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H1 post-tax profits jump $10m at Skuld

Norwegian marine insurer Skuld has seen combined post-tax profits for its P&I and commercial business climb more than five-fold on a year-on-year basis.

Axa Wealth fined £1.8m over advice failures

Axa Wealth has been slapped with a £1.8m Financial Conduct Authority fine after the regulator found it failed to ensure it gave suitable investment advice to its customers.

Solvent GI firms warned about PRA stance on schemes

Professional services giant KPMG has raised concerns that a draft supervisory statement issued by the Prudential Regulatory Authority suggests that the PRA no longer considers schemes an appropriate tool for solvent insurers.

Lost digital content worth over £1bn

Britons have lost more than two billion pieces of digital media content, for example songs and apps, in the last two years, research from Sainsbury’s Bank home insurance has found.

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