All Finance articles – Page 134
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News
Oval confirms talks of Allianz stake in group
Oval has confirmed that it is in discussions with Allianz about taking a stake in the broker group.Managing director Jeff Herdman said that the company hoped to make an announcement regarding Allianz’s stake – believed to be 10% – in the next few weeks. He would not comment on speculation ...
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News
FSA finds £9bn capital shortfall
Insurers under estimated their regulatory capital requirements by a total of £9bn, a review by the FSA has found. The FSA said that 50% of companies had failed to make a “sufficiently robust” assessment of the amount of capital they needed to hold, known as the individual capital assessment (ICA). ...
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News
Consolidation surge before capital gains rise
A surge in broker consolidation has been predicted as sellers look to avoid increases in capital gains tax announced in the Pre-Budget Report. But there were mixed views on how the proposed changes would affect acquisition prices.Last week the Chancellor, Alistair Darling, said capital gains tax would increase from ...
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FSA finds insurers 'in better position to face Solvency 2'
Review of insurers' have taken significant steps to delivering risk-based capital management
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Tyser MBO will 'secure its independence'
Partners reduce share ownership as employees gain greater stake
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Stockwatch
JP Morgan this week enticed shareholders to sell their Royal & SunAlliance (R&SA) stock and head for Aviva, which it said was better value. Aviva is expected to increase household insurance premiums as a result of summer flood damage, and its motor insurance premiums are also expected to rise. A ...
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Online onlySwiss Re gets rating
SR International Business Insurance placed on review for possible upgrade
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News
Stockwatch
Benfield shares gained 12.5% this week after reports of a failed £700m takeover bid by Goldman Sachs. Analyst Numis said that the latest failure to strike a deal made a buy-out unlikely in the near future, as the most likely candidates had been exhausted. Aon and Marsh are also ...
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News
Cobra targets reinsurance as first half profits flat
Broking group Cobra is to enter the reinsurance sector in a move to expand its London market division. Cobra Holdings chief executive Steve Burrows said the group had invested heavily in its London market operation, employing new teams to develop the reinsurance operation. He said: “We decided now is the ...
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News
Lloyd’s backtracks on naming and shaming
Lloyd’s chief gives reprieve until year end for firms failing to reach electronic reform targets as Lloyd’s profit soars 33%
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News
NU pulls out of Oval deal as Allianz poised for stake
10% shareholding deal to be completed in next few weeks
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Online onlyThe fine art of making money
Investment in modern art has provided fine returns, but for how long asks Andrew Holt
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