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Skandia rejects 11% of CI claims

Skandia paid out on 89 per cent of critical-illness claims in the last 12 months, up by 1 per cent on the last year. Two per cent were declined for non-disclosure and 9 per cent because the claim did not meet policy definitions.

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Sesame is set for third shift in year

Sesame members have reacted angrily to the prospect that they could be moved under a third parent group in less a year if the proposed merger of Friends Provident and Resolution goes ahead.Friends only acquired the support services provider from Misys in March in a £90m deal and regulatory approval was given in June. That […]

Focus wins HSBC contract extension worth £322,000

Focus Solutions Group is announcing a contract extension with HSBC Bank.The contract is worth £322,000 and relates to consultancy services, which will be carried out in 2008, to assist in the scoping and analysis of requirements for the second half of a major new project being undertaken by the bank.Focus is already developing a sales […]

Clear sighted

There is a fad to describe something that is clear as being transparent or, more usually, something that is unclear as not transparent, as in “the charging structure is not transparent” rather than “the charging structure is not clear”. The point about transparency is that you can see through it to something on the other […]

Spins of omission

One aspect of this market that has remained remarkably consistent has been the level of corporate activity. This is despite the growing belief that private equity deals may be more difficult to put together due to the state of the credit market. The move on Sainsbury by Delta Two, not strictly a private equity group although sharing many of the characteristics, will involve a fair amount of borrowing. These operators may see market value that the more nervous among us believe is no longer present.

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