All articles by Newsdesk – Page 169
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News
Allianz UK operating profit up 5.6%
Chief executive Dye warns of commercial rate increase slow-down
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Amlin UK’s underwriting profit drops 89%
But company expects UK unit to benefit from continuing fleet motor rate rises
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Industry-wide apprenticeship scheme launched
Scheme is a response to government’s Insurance Growth Action Plan
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S&P upgrades RSA to A
Rating agency notes ‘number of positive financial developments’ since December downgrade
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Weather damage claims in Q4 2013 are worst for a decade - Deloitte
January storms are also likely to result in the highest number of Q1 claims since 1990
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Cameron accused of giving wealthy home owners preferential treatment over Flood Re "inclusion"
Millions of excluded leasehold and private rented homes have been left to “sink or swim” - British Property Federation
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Randall and Quilter plans for acquisitions in H2 2014
Pre-tax result for 2013 to be in line with expectations but 2014 group profit is likely to emerge later in the year
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Blackstone's Tom Stoddard to replace Pat Regan as Aviva chief financial officer
Stoddard who is currently a senior MD at the investment firm will start his new job in May
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Risk of more floods from climate change as UK storms cost set to exceed £1bn - Allianz
UK floods and US snow storms are connected by the destabilisation of the jet stream - Allianz
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Deafness claims push RSA’s UK commercial liability COR to 140%
Overall UK COR up 0.4 points after hits from weather, liability and motor
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Unrated insurer ERIC loses licence
The Icelandic Financial Supervisory Authority made the move after issues with minimum solvency requirements
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Cameron privately orders Flood Re review to include high value properties
Prime minister wants council tax Band H properties to be included in the scheme
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Helphire increases profits to £4.2m
And the CHC announces acquisition of legal firm New Law
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Xchanging profits up 10%
Company looking to maintain profit levels in 2014 and return to growth in 2015
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Stephen Hester launches £775m rights issue as RSA reveals £244m loss
‘RSA does not have enough equity to support the business it’s writing’ chief exec admits
