Insurer News – Page 450
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NewsPremium Credit sold for £800m as not a ‘natural fit’ with Bank of America
Bank sells premium finance provider to private equity firm as it sheds non-core assets
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Online onlyLower reserve releases cut Allianz UK profit
Allianz UK made a first-half 2011 operating profit of £77.5m, down 1% on the £78.4m it made in last year’s first half.The company attributed the drop to lower reserve releases from prior years during 2011.Allianz’s combined ratio increased slightly to 96.1% from 95.3%. However, chief executive Andrew Torrance hailed the ...
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