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Commercial

Assurex Global Re forms new cell

Assurex Global Reinsurance, a captive insurance company formed by Assurex Global Partners, has announced the formation of a specific cell to provide critically needed risk management and insurance needs to construction industry clients.

Creditors to get 90p in pound for Anglo-American run-off

One of the highest scheme payment percentages for any insolvent London Market insurance company has been announced by the joint scheme administrators of Anglo American Insurance Company, Tony McMahon and John Wardrop, partners in KPMG Insurance Solutions.

Broker Network member leaves for Folgate

The Folgate Partnership has acquired The F G Watts Partnership based in Northampton. The business is The Folgate Partnership’s thirty-fifth acquisition bringing its total premium controlled to £490m.

Smart & Cook triples unit numbers

Credit Insurance Consultants, the credit insurance arm of national broker Smart and Cook, has strengthened its market position with the acquisition of Halifax firm Credit Insurance Brokers (UK). The acquisition will almost triple staff numbers.

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