Financial / Results – Page 177
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NewsRSA to focus on underwriting rather than price increases
Stephen Hester says since Zurich ended discussions to buy RSA the insurer has not received any other approaches
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NewsAXA UK puts storm bill at £80m as it reports improved profit and COR
97.1% COR bolstered by £39m of reserve releases
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NewsRSA UK underwriting profit rises threefold despite £134m storm claims bill
COR improves to 99.5% but personal motor came in at 107.8%
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Online onlyBriefing: What Google Compare’s failure tells the insurance market
Google’s failure with its price comparison service is a watershed moment and a number of insights can be drawn
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NewsAllianz reportedly puts S Korean life business up for sale
Sale could raise $500m as company concentrates on core businesses
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NewsQBE’s Pryce: Soft market driving brokers’ push for higher commissions
Brexit could prompt QBE restructure, European Operations head says
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NewsQBE Europe profit rises 34.5% despite £77.4m UK storm claims bill
COR improves by 5.2 points to 89.1% thanks to 60% jump in reserve releases
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NewsAllianz’s Dye: Osborne’s whiplash plans will cause motor ‘volatility’
Insurer shrank private motor book in 2015 because of poor profitability
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NewsAllianz UK profit falls 71% after storm claims bill
Combined operating ratio jumps to 102.6% overall and 106% in personal lines
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Online onlyAllianz 2015 performance hit by £79m UK storms claims
Rise in combined operating ratio (COR) triggered by UK and European storms
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NewsAgeas to review pricing and Flood Re strategy after storms
Insurer’s £46.1m storm claims bill is unlikely to trigger reinsurance payout
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NewsBriefing: Google buying AIG? No way, but …
Citigroup analysts have suggested that the tech giant should buy troubled insurer AIG
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NewsGoogle should buy AIG, says Citigroup
Bank says tech giant’s disruptive power could transform the insurance industry
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NewsAgeas UK 2015 profit falls 65% because of storm claims
Extreme weather claims of £46.1m push COR to 102%
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NewsABI warns Osborne against further rise in IPT
Another rise in IPT would squeeze millions of households
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NewsHenderson buys Manchester broker John Reynolds Group
Broker to merge new purchase with credit business
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AgendaHome insurance premiums rise 3.1% since IPT hike - Consumer Intel
However, premiums are considerably lower than they were in 2014
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AgendaFitch downgrades Amlin IFR to ‘A’, says outlook is ‘stable’
Ratings agency said new owner Mitsui’s own rating capped Amlin’s
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NewsAIG shares rise 5% after Icahn gets seat on board
Increase comes despite $1.8bn fourth-quarter loss
