R&Q and Phoenix terminate insolvent debt joint venture

Split in two

Randall & Quilter and Phoenix Asset Management Partners have ended a joint venture deal to acquire reinsurance debt in insolvent estates.

As part of the 2014 arrangement, R&Q sold 50% of the economic interest of its existing reinsurance debt assets to Phoenix.

However, citing pricing becoming “competitive” and “less attractive than

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ABI insists fire safety scheme is temporary

Mervyn Skeet, the Association of British Insurers’ director of general insurance, has outlined how the trade body will ensure the Fire Safety Reinsurance Scheme will only last three to five years, and how it will should end criticism of brokers earning commission for arranging cover.

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