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Commercial Union and Guardian Royal Exchange saw their share prices dip after the worst UK floods in 50 years. CU&#39s share price closed down by 15p to 1265p, with GRE&#39s share price falling by7.75p to 432.25p on Tuesday. Estimates of the cost of the floods to the insurance industry range from £400m to £1.2bn.


Marshall replaces Ions at Aberdeen Prolific

Gary Marshall has been named sales and marketing director at Aberdeen Prolific, replacing John Ions who has left to join Société Générale Asset Management.

PI insurers in pledge on cover

Leading professional indemnity insurers have acted to reassure IFAs that their bills will not rise following the introduction of the PIA Ombudsman Bureau&#39s new £100,000 compensation limit. The PIA announced the increase, backdated to January 1, last week after over a year of wrangling with PI insurers. When the increase from £50,000 to £100,000 was […]


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