Financial / Results – Page 123
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NewsAIG Europe refuses bank robbery payout due to US-Syria sanctions
Jordan Insurance lawsuit demands over £400,000 from AIG on a reinsurance policy, following a £7m Damascus bank robbery
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NewsPrivate equity group acquires Aspen in £2bn deal
Investment manager Apollo valued outstanding shares in Aspen at £33.13 each
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News'Unrecognisable' Ardonagh shows growth in H1
CEO David Ross says the company has worked hard to embed the structure of a group that is “unrecognisable” from last year
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NewsEcclesiastical sees strong H1 premium growth, but profits down
Insurer blames drop in investment returns
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NewsArc Legal's plea to insurers: 'Don't delay whiplash preparations'
Arc Legal issues a warning to the industry after whiplash reforms are put off until April 2020
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NewsUK private equity deals up 32 times on pre-2017 levels
There were 20 private equity deals worth an estimated £4bn in the UK last year - the busiest year post economic crisis
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NewsERS returns to profit as motor-only, broker-only strategy pays off
ERS credits turnaround on its focus on the bottom line and a four-year investment programme
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NewsRun-off Gibraltar insurer suing CBL subsidiary
Elite Insurance is suing a Luxembourg-based CBL subsidiary, seeking €14.5 million
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NewsAdmiral profit boost as it passes 4 million motor policies
Admiral posted strong first half results and set out the impact of any future Ogden change
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NewsLloyd's syndicate takes on 177,000 GAP policies from collapsed Alpha
The unnamed Lloyd’s syndicate took on the policies from Sunday
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NewsEsure 'minded to accept' £1.17bn takeover bid
Offer from US private equity firm tempts Esure’s management
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NewsSurprise changes revealed as Top 50 Brokers 2018 launches
A reshuffled top five, and six new entrants in the Top 50 Brokers 2018
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NewsManchester-based MCM is Broker Network's seventh regional acquisition
MCM Insurance was an original founding member of Broker Network and controls £22m GWP
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NewsDispute over sale of unrated Danish insurer that pulled out of UK motor brokers
New Nordic claims it acquired unrated Qudos in a “distressed state” and is seeking up to €35m in compensation from former owners Echelon
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NewsTravel insurance suffers as medical expenses cost £3.9m per week
Insurers are paying record amounts for medical treatment, with the USA and cruises proving the most costly
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NewsZurich UK GI returns to profit as SME focus offsets weather losses
Zurich UK GI benefits from underwriting discipline and a shift in business mix
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NewsRival insurers resist following Aviva’s cheaper e-trade strategy
Insurers say they doubt whether brokers would want to purchase personal lines products through an e-trade platform
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NewsWeather pushes L&G GI into H1 loss
Without the Beast from the East, L&G’s GI business would have posted strong profit growth
