Financial / Results – Page 102
-
NewsHastings’ CFO seeks ‘balance’ on premiums and costly claims inflation
It follows the release of the insurers H1 results this morning that saw shares plummet amid claims inflation but GWP was up 3%
-
NewsHastings shares plunge as claims inflation hits profits
Ogden rate change added to company’s poor results
-
NewsZurich UK CEO focuses on ‘continued acceleration’ after profits soar
Zurich UK GI posts operating profit increase of 144%, with Tulsi Naidu seeing “3 years of hard work paying off”
-
AgendaDigital integration costs drag on Aviva’s UK GI result
COR deteriorates slightly for UK GI as it starts to act out efficiency drives directed by group chief executive Maurice Tulloch
-
AgendaEthos MD Richard Tuplin – consolidator competition driving up broker acquisition prices
Tuplin says that while Ethos don’t always match the prices paid by other firms, it is the wider proposition that wins brokers over
-
NewsAgeas ‘closely monitoring’ motor after large losses drag on performance
Ageas half-yearly profits would have fallen but for a boost from the Ogden rate change
-
NewsFraudster sentenced after lying about losing partner’s engagement ring
The fraudster was caught sending a text to a friend, admitting his plan to exploit the insurer
-
AgendaOgden boosts Ageas to 70% profit increase
Ageas one of the few insurers to benefit from the Ogden rate change after holding firm on reserving estimates
-
NewsOgden hits LV= but operating profit is up by half
£13m Ogden rate hit puts underwriting profit lower than last year but Steve Treloar hails six months of solid growth elsewhere
-
NewsHiscox bosses reveal where rates are rising in retail and London market businesses
Hiscox chief executive Bronek Masojada says the Lloyd’s market is in a better position than it has been for some time after rate rises
-
FeaturesJailed claims handler defrauded employer for £390k to fund cocaine addiction
The handler has been jailed for two years and worked for a major insurer at its complex claims offices in Fenchurch Street
-
NewsERS slips to unprofitable COR as it reshuffles exec team
ERS blames Ogden as combined operating ratio slips to over 100%
-
AgendaAllianz brings on 167 new broker clients in LV= merger as personal lines completes transition
The insurer announced a slight dip in commercial profitability, but attributed that to the LV= transition and outlined the plan for L&G
-
Agenda‘Last minute issues’ throw Alpha replacement cover deal for 30,000 customers into doubt
Insurer had in principle agreed to cover customers previously insured by collapsed carrier Alpha, but has now raised last minute issues
-
News‘Prolific’ ghost broker sentenced for 18 counts of fraud
A number of policies that had been incepted between January and October of 2016 were found to all be connected
-
NewsPolice officer deemed fundamentally dishonest in holiday sickness fraud
The Nottinghamshire police officer claimed to have contracted food poisoning, but the evidence exposed flaws in her claim
-
NewsAXA grows UK business amid increased P&C focus
The UK & Ireland saw gross revenues of £2.6bn for the first half of 2019
-
AgendaEgan sees ‘early shades of growth’ at RSA as new regional broker business shoots up
After a period of shrinking UK premium to restore profitability, chief executive Scott Egan sees signs of green shoots in the broker channel
-
AgendaRSA returns UK personal lines to profit at expense of premium
RSA takes a disciplined approach to personal lines pricing, resulting in a return to underwriting profit
-
NewsDirect Line reveals Ogden hit as profits fall 10.2%
Direct Line reveals how much money the group lost through the resetting of the Ogden rate to -0.25%
