Financial / Results – Page 104
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AgendaRevealed: 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
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AgendaRevealed: 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
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Online onlyUK brokers report uptick in profit margins
UK brokers still lagging behind their European counterparts when it comes to profitability
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NewsNorwegian 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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AgendaBrokers scramble for new premium financing amid Gefion crisis
Premium finance providers cautiously accepting new Gefion policies as brokers seek replacement Premium Credit deals
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AgendaBollington 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
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Online onlyBrexit blamed for Markerstudy-Co-op deal delay
Markerstudy paid £185m for its underwriting business, CIS General Insurance in February last year
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AgendaGefion 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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AgendaChubb to stop writing coal-related policies
Climate change given as the reason Chubb will no longer underwrite the construction and operation of new coal-powered plants
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AgendaGefion solvency ratio sinks to 105% as regulator inspection bites Danish carrier
Danish regulator orders recalculation of solvency ratio as part of ongoing inspection into the unrated insurer
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Online onlyInsurer 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%
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NewsRevealed: Unrated collapses spark explosion of compensation claims
The Financial Services Compensation Scheme announced the figure, which is 14 times higher than the year before, resulting from collapses of unrated companies such as Alpha and LAMP
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AgendaFSCS begins compensating LAMP policyholders
Owner of MGA with affected policyholders said he was pleased with the speed at which customers had been paid
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AgendaBroker wins help Acturis to improved results
It’s annual results revealed a record number of new broker and insurer users
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NewsShamed company director banned from running his business after fraud
The shamed businessman has been declared bankrupt after submitting false insurance claims
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NewsTokio Marine Kiln Insurance - what happened? Brokers give their verdict
Filings suggest Tokio Marine Kiln Insurance had been struggling for some time
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NewsCapacity crunch fuelling MGA struggles
Lloyd’s bad business clampdown has had a knock-on effect for some MGAs
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NewsGRP acquisition train rolls on with ‘marquee signing’ for County
GRP-owned broker adds another regional string to its bow, bringing in 27 new staff
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AgendaCompetition watchdog urges brokers and insurers to increase the pace of tackling dual pricing
CMA update on dual pricing recommendations finds businesses have not yet done enough to treat loyal customers fairly
