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Ardonagh’s results hit by £51mn Towergate compensation bill


Ardonagh Group’s dismal £260.9mn 2017 FY loss was exacerbated by a more than £50mn charge thought to be related to claims against one of its companies Towergate, which was forced to payout millions in compensation over a pensions advice scandal.

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An ‘astounding’ number of insurers expect to be unaffected by Brexit


The deputy governor of Ireland’s central bank has fired a warning shot to the “astounding” number of Irish insurers that say they do not expect to be impacted by the UK’s departure from the European Union.

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Russia targets big three brokers in 'investigation' over sanctions dodging


The Russian authorities appear to have taken aim at the big three reinsurance brokers’ dealings in the country after a report in a state-run newspaper said the companies’ dealings with the Russian National Reinsurance Company (RNRC) were under “investigation” by the Interior Ministry.


Barbican and Howden pursued by Danish guarantee fund after Gable failure


Lloyd’s insurer Barbican and broker Howden have become the latest to find themselves ensnared in the growing construction liability crisis, understands.

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FCA looks into ‘informal’ information sharing in wholesale broking review


The UK regulator has asked whether brokers “informally” share information about tenders in its wide-ranging probe into the wholesale market, revealed on Friday (6 April).

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FCA cuts back on investigations to focus on Brexit


The Financial Conduct Authority (FCA) has set out plans to scale back activities that aren’t directly impacted by Britain’s departure from the European Union.