Financial / Results – Page 15
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NewsFlood Re raises levy as part of changes to evolve scheme
’These adjustments are essential for ensuring the scheme’s financial resilience,’ says chief executive
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News AnalysisMike Keating: MGAs are 'part of the fabric of the industry'
The Managing General Agents Association’s (MGAA) chief executive says the organisation’s growing membership is increasing its broker driven business
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NewsMotor insurers hope for claims costs relief at upcoming law review
’It is to be hoped that the many levels of prudence baked into the last review are addressed as part of this review,’ says president
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NewsJLR announces new Range Rover insurance initiative
JLR started offering clients bespoke insurance last year due to challenges owners may have with rising premiums
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NewsDLG optimistic about strategy as GWP jumps in Q1 2024
’We have seen a positive start to 2024 trading,’ says chief executive
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NewsMGA secures two new capacity partners
Chief executive says he ’looks forward to continuing on our growth journey with the support of our high-quality capacity partners’
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NewsHigh Five: Catch up on the biggest stories this week
Insurance Times rounds up the biggest stories from this week
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NewsInsurtech funding plummets in Q1 2024
’With activity up but average deal size down, investors are becoming more democratic in their funding allocations,’ says global head of insurtech
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News£2.9m currently spent on gardens ending up in ditch due to flooding
’The research clearly shows there is a job to be done to educate people about their flood risk,’ says chief executive
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NewsSony unit backs Urban Jungle as it raises £11.2m
’This funding is a testament to the hard work of the team,’ says chief executive
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NewsHugHub enters administration following funding problems
’In the absence of any further investment, the board of directors formed the view that the company was or was about to become insolvent,’ says filing
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NewsFrench embedded insurer gets FCA approval for UK operations
’We’re delighted to have successfully navigated the stringent FCA and PRA processes,’ says group chief executive
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NewsAxa signs new deal with Premier League football club
’This marks a continuation of our proud and enduring story,’ says global brand director
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NewsMGAA announces new member
Its ’products help brokers better protect their trade customers with insurance that is fit for purpose’, says association
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NewsMarsh expands cyber facility to provide more excess insurance capacity
’Organisations are seeking the broadest coverage options beyond what is available in the open market,’ says leader
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NewsBeazley grows IWP by 7% in Q1 2024
The growth came despite a reduction in cyber risks IWP compared to last year
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NewsSupreme Court mixed injuries ruling opens way to dispute resolution adoption
’In three to five years, dispute resolution will be the norm for settling these types of claims,’ says commercial director
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NewsMotor premiums stabilise – but cost to insurers mounts
’These figures show how competitive the motor market is,’ says director
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NewsGallagher UK and Ireland posts 6% organic growth for Q1 2024
’The teams in specialty all have good momentum, with strong retention and an encouraging pipeline of new business especially in marine and energy,’ says UK chief executive
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NewsPeppercornAI raises more than £3m to develop AI platform
’Technology, specifically AI, has the potential to completely change the way consumers buy and manage their insurance policies,’ says chief executive
