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Iress has agreed to sell its UK mortgage business to Bain Capital for £85mn ($A164.3mn). Iress’ mortgages business provides mortgage sales and origination software (MSO) and associated consulting services to banks and building societies in the UK.Iress bought the mortgages business more than 10 years ago, during which time the company said it had "become a leading provider of mortgage origination software in the UK".This sale is expected to complete in mid-2024 and is subject to approval.The proceeds from the transaction are set to repay debt, which stood at $320mn net in December of...

The Association of British Insurers has set out its ambition to make the insurance industry the "most diverse and inclusive sector of the UK economy",Speaking at the ABI's Diversity, Equity and Inclusion Summit in London yesterday (October 10), Hannah Gurga, director general of the organisation said the ABI recognised the work many member companies had done, but said the industry "needed to do more to build a diverse sector".She said: "We want 2024 to be a year of action. We want to accelerate activity and to broaden perspectives. "DE&I is not a...