Lloyd’s Market Association Appoints Curtis as Director of Finance and Risk

Ken Curtis has been appointed as director of finance and risk for the London-based Lloyd’s Market Association, which represents the interests of the Lloyd’s underwriting community. He formerly was group chief financial officer of Chaucer Holdings plc and managing director … Continue reading


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Insurers at Risk of Declining Customer Loyalty, Tech-Savvy Firms: Accenture

Insurers are not keeping up with rising customer expectations and will need to offer more innovative products and ally with some nontraditional partners to catch up and to keep more digital-savvy firms from stealing their business, a report from consulting … Continue reading


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Uber Driver Case Tests ‘Sharing Economy’ Business Model

The most serious challenge to Uber Technologies Inc.’s “Be your own Boss” business model might also present an early test to the wider sharing economy as well as undermine its own $50 billion valuation. The immediate battle comes Thursday in … Continue reading


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AIG Insurance Results Down in Q2

American International Group Inc. (AIG) today reported net income of $1.8 billion for the quarter ended June 30, 2015, compared to $3.1 billion, for the second quarter of 2014. Compared to the prior-year quarter, second quarter 2015 net income declined … Continue reading


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Lawyers Keep Lawyering On After JPMorgan’s $1.5 Billion Bungle

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UK to extend Tornado strikes in Iraq

The RAF Tornado mission against Islamic State militants in Iraq is to be extended by an extra year, Defence Secretary Michael Fallon has said. The jets – due to be disbanded last March – are to be kept in service … Continue reading


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Cilla died after stroke says coroner

Cilla Black had a dual career as a pop star and TV host for shows including Blind Date … Continue Reading »


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Treasury sells RBS stake at £1bn loss

The government has begun its sell-off of shares in part-nationalised lender Royal Bank of Scotland, raising £2.1bn, a third below the price it paid. It sold a 5.4% stake at 330p a share, a 7.6p discount on Monday’s closing price. … Continue reading


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Heath investigated by three forces

The former prime minister died in 2005 … Continue Reading »


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U.S. DoJ probes Deutsche trades worth billions -source

(Reuters) – The U.S. Department of Justice is investigating trades worth billions of dollars that Deutsche Bank AG made on behalf of Russian clients, a person familiar with the situation told Reuters on Tuesday. U.S. DoJ officials have demanded information … Continue reading


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Freddie Mac posts $4.2B profit in 2Q; paying $3.9B dividend

WASHINGTON (AP) — Mortgage giant Freddie Mac reported net income of $4.2 billion for the second quarter, up sharply from the same period of 2014, as it increased its purchases of home loans and sold off greater volumes of riskier … Continue reading


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Strategist makes a case for 20% stock drop risk

When the Federal Reserve hikes interest rates for the first time since 2006, stocks could suffer a major decline-not because of the move itself but what it signals, market watcher Komal Sri-Kumar said Tuesday. “You’ve gone up a lot thanks … Continue reading


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