Principle Insurance Holdings, parent company of the UK’s first Shariah compliant insurance group, has confirmed the conditional sale of its subsidiaries, Principle Insurance Company and Principle Marketing Services, to Al Salam Group Holding Company – a member company of the Kuwait-based Al Madina Group – for an undisclosed sum.
The Principle Group, which traded under the Salaam Halal insurance brand, was originally authorised by the Financial Services Authority in April 2008 and entered into solvent run-off in October 2009....
An accountant for the British Insurance Brokers’ Association has been jailed for 18 months.
American International Group is in discussions to sell its shares in Ascot Underwriting.
KPMG published last week its latest Pulse of Fintech report, including the investment figures for the year-to-date in the insurtech space.
The Financial Conduct Authority has confirmed that it has formally approved the acquisition of Target Group by digital transformation specialists Tech Mahindra.