Results – Page 110
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Storm Desmond could cost insurers £325m
Total cost of damages could be £400m to £500m, PwC insurance head predicts
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Admiral ‘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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Towers investors urged to reject Willis bid amid unfair deal claims
Willis and Towers Watson merger facing hurdles over deal price
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FSCS: no interim levy expected for 2015/16
Both insurers and broker considered at low risk of additional charge
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Cyber 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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AIG reportedly considering selling blocks of life policies
US firm looks to tighten focus under pressure from activist investor Carl Icahn
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Insurers 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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Crisis 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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UK commercial rates among fastest falling globally in Q3
Rates fell by more than 7.5%, Marsh quarterly study finds
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Cyber 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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Regulators approve Allianz’s solvency capital model
German, UK and other EU regulators sign off insurer’s internal model
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Hastings pays back £310m outstanding bonds
Insurance group uses new term loan and exiting free cash to redeem bonds
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AIG offers mid-market supply chain finance product
Teams up with PrimeRevenue to help fund non-investment grade businesses
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Icahn plans to force shareholder vote on AIG breakup plan
Activist investor now owns 3.4% of US insurance company
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Allianz aims for €1bn savings, looking for acquisitions
Insurer sets three-year financial targets, refocusing business on growth
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Ross: Towergate small business unit a ‘catastrophe’
Chief executive praises SBU staff for their tolerance
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Ross: Towergate must tackle ‘infrastructure issue’ before M&A
Broking group heading ‘in a very healthy direction’, new chief executive insists
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Discontinued insurer deals drive 8.7% fall in Broker Network income
Adjusted EBITDA also fell by 30%
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Regulatory 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