News review: December

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A brief round-up of December's news.

The deadline for the second round of bids for Quinn Insurance passed on the 8 December with the Anglo Irish Bank still in the running. Reports in the Irish press suggested that a sale to a trade buyer was more likely amid uncertainty over the future of the state-owned bank. The bank reportedly submitted a joint bid with Liberty Mutual while Travelers, Zurich and Allianz were also thought to have an interest.

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FSCS gives first insight on increasing levy to £394m

The Financial Services Compensation Scheme has indicated its levy for 2025/26 will rise to £394m from £265m this financial year as it cited having lower surpluses to carry forward and offset bills – a factor that has benefited brokers for two years in a row.

Konsileo seals £8m fundraise

Top 100 insurance broker Konsileo has completed an £8m fundraise to accelerate its expansion across the UK, Insurance Age can reveal.

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