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Another successful year for Fedhealth

26 June 2014

Addressing members yesterday at the 78th AGM of Fedhealth, Fedhealth Chairman Phil Hemus said that despite continuing South African economic challenges for all schemes, Fedhealth has continued to make progress.

French Credit Insurer Coface launches $1-Billion IPO

24 June 2014

The french credit insurer Coface has launched an initial public offering (IPO) worth up to 895-million euros ($1,2-billion). Coface is fully owned by French investment bank Natixis, who will be reducing its share in Coface.

Auto & General Insurance awarded an –AA credit rating

19 June 2014

International credit rating agency, Global Credit Ratings (GCR), has awarded Auto & General Insurance with a claims paying ability rating of AA-. The rating signifies a very high claims paying ability, with strong protection factors.

Marsh to acquire majority stake in Panama-based broker Semusa

19 June 2014

Marsh, a global leader in insurance broking and risk management, today announced that it has reached a definitive agreement to acquire a majority stake in Semusa, a leading insurance broker and advisor in Panama and Marsh’s long-standing local correspondent broker. Terms of the transaction were not disclosed.

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The strongest deterrent against FSP compliance missteps is or should be:

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A criminal conviction Debarment Fine or penalty Any of the above can work

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