Tesco Bank

Fortis UK profit down £47m

Fortis reports non-life profit before tax and interest of £29m, down from £76m in 2008, with CEO Barry Smith attributing reduced profit to “challenging market conditions.”

Pick of the week

Post reporter Leigh Jackson outlines some of the major stories from this week's issue of Post Magazine.

Commercial aggregators: Moving targets

Aggregators have gradually exerted a stranglehold on personal lines insurance distribution that only the most powerful marketing budgets can now compete with. Ralph Savage investigates the potential for aggregators to shift their gaze towards commercial…

Pick of the week

Comparison Consortium loses two key members; Legal and General to re-enter motor market; Aviva’s John Kitson will never return to financial services; Clampdown on IPT proves costly for some insurers; Apil withdraws from mediation of fixed costs

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