Financial / Results – Page 137
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NewsQBE to seek “opportunities” in post-Ogden motor market
Pryce confirms QBE’s internal Ogden rate assumption is set to 0.25%
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NewsHigh Street chain looks for “solvent sale” after losing trade credit insurance
Technology retail chain looking for a buyer after trade credit insurance withdrawn
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Online onlyZurich to cover 8,000 policies as CBL Corp goes into voluntary administration
Zurich to help policyholders of collapsed insurer CBL Insurance Europe
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NewsBerkshire Hathaway feels impact of higher AIG claims
Higher than expected claims from AIG impacted a reinsurance deal with Warren Buffett’s Berkshire Hathaway
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NewsQBE posts record loss; sells unit to Zurich
Catastrophe losses push QBE into record losses, as it sells Latin American business to Zurich
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NewsHiscox profits hit by nat cats
Hiscox reported a slump in profits after an ‘historic’ year of catastrophes
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Online onlyOnly RSA takeover will get full sale value for shareholders - Berenberg
RSA has been told only a full sale will get best value for shareholders and selling bits of the business is not now beneficial. Berenberg said today: ”The pension liability and loss of diversification benefits in its capital model mean disposing of any remaining operations is unlikely to be ...
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NewsHurricanes, cyclones batter Swiss Re profits
The (re)insurer was hit hard by large cat losses in 2017
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News“Over £266bn worth of uninsured household possessions in the UK”- ABI
A quarter of households in the UK do not have contents insurance, leaving over £266bn worth of items at risk
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NewsMoneysupermarket boosted by strong insurance
Price comparison site points to positive market conditions
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NewsRSA UK hit by household claims
RSA reported UK underwriting losses for 2017, hit by hurricanes and escape of water claims
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NewsAgeas UK sees motor profit in 2018
Ageas UK chief executive Andy Watson says he’s prioritised margin over volume
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NewsAA forecasts fall in profit in FY2019
The breakdown and insurance group said higher investment will hinder profit growth in the short term
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NewsOgden rate 'has cost Allianz UK £80m' – Dye
Last year’s cut in the personal injury discount rate has cost Allianz UK dear, according to chief executive Jon Dye
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NewsAllianz UK boosts profits, improves ratios
Allianz UK operations would have performed substantially better without the Ogden rate cut
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NewsAxa's £31m lawsuit pits Genworth and Santander against each other
Divisive lawsuit sees accused Genworth look to turn the tables on Santander
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NewsCrisis-hit CBL Insurance Europe to lose major airline as customer
Ryanair looking to drop CBL Insurance Europe amid company problems
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NewsInsurer with UK and Irish brokers/MGAs ordered to stop writing new business
CBL Europe ordered to stop writing new business by Irish Central Bank
