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Clause proposed in Criminal Justice and Courts Bill will lead to “more realistic claims being brought”.
Firm admits it is unaware of what caused the drop of just under 25p over the last week.
Departure comes less than a year after the insurer lost ahead of key accounts Chris Woolam to UK General.
Darrell Evans to be replaced by Bob Heap
Greg Ball and James Furse also land non-executive director roles.
Steven Black will move from Axa and be joined by Mike Gibbs from the Leeds office.
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