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Pritchard completes managing agency MBO

Lloyd's underwriter Mike Pritchard has completed a management buyout of Ensign Managing Agency and with it the right to manage M.S.F Pritchard Syndicate 318. The company has been renamed Beaufort Underwriting Agency.

ERAC taken off CreditWatch

Standard & Poor’s (S&P) has taken Employers Reassurance Corporation (ERAC) off CreditWatch and affirmed its ‘A+’ financial strength rating. However, it added that the outlook was negative.

Ecclesiastical to continue cutting lines, predicts S&P

Rating agency Standard & Poor's today said that it expected Ecclesiastical Insurance to continue to “refine” its business profile and cut non core business lines. The prediction came as it affirmed the insurer’s 'BBB+' long-term counterparty credit and…

Appointment at Axa

Axa has made three senior appointments within its commercial senior management team. Chris Brown has...

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