Financial / Results – Page 100
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News Analysis
Insurtech guru leaves firm to join pay-as-you go disruptor
He has also worked at Startupbootcamp as a mentor and is a legal advisor for Insurtech UK
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Tesco looks to acquire underwriter
TU was formed in 2009 to offer Tesco branded personal lines motor and household covers to the supermarket giant’s customer base
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Agenda
Cash injection beefs up struggling Gefion’s solvency
The funding will be used to strengthen Gefion’s capital base
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Briefing: Who will be the winners and losers of the FCA’s pricing crackdown?
The FCA’s research into business models has thrown up some intriguing questions
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Aggregators making TWENTY SIX times more profit margin on home versus insurers
Aggregators huge operating profit margins rising every year as insurers barely keep head above water
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News
Ethos-backed Saffron continues spending spree
Latest purchase brings total number of brokers bought by the East-Anglia-based broker to five
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News
Aggregator disruption: Customers flock to GoCompare’s auto-switching
It exceeded its previous target for full year live customer numbers
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News
Suitors line up for Aviva Asia business
Aviva admitted the Asia business was for sale last month
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Arron Banks' Eldon Insurance sees profit rocket
The broker is now focusing on artificial intelligence and machine learning as it targets further growth
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Saga insurance profits dive in ‘challenging market environment’
Broker challenged by regulatory crackdown on dual pricing and tough market conditions
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Lloyd’s posts £2.3bn profits but underwriting deteriorates
Lloyd’s boosted by strong investment performance but much work remains on underwriting
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News
CRL closes door to new business in wake of Alpha collapse
All policyholder enquiries are being directed to BCR Legal Group
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Agenda
MGAs turn to reinsurers for capacity in hardening market
Reinsurers have shown a keen appetite to partner with managing general agents in the primary market this year
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Agenda
Gallagher buys landlords insurance broking group
Brentford-based group claims to manage the insurance requirements of over 140,000 policyholders
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Agenda
Goldman Sachs completes Aston Lark deal
Initial private equity owner Bowmark Capital also reinvests in Aston Lark
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Agenda
DAS UK signs deal to cover customers of lettings disruptor
A new automated claims process has been built which will communicate with landlords
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Agenda
Investment house takes minority stake in Carrot owner
Telematics group promises investment in the development of new products and services with funds
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News
Allianz posts improved fraud savings for H1 2019
Allianz’s fraud manager, James Burge hails a “fantastic result” after bringing the application and claims fraud teams together
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‘The tide has turned’ on fraudsters as the industry reacts to the latest ABI figures
Industry appears mostly encouraged by latest fraud figures, but still see a long journey ahead, while one questioned the return on investment