Latest News – Page 1770
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NewsRBSI tipped to float if CVC sale gets go-ahead
Private equity house bidding for 51% stake with Swiss Re ‘would be looking to float’.
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NewsAIG ‘cancels Christmas’
US insurer calls off all seasonal celebrations after luxury event slammed.
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News
News in brief
Netherlands bails out INGThe Dutch government has handed €10bn (£7.8bn) to bank and insurance group ING. The government will take non-voting preferred shares in the group, giving it an 8.5% stake. ING said this would create “a strong buffer to navigate the market and economic environment”. Wildfire payoutsThe California Department ...
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NewsRutter moves from Lockton as broker reshuffles management
Former Independent executive joins US insurer that is planning to expand in the UK.
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NewsMarsh gathers 200 clients for credit crunch summit
Ratings agencies will be asked to explain what went wrong at broking giant’s City event.
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News
News in brief
Airmic fraud warningFraud is on the rise as the economic gloom deepens, Airmic members have been warned at a joint briefing organised by RSA and Crawford & Company.Suzanne Kearney, director of SLS, a Crawford company, said: “Claims are on the increase in even the most well ordered companies.”During the economic ...
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FeaturesWe felt squeezed. There had to be another way
And for Stuart Randall, a broker with 35 years in the industry, the other way was Brokerbility. Almost three years after he set up the group, it is rapidly approaching his target of £500m GWP. Danny Walkinshaw finds out more.
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Comments/LettersWe have a key role in the survival of UK plc
Lord Hunt says firms will rely on insurance policies to protect them from market turmoil.
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Comments/LettersIt’s back to basics for insurers
The crisis will restrict financial re-engineering, says Andy Baldwin of Ernst & Young.
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Online only
GAB Robins handles Chase Farm Hospital claim
Fire loss estimated to be in excess of £1million
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General insurance sector surviving credit crunch, says Willis report
Broker says insurance market has remained "relatively isolated".
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Online onlyChaucer expects $55m hurricane losses
Lloyd's insurer says estimate is "broadly consistent with its year to date budget for catastrophe claims".
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Online onlyLloyd's reveals "manageable" Gustav and Ike loss estimates
Richard Ward says exposures are "in line with expectations".
