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The medical professional liability firm is targeting further healthcare opportunities. -
Claims were concentrated in the US, with a significant increase in D&O class actions.
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The medical liability carrier said the deal marks a strategic shift.
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Questions remain over regulatory touch, capital requirements and tax benefits
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Airmic has been lobbying the government to introduce a captives framework for years.
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The strategy is a 10-year plan to drive growth in UK financial services.
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Continued Apax and Carlyle support will give PIB time to differentiate its business.
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The PRA will also have to report on turnaround time for new approvals against 10-day and six-week targets.
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The government is consulting on reforms to the existing regulations.
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The outcome of the consultation includes a detailed timetable for delivery.
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A second syndicate is being explored for “big and bold” new lines
