Financial / Results – Page 107
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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
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Online onlyDual pricing-hit Saga reveals early success in three-year fixed product
Saga is getting back on track following a profit warning amid the FCA crackdown on dual pricing
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NewsFraud 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
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AgendaAggregator 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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NewsFraudster trio sentenced for crash scheme on pregnant woman
Two siblings and their friend carried out £18k crash for cash scheme where the victim was a pregnant woman
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NewsAviva split reignites M&A prospects
Analysts talk to Insurance Times about the implications of Aviva’s decision to split its general insurance business from its life business
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NewsRob Terry seeking £14.7m as he looks to sue Watchstone
Terry and Watchstone are already in a High Court battle, but Terry says his former employer “made false representations” over an oral indemnity
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Online onlyUK motor insurance scores best underwriting result for 33 years
UK motor market records best ever underwriting year since 1985, but EY warns of anticipated losses to come in 2019 and 2020
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NewsCCTV exposes jailed fraudster in bus crash scam
The fraudster claimed to be severely injured when a bus hit his car… except he wasn’t in it
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NewsFresh war chest gives Bravo Group acquisition firepower
New funding round allows the owner of Broker Network and Compass to go on a new shopping spree
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Online onlyGefion falls below solvency requirement in latest regulatory filing
The unrated Danish insurer reported a solvency coverage ratio of just 72% in its Solvency and Financial Condition Report for 2018, forcing the executive management team to take action
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News AnalysisThe motor market will get tougher before it gets better – Covéa chief
Covéa chief executive James Reader talks to Insurance Times about the increasingly difficult motor insurance market, while announcing measures to reduce car theft through keyless technology
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NewsTravel payouts at its highest level since 2010
ABI figures show the average medical claim on travel insurance surpassed £1,300 for the first time ever, yet premiums are down
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Online onlyLoss-making Gefion to cut under-performing broker/MGA business
Unrated Danish insurer vows action amid solvency injection and underwriting loss
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AgendaAviva splits up UK and plans 1,800 job cuts by 2022
New Aviva chief executive Maurice Tulloch stamps his mark on the business by breaking up the UK GI and Life businesses and starting on a £300m efficiency drive
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NewsBMS agrees investment with private equity and pension funds
Deal values the London market broker at £500m
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NewsBroker CEO to sell majority stake in Sunderland FC
Reports suggest Stewart Donald is to sell at least 54% of shares, just over a year after taking over the League One side
