Financial / Results – Page 121
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News
EY: Motor insurers ‘back in the red’ by 2019
After the highs of 2017, motor rates are expected to continue falling this year and next. But there is some good news for the industry as efforts to curtail whiplash claims come into force
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Flood-prone home insurance premiums to fall in 2019
Flood Re to reduce reinsurance premiums from 1 January 2019
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Private equity group snaps up Abbey owners
The deal is expected to fund acquisitions by leading Northern Ireland personal lines broker Abbey
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News
FSCS transfers 10,700 Alpha policies to new insurer
The deal was signed on Friday to transfer 10,700 failed motor policies
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GRP broker County completes Derby-based acquisition
County chief executive Dave Clapp says the acquisition is one of a number the business is looking to complete in the next few months
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Debenhams credit insurance axed by Atradius
Atradius reduced its cover offered to Debenhams suppliers earlier this year along with other insurers
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“Look very carefully at policies” insurers warned ahead of FCA pricing review
Industry experts have warned insurers there will be “harsh external criticism” of the market following the investigation into pricing
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RSA share price plunges as UK and London market results worry investors
RSA racked up big underwriting losses in the UK and London market
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'Disappointing' - RSA sinks to underwriting losses amid marine claims hit
RSA suffers poor third quarter for UK and London market
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Covéa reaffirms commitment to UK after Swinton sale
It continues to have a UK presence through underwriting arm Covéa Insurance
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News Analysis
Ardonagh management faces challenge in reversing Swinton's fortunes
Swinton has endured declining financial performance for a number of years
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News
Ardonagh confirms £165m Swinton acquisition
The acquisition will add around £168m in turnover to the Ardonagh Group
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Ardonagh reportedly close on deal to buy Swinton
High-street broker Swinton has closed hundreds of branches over the last few years and has been looking to move to a new distribution model
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Scor boss Denis Kessler hits out as Covea takeover attempt turns ugly
Scor boss Kessler accuses shareholder of deception
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UK's top performing insurers revealed
Can Aviva hold onto it’s crown from last year? Find out which insurer was the most profitable in its half-year performance figures
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Gallagher confirms legal action against Ardonagh
Gallagher has stated the case “raises serious ethical questions about the payment of a loan by a competitor to one of our employees”
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M&A set to reshape broking landscape
GRP is leading the way on a number of deals, while Ardonagh dominates on cash value
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ERS under strategic review amid potential sale
ERS owner Aquiline is assessing how to proceed with the motor insurer