Barclays

Private equity firm named as ING bidder

Private equity firm Blackstone Group is teaming up with Mark Wilson, former head of AIA Group, and other investors in a bid for ING's Asian insurance business, according to Bloomberg's Businessweek.

Barclays sets aside £300m more for PPI

Barclays Bank has announced an interim statutory loss before tax of £475m (2011: £1,655m profit), including an additional provision of £300m for payment protection insurance redress.

Market moves: Insurers and consultants up the pace

As the insurance sector settles into 2012 its activity in the recruitment space has gathered momentum. Insurers had a busy week, with Markel, Mitsui Sumitomo and Royal Bank of Scotland Insurance bringing in fresh faces. Brokers, meanwhile, had another…

Equistone (Barclays) sells First Assist

Mid-market private equity firm Equistone Partners Europe - previously Barclays Private Equity - has sold after-the-event insurance provider First Assist Legal Expenses for approximately £28m to Burford Capital.

Aviva and L&G extend Barclays ties

Aviva has extended its product range offered through Barclays to include personal accident cover. Legal & General will provide critical illness insurance.

Cigna acquires First Assist for £71m

Global health services company Cigna has agreed to acquire travel and protection insurance firm First Assist Insurance Services from Barclays Private Equity.

Barclays to settle all PPI claims

Barclays are set to pay out compensation to everyone it sold payment protection insurance to and who made a complaint before 20 April, according to reports on the BBC.

FSA extends PPI complaints deadline

The Financial Services Authority has extended the timeframe for Barclays, Lloyds Banking Group and Royal Bank of Scotland to handle payment protection insurance complaints.

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