Company news

Aon u-turns on salary cuts

Aon will repay colleagues in full, plus 5% of the withheld amount, after cutting the salaries of 70% of its workforce.

Analysis: Unpacking the Ardonagh deal

Broker Network members have given a resounding shrug of indifference to the news that after four years away the network is set to return to Ardonagh’s ownership as it buys up Bravo Group.

Lancashire and Fidelis secure capital boosts

Lancashire has raised £277m through the placing of 39.6 million new shares at a price of 700p per share – a 3.6% discount on its stock price at the close of Tuesday trading, while fellow specialist insurer and reinsurer Fidelis has announced that it has…

Arch names Simon Williams as active underwriter

Arch Insurance International has appointed Simon Williams as active underwriter of Syndicate 1955 and confirmed David Slade as deputy active underwriter after the parent company’s takeover of Barbican.

Royal London to absorb Police Mutual

The Police Mutual Group will become part of life and pensions mutual Royal London, a move driven by a need to bolster its financial position, according to Police Mutual CEO John Perks.

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