Financial / Results – Page 110
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Online only'Institutionally sexist' - Lloyd's attacked by Jeremy Corbyn's City chief
Shadow City minister is latest to condemn Lloyd’s amid ‘horrific’ reports of rampant sexism, harassment and bullying
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Online onlyScandal-hit Lloyd's woes deepen as it crashes to £1bn loss
Lloyd’s of London suffers another massive blow as catastrophes spark a huge loss
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NewsGallagher vs Ardonagh: David Ross attacks Gallagher for “morally bankrupt” loan offer
Ardonagh chief executive David Ross told the court yesterday that what led to a struggling employee taking a £625,000 loan from Ardonagh’s owners was a problem of Gallagher’s own making
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Online only'The best people will leave' - ex-JLT boss worrying view on Marsh deal
Former JLT commercial director James Twining has given a worrying and bleak assessment of Marsh’s takeover of JLT. Twining warns that JLT’s swagger and culture of independence will likely phase out and the ’best people will surely leave, as they always do.’ Marsh’s regulatory approval for the takeover is impending. ...
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NewsEXCLUSIVE: Zurich 'temporarily withdraws' from direct home insurance market
The move is part of “an ongoing review of strategy” following the sale of specialist student insurance broker Endsleigh in January 2018
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NewsMarsh parent issues more senior notes to fund JLT deal
The acquisition of JLT is due to be completed in spring this year
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NewsLV= GI looks for more partnerships as PL broker business grows by a fifth
LV= GI chief executive Steve Treloar praises “strong performance” in a transitional year, while teasing further investment moving forward
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Online only'High leverage' Hyperion debt passes through £1bn barrier
Hyperion’s debt has passed through the £1bn barrier, with Moody’s listing a number of issues the insurance group faces. Hyperion’s growing debt is now £1.142bn, as the latest tranche of debt, a £100m loan, was added. Moody’s estimates the debt to earnings ratio is around 6.6x. Moody’s highlighted ”its ...
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NewsLV= to vote on changed company status as pre-tax profit falls by 84%
LV= says it will also complete the transaction of personal lines business from Allianz in May
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NewsFraudulent claims increase by 27% in 2018
According to Cifas, household and motor claims saw the largest increases
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NewsSedgwick sees increased cyber activity as it announces fraud savings
Sedgwick saved a total of £47m when dealing with its clients’ claims last year
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NewsTrailblazer RSA tackles dual pricing with cashback rewards
RSA will be the first insurer to offer a cashback scheme for loyal customers at renewal
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NewsCavity Wall Insulation: Not the new PPI, but deserving of special attention by insurers
A new wave of potential fraud has reared its ugly head, but is it as bad as first feared?
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AgendaMarsh owners issue further €1.1bn notes offering to acquire JLT
The notes offering is in addition to a $5bn notes issuance announced in January
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FeaturesCase study: Insuring and repairing a 17th Century house after near-total devastation
Cholderton House was built shortly after the Great Fire of London, but tragedy struck in 2012. With the help of Ecclesiastical, the Wessex manor house has returned to its former glory
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AgendaGallagher vs Ardonagh: Chilton’s Capsicum Re ‘conflict of interest’ influenced broker’s exit, court hears
The court heard on day three from the defence the reasons why staff said they wanted to leave Gallagher
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NewsAJ Gallagher accuses David Ross of ‘seeking revenge’ during poaching trial
Yesterday saw the first day of the trial where Arthur J Gallagher accuses Ardonagh of tactically poaching four employees
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NewsAXA puts 106 jobs at risk with two new SME trading centres
The new centres in Ipswich and Bolton are part of AXA’s ongoing transformation programme
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NewsHow to be a success in personal lines broking
If insurers are struggling in the aggregator price-led market, it’s even harder for intermediaries. But there are ways that brokers can succeed despite the challenges
