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SGAM appoints new chief exec

SG Asset Management has appointed Jean-Baptiste Segard as chief executive. Current joint CEO John Richards will focus entirely on his head of asset allocation and UK equities fund manager responsibilities while fellow current joint CEO Alex Buffet will take on new senior responsibilities within SGAM Group after nine years at SGAM UK.


C&G moves into light adverse but not sub-prime

Cheltenham & Gloucester has moved into the light adverse market but has decided against moving deeper into the sub-prime sector, following an internal review.C&G said in February it was considering a move into the non-conforming and equity release sectors, but while it has not detailed any firm plans regarding self-cert or equity release, it has […]

Swiss Re is not ducking cancer claims

The suggestion in last week’s Money Marketing that Swiss Re is seeking to avoid valid claims for two cancer conditions is, unfortunately, misleading. Swiss Re’s dialogue with the Association of British Insurers on critical illness cancer definitions is not directed at preventing consumers from claiming for malignant myeloproliferative disorders. In earlier stages of draft-ing, the […]

Making advances

Global stockmarkets seem to have shaken off their summer worries over the past few weeks. With this change in mood has come not only new, or at least recent, highs for some of the world’s major indices but, we believe, a fundamental shift in the type of stocks likely to lead further advances.

Paymentshield will be sold to Towergate for 180m

Paymentshield is set to be sold to the UK’s biggest regional general insurance intermediary in an expected 180m deal, Money Marketing understands. The Towergate Partnership, which controls over 1.25bn of gross written premiums, is believed to be in the final stages of negotiations to snap up the mortgage payment protection insurance and buildings and contents […]


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