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Gan and Lombard to have joint executive

French insurance giant Groupama-Gan has restructured its UK businesses under a joint executive team.

The insurer which owns both Lombard Insurance Group and Gan plans to integrate their executive teams from each of the companies, with Tony Lancaster becoming chairman and chief executive.

Lombard General&#39s managing director Kenneth Maciver will assume the role for the UK business.

New recruits Tim Ablett is set to join the group in August from Royal & SunAlliance. He will have responsibility of personal lines business which includes general insurance such as home or car protection.

Gan director Stephen Hartigan will assume control of commercial lines, reinsurance, purchasing and city commercial operations.


Gross building society lending up for third month

Building society gross mortgage lending grew for the third consecutive month in June according to latest figures from the Building Society Association.Gross advances were up 12 per cent in June to £2,664m from £2,370m compared to the previous month.But approvals – loan applications which have proceeded to the next stage – were down by £129m […]

Mercury voted top fund manager

Mercury Asset Management has been voted Europe&#39s number one fund manager in the 1999 Primark Extel Survey.The survey polled the Eurotop index&#39s top 300 companies.This follows a recent Reuters Survey of the UK Larger Companies which elected Mercury as the &#39Best Fund Management Group&#39.MAM co-head Carol Galley says: &#34Our unrivalled ability to understand the companies […]

Northern Venture Capital Trust 2 raises £20.8m

Venture capital trust Northern 2 VCT is closing its share issue after raising £20.8m from over 1,200 private investors.The trust, managed by Northern Venture Managers, will have a generalist theme investing in a range of companies.It will invest 75 per cent of the capital in later stage deals of up to £3m, but averaging £1m.The […]

Britannia Life fined £500,000 over pensions review

Britannia life has been fined £500,000 by the PIA over the pensions misselling review.The Glasgow based life office received the fine and reprimand from the regulator. It was also ordered to pay £15,000 in PIA costs.The disciplinary action follows a visit by the PIA Pensions Monitoring Department in September 1998 which identified a number of […]

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Pension freedoms: stop the scams

At the beginning of 2015, we highlighted that the new pension freedoms that come fully online on 6 April also represent a very attractive opportunity for the criminal fraternity to scam savers out of some, or all, of their accumulated retirement savings.


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