Cox facing £4.5m impact of Tribune
Cox Insurance Holdings has announced it may have an indirect exposure to the closure of Tribune Risk and Insurance Services; currently estimating an impact on pretax profits of around £4.5m.
Cox had two relationships with Tribune through its premium finance facility — Can Do Finance. The facility has 26,000 outstanding loans with Tribune customers, many of which had been taken out loansOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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