Financial / Results – Page 10
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![red briefcase budget UK#]](https://d17mj6xr9uykrr.cloudfront.net/Pictures/100x67/2/3/4/111234_redbriefcasebudgetuk_194475.jpg)
NewsBiba calls on government to cut IPT rate in Autumn Budget
’The government has the opportunity to make some specific interventions to help ease the financial burden on customers and help with the issues that we are seeing,’ says chief executive
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NewsCommercial insurer expands coverage as it inks deal with distributor
The move comes as the insurer looks to broaden its focus
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NewsAxa employees to be offered shares as 2024 scheme launched
’Our employees have the opportunity to become shareholders in the company under privileged conditions,’ says chief executive
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NewsLloyd’s reports ‘best interim result since 2007’ for 2024’s H1 with COR of 83.7%
Chief executive attributes balance sheet growth to ‘disciplined underwriting, smart organic growth and real strength in the Lloyd’s balance sheet’
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News AnalysisBriefing: Affordability debate continues as risk, reinsurance and politics collide
The Labour party already has motor insurance premiums in its sight – but how long until home insurance starts to face the same level of scrutiny?
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NewsIS2 reports 40% revenue growth in six months to June 2024
’The last 18 months have exceeded all expectations,’ says managing director
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NewsDLG returns to profitability but in-force policies drop
’The actions we have taken are beginning to make a difference but there is more to do,’ says chief executive
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NewsHiscox’s London market arm targets ‘underwriting discipline’ to ‘grow profitably’ amid ‘microcycles’
Insurer’s chief underwriting officer expects second half growth for this area of the business after experiencing insurance contract written premium dip in 2024’s H1
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NewsP&C reinsurers saw strong earnings in H1 2024 – Morningstar DBRS
The ratings agency has maintained its positive outlook on the global P&C reinsurance sector “despite high natural catastrophe losses and likely lower interest rates globally”
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NewsUK pet insurance policies reached record numbers in 2023 – ABI
’It’s encouraging to see record numbers of pet owners all over the UK take out insurance to help cover the cost of veterinary treatment,’ says senior policy advisor for general insurance
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NewsAgeas UK posts 49% growth for H1 2024 as parent announces shareholder dividend
’We will be distributing an interim gross cash dividend of £1.26 (€1.50) to our shareholders,’ says Ageas chief executive
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NewsDLG makes change to solvency capital ratio after miscalculation
’The group has taken action to strengthen the control environment in relation to the specific area where the miscalculation occurred,’ says insurer
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NewsGovernment IPT revenues exceed £3bn for first four months of 2024/25 financial year
However, ’a reduction in IPT is unlikely at the Autumn budget,’ says head of insurance consulting
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NewsFCA warns of potential Gap action repeat in other markets after fair value review
’We’ll continue to take action where we see poor value,’ says director
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News Analysis‘Calmer waters’ for reinsurance in 2024 signals innovation opportunity
However, no new startups appear to be taking advantage of ‘gradual softening’ market conditions and some reinsurers are described by primary firms as ‘opportunistic’ in their bid for growth
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IT InterviewNeill Johnstone: Lorega to continue investment in system capabilities
Neill Johnstone, managing director at Lorega, explains what brokers can expect from the MGA in the coming year and outlines key trends impacting the MGA market
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News AnalysisTechTalk: Crypto stock market crash could burst AI bubble for insurtechs
’The downturn in the crypto markets signals a period of heightened caution and strategic reassessment’, says chief operating officer
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NewsMGA announces new multiyear capacity agreement
’Securing additional capacity like this gives us the headroom and certainty we need to expand further into new lines,’ says chief executive
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NewsAviva will ‘focus on long-term, consistent, stable pricing’ rather than ‘chase short-term blips’
Despite acknowledging that home insurance needs ‘more rate’, insurer’s UKGI boss plans to ‘maintain pricing discipline’ and avoid reacting to ‘short-term choppiness’ in rate movements
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NewsStock market crash creates ‘ripple effect’ for insurtechs
’This market turbulence can be particularly challenging for fintech and insurtechs,’ says chief operating officer
