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Britannic Group buys life operations of Allianz Cornhill Insurance

Britannic Group has bought the life operations of Allianz Cornhill Insurance.

Britannic completed the purchase of the subsidiary on December 31, 2004, on terms agreed at the start of initial negotiations.

Britannic paid 93m as an initial consideration, and a final undisclosed sum will be paid once a completion valuation has been undertaken.


Panel survey reveals fears on rising compliance cost

The increasing cost of compliance is having a negative impact on competition, according to the Financial Services Practitioner Panel. The panel surveyed 3,000 firms on the FSA’s regulatory performance and found that the cost of compliance is the single biggest issue. Firms are unhappy with the level of investment required to ensure they are compliant […]

Out to lunch

Aegon PR Adrian Cammidge was struck with amnesia at MM’s annual Christmas bash. Forgetful Cammidge was for once rendered speechless when unable to remember the name of the restaurant he had booked for the aforementioned Christmas lunch. The Diary thinks sleepless nights are taking their toll on old father Cammidge. And ‘not getting any’…sleep that […]

Severn is up to the challenge

Your editorial challenges the wisdom of David Severn’s appointment as Aifa director general on the grounds that he is not a practising IFA. It is a matter of history that Paul Smee, when appointed, was in a similar situation but clearly had all the skills to deal with the challenges presented by the regulator and […]


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