Financial / Results – Page 118
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News
Insurer share prices shaken amid Brexit cabinet resignations
Aviva, Direct Line and RSA have all been affected by the resignations
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Reserve releases boosts Ageas UK into underwriting profits
Ageas UK profits up amid major reserves boost in solid set of results
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LMA finance committee hires new chairman
Mark Allen was previously the non-executive director at Simply Business
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CBL Insurance had massive insolvency breaches since 2013, court hears
CBL’s solvency laid bare by bank
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Allianz promises fair pricing on taking control of LV next year
Allianz will assume responsibility for ensuring LV=’s personal lines customers get a fair price when it takes full control of the company next year
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Sedgwick expands reach with Irish acquisition
The move strengthens Sedgwick’s geographical coverage across the western seaboard of Ireland
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Agenda
Allianz Q3 results reveal soaring profit as LV= broker transfers continue
Allianz has begun taking on LV= commercial lines business in a process that will take another 10 months to complete
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News
Group jailed for £1m fraud targeting 14 insurers
Five men given jail sentences after scamming insurers out of almost £1m in commercial property claims
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Beazley exits key business line as results reveal double digit growth
Beazley made the announcement alongside reporting its Q3 results
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UK decline drags on growth at Amanda Blanc's Zurich unit
Amanda Blanc’s EMEA unit remains flat on premiums, with UK and Germany a drag
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Shareholders overwhelmingly approve Marsh-JLT deal
Approval from JLT shareholders is an “important milestone” towards completing the industry-shaking acquisition
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Banks' Brexit campaign and insurance firm facing £135,000 fine
Leave.EU confirmed the fine after part of an ICO report was leaked
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RSA facing $400,000 marine lawsuit over ship explosion
The vessel owned by K J Shipping was carrying 6,000 tonnes of logs to India
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News
NIG premiums down amid exit from several larger risks
Direct Line says NIG had to remain on track with targets
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News
Direct Line results holds steady in tough home and motor conditions
Direct Line avoids profit warning like peers and posts steady third quarter results
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Markerstudy reportedly “front-runner” in £300m Co-op deal
Talks for Markerstudy to buy Co-op’s insurance business are reported to be at an advanced stage
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Hiscox joins Hastings in home insurance slowdown
Hiscox takes strong action amid challenging market conditions
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News
High street retailer loses two credit insurers after profit blow
Euler Hermes and Nexus reportedly withdraws cover from Footasylum after the high street retailer post poor financial results
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News
ComparetheMarket accused of breaking competition law
Clauses in the price comparison site’s contracts were found by the CMA to prevent insurers offering better prices to customers on rival sites