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CGNU to pull out of Lloyds

US investor Warren Buffett&#39s Berkshire Hathaway Group is buying an underwriting agency from merged insurance group CGNU.

Shares in CGNU leapt 4 per cent to £9.58 on the announcement of the sale but the move to pull out of Lloyds of London will cost CGNU £448m in charges.

The insurer says it is selling the Marlborough Underwriting Agency to concentrate on house, car and small business insurance but stresses there will be no job losses as a result.


WPA sets up PMI website for IFAs and clients

Western Provident Association is setting up a private medical insurance website for brokers and policyholders to monitor and manage their private health insurance.The website enables intermediaries and corporate clients to administer their PMI policies, including buying, renewals and claims tracking.Medical audio files are also available on the website to allow users to learn about conditions. […]

DBS recruits Duff

DBS has announced the appointment of Howard Duff as network recruitment manager for the north of England. Duff&#39s will be forming part of a new team to spearhead the company&#39s drive to build its member base. He was previously development manager with Misys IFA services where he was in the sales team responsible for recruiting […]

Take a look at it from the other side of the fence

It is not surprising that the complexity of life company constitutions and membership regulations can cause confusion for IFAs and their clients despite the best endeavours of the life company to provide open and clear information to everyone.Several points in the article entitled, Advisers tell clients to snub Scotlife takeover vote (Money Marketing, October 19) […]

CJD furore sees doctors taking out critical cover

Specialist IFAs are seeing a sharp increase in the number of medical professionals taking out critical-illness cover as a result of fears over CJD.Hatfield-based IFA Portfolio Insurance Consultancy principal and deputy chairman of Aifa&#39s critical-illness working party Brian Lentz says, due to a number of recent medical horror stories, medical professionals are taking out more […]


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