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EU pushes Solvency II start to 2016

The European Union has announced a final delay to the Solvency II application date to January 2016, pushing back the legislation by two years.

350% increase in UK M&A deal values

The value of UK insurance merger and acquisition deals rose by more than 350% to €1.5bn (£1.2bn) in the first half of 2013 from €344.6m in 2012, PWC has reported.

Axa’s Carruthers to leave by 2014

Axa’s Max Carruthers, commercial lines and personal intermediary chief operating officer, is due to leave the insurer in the next two months, according to a report.

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