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UK floods reach over £500m for insured losses

Initial estimates by Risk Management Solutions (RMS), the provider of products and services for catastrophe risk management, suggest that insured losses from this week’s floods could exceed £500m.

Willis acquires online SME broker

Willis Group Holdings (NYSE:WSH), the global insurance broker, has acquired Chicago-based InsuranceNoodle, an internet distributor of U.S. small business insurance.

Survey reveals concerns about MiFID requirements

The ‘best execution’ clause of the European Union Markets in Financial Instruments Directive (MiFID) is causing high concern across the whole spectrum of financial services firms, according to a survey conducted by Complinet.

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