Cox strongly denies insufficient reserves claim
Cox has denied that the insurer has insufficient reserves to meet its existing and future claims aft...
Cox has denied that the insurer has insufficient reserves to meet its existing and future claims after the collapse of its takeover deal with Highway Insurance.
The statement said that Cox wished to correct a number of 'material inaccuracies' contained in recent press reports.
It goes on to say: "The termination of discussions with Highway was initiated by Cox after its board concluded that a transaction would not be suitable either to Cox's net assets, or its earnings based upon the expected
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk