CNA has let go at least 170 staff since August as the US insurer becomes the latest in the sector to roll out a wide-ranging efficiency programme, The Insurance Insider has learned.
The chief executive of Pro Global, which has agreed to sell its services company to a private equity house, said the new owner plans to invest in further growth.
AIM-listed business outsourcing and consultancy firm Pro Global Insurance plc (PLC) has sold everything but its 30 percent Asta Capital stake to a recently formed private equity house for £8.3mn.
Legacy and now-live carrier Enstar has been appointed as run-off manager for the now-defunct Gable Insurance, which was sunk by the increased capital requirements of Solvency II.
The Insider 50 was up just 0.38 percent for the week when closing bells rang at stock exchanges on either side of the Atlantic on Friday (16 December).
