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Millfield confident on closing cash gap

Millfield has admitted a capital adequacy shortfall of 0.8m to the FSA and says it expects this to rise to 1.5m for late December. The board is confident it will eliminate this shortfall pointing out it has a cash balance of 8.1m.

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Insurers still have issues with flexibility and underwriting, says BIBA

Insurers overall performance has improved but there are still issues to be addressed with flexibility and underwriting according to the British Insurance Brokers Association.Speed of issue of policy documents and accuracy of paperwork were some of the issues highlighted in Bibas tenth annual survey among 440 personal and 582 commercial brokers.When policies are inaccurate brokers […]

British youth hope to live abroad, says UCB

Most of the UKs youth believe they will own their own home, buying their first property between the ages of 25 and 30, according to UCB Home Loans.However, the specialist lender of Nationwide says although the desire to own property is strong, 32 per cent of respondents say they would rather live abroad than buy […]

Healthcare regulation amalgamation predicted for Gulf states

While Dubai is leading the way in terms of legislating for expat healthcare in the Gulf, Qatar, Abu Dhabi and others are watching and learning – that’s according to Jelf International’s director of international services, Doug Rice. He believes the pace of change in the Gulf states will continue and that some level of unified healthcare system will be introduced across the region.

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