Financial / Results – Page 153
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Online onlyDiscount rate change slashes Direct Line bonuses
Premium content: Direct Line bonuses reduced after discount rate change hits profits
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NewsAviva top team bonuses increase as insurer hits targets
Premium content: Insurer’s digital strategy key to Aviva top team bonuses
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NewsAggregator costs eat into AA broking profit
New in-house underwriter performs ‘ahead of expectations’ as AA broking profit falls
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Online onlyPay boosts for Gallagher top team as targets hit
Premium content: Tom Gallagher gets biggest pay rise of Gallagher top team
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Online onlyNew focus for Towergate’s Mark Mugge as deputy CFO named
Premium content: Mark Mugge gets additional support following internal promotion
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Online onlyNo golden handshake for Admiral’s Henry Engelhardt
Premium content: Henry Engelhardt replacement David Stevens gets 2016 pay rise
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Online onlyStephen Hester pay rockets as RSA beats targets
Premium content: Bigger bonus and incentive payments boost Stephen Hester pay
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Online onlyCFC top team to boost stakes as part of PE deal
Premium content: PE deal allows CFC top team to increase their ownership of specialist MGA
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FeaturesBriefing: Why Simply Business sold for more than any other broker
Premium content: The price Simply Business sold for surprised the market but its model provides big opportunities for Travelers’ SME plans
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Online onlyMPs pile pressure on Liz Truss over discount rate change
Premium content: Lord Chancellor Liz Truss admits reform is needed as MP criticises discount rate cut
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Online onlyInsurance staff share £35.6m Argenta windfall as Hannover Re buys firm
Premium Content: Employee trust reaps Argenta windfall of 142.5m
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NewsEcclesiastical UK profit more than doubles
Discount rate cut has ‘minimal impact’ on Ecclesiastical UK profit
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NewsLV= has discussed merger and GI unit sale
LV= has discussed merger amid tough trading conditions, report said
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NewsBGL Group makes large loss after series of one-off hits
Premium content: Losses on unit sales push BGL Group into loss
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NewsSimply Business snapped up by US insurance giant
US insurance giant plots US microbusiness expansion with acquisition of Simply Business
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NewsAnalysis: Willis plays catch-up as rivals weather storm
Willis plays catch-up with its retail broking unit posting flat organic growth while rivals produced growth of 3% and above
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NewsEsure profit jumps but home unit makes loss
Discount rate change only had small impact on Esure profit
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NewsNovae profit halved after discount rate hit
Underwriting performance deteriorated as Novae profit halved
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NewsAnalysis: Discount rate cut will cost insurers billions
Industry reels from discount rate cut, pins hopes on upward revision later this year
