firm looks to tighten focus under pressure from activist investor Carl Icahn
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NewsInsurers may be slow to pass on whiplash reform savings – Fitch
Companies will be cautious about cutting rates after experience in 2013 reforms
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Online onlyCrisis deepens at Slater and Gordon as shares crash another 26% – latest
Australian law firm in crisis as share price is being destroyed by UK government whiplash crackdown plans
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NewsUK commercial rates among fastest falling globally in Q3
Rates fell by more than 7.5%, Marsh quarterly study finds
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NewsCyber is only commercial line to enjoy big rate increases
Average cyber coverage limit broke through $20m barrier in Q3, says Marsh
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NewsRegulators approve Allianz’s solvency capital model
German, UK and other EU regulators sign off insurer’s internal model
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NewsHastings pays back £310m outstanding bonds
Insurance group uses new term loan and exiting free cash to redeem bonds
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NewsAIG offers mid-market supply chain finance product
Teams up with PrimeRevenue to help fund non-investment grade businesses
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NewsIcahn plans to force shareholder vote on AIG breakup plan
Activist investor now owns 3.4% of US insurance company
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NewsAllianz aims for €1bn savings, looking for acquisitions
Insurer sets three-year financial targets, refocusing business on growth
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NewsRoss: Towergate small business unit a ‘catastrophe’
Chief executive praises SBU staff for their tolerance
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NewsRoss: Towergate must tackle ‘infrastructure issue’ before M&A
Broking group heading ‘in a very healthy direction’, new chief executive insists
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NewsDiscontinued insurer deals drive 8.7% fall in Broker Network income
Adjusted EBITDA also fell by 30%
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NewsRegulatory probes cost Towergate £8.8m in first nine months
Towergate has also moved the date when it expects to start paying customer redress, if any, to Q1 2016 from Q4 2015
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NewsTowergate reports underlying loss of £18.7m as costs hit
Broking group “resilient” despite performance deterioration, says chief executive David Ross
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NewsEY: Motor rates set for biggest rise since 2011 next year
UK motor market to report COR of 102.2% in 2015 and 103.8% in 2016, firm predicts
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NewsInsurers to retain more risk under terrorism scheme
Scheme boosts retention to £135m per event, but caps annual retention at £270m
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NewsR&Q expands European business with latest Malta acquisition
Chairman Ken Randall says TNF acquisition demonstrates its firepower to clinch European deals
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NewsRating agencies back our US sale strategy - Cooper Gay
Moody’s and S&P are examining broker’s sale of North American operations
