US private equity house JC Flowers has bought the insurance broking arm of Belgium's KBC Group - Fidea - as the bank off-loads assets to repay €7 billion (£6.1 billion) in bailout funds... more
Comment: JC Flowers, the US private equity house run by Chris Flowers, is set to unveil a £50m deal to take over the Kent Reliance Building Society - even though he doesn't seem the type... more
Trevor Matthews unleashed a flood of red ink in his first full-year results as chief executive of Friends Provident, but insisted the insurer is turning around... more
Would you buy a used life policy, or even a new one, from this lot? The mugs at the top of our life assurance companies appear to have hardly a clue what they're doing... more
The Mayor of Tower Hamlets defeated Labour to be elected. Livingstone not only backed him but some of Ken's key players are now at the heart of running the council. Stephen Robinson reports
Morning:
10°c
