Financial Analysis

failed Enterprise

Revealed: The hundreds of millions at stake as Gefion deals with multiple blows

As Gefion handles its solvency ratio getting reduced to 86%, Insurance Times analyses its UK market exposure

Gallagher

Revealed: The vast sums property agents can earn through Gallagher-owned firm’s captive set-ups

An Insurance Times investigation finds property agents are turning to captive set-ups to make large profits on underwriting, while disclosing smaller commissions

Dlg profit

UK brokers report uptick in profit margins

UK brokers still lagging behind their European counterparts when it comes to profitability

Taxi_getty

Brokers scramble for new premium financing amid Gefion crisis

Premium finance providers cautiously accepting new Gefion policies as brokers seek replacement Premium Credit deals

Gibraltar insurer

Insurer CEO pay slides despite continued profits

Average total remuneration falls by almost a third, but basic pay still on the up as pre-tax profits grow by 5%

lloyds building

Tokio Marine Kiln Insurance - what happened? Brokers give their verdict

Filings suggest Tokio Marine Kiln Insurance had been struggling for some time

Lemon squeeze

Capacity crunch fuelling MGA struggles

Lloyd’s bad business clampdown has had a knock-on effect for some MGAs

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Fraud Charter: ‘Help us stamp out bad CMCs’ – FCA’s plea to the industry

Frustrations peaked at the Insurance Times Fraud Charter last month over lack of communication from the Motor Insurers’ Bureau over the Litigants in Person portal, while the FCA updated the room about claims management company regulation

rules

Aggregator regulation and company scorecards - more dual pricing crackdown details revealed

Business secretary Greg Clark has revealed details of the government’s full plans to tackle the loyalty penalty in a letter to the CMA

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Financial News

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Norwegian insurer set to lose £6.9m over Grenfell ruling

Protector Forsikring loses case that Munich Re should pick up most of Grenfell cost through reinsurance programme

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Bollington reassures brokers of Gefion plan amid Premium Credit axe

Gefion has 45 days to restore its solvency ratio or faces losing Premium Credit as a finance provider on its policies

Mergers

Brexit blamed for Markerstudy-Co-op deal delay

Markerstudy paid £185m for its underwriting business, CIS General Insurance in February last year

Danish flag

Gefion bombshell as major premium finance provider pulls out

Leading premium finance provider announces it will no longer finance policies where Gefion is the underlying carrier

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