Financial / Results – Page 180
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Online onlyDigital revolution triggered office closure and job losses – L&G
Home insurer reveals plans to close flagship Kingswood site by 2018
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NewsMitsui’s £3.5bn Amlin takeover to complete on 1 February
Court hearing to sanction takeover scheme scheduled for 28 January
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NewsAA: IPT ‘piles on misery’ as motor rates jump 20.3% in Q4
Rates will continue rising through 2016, says AA Insurance director Michael Lloyd
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NewsAA: Home rates showing signs of reaching the bottom
IPT rather than flood damage caused quarter-on-quarter increases
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NewsBrokers struggle to budget with 'yo-yo effect' of FSCS levy - Steve White
White is confident is that FCA is committed to FSCS levy review
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NewsZurich expects $275m UK, Ireland storm losses
Group sees global GI operating loss of $100m in fourth quarter
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Online onlyAIG comes under fresh attack from activist investor Icahn
Billionaire investor says AIG must be carved up as soon as possible
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NewsBroker fee for running FSCS to increase by 44%
But for insurers the amount could go down by 23.6%
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NewsFlood claims not enough to halt rate cutting – Moody’s
DLG, Lloyds Bank, Aviva, RSA and AXA will be hardest hit by claims
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AgendaCornish Mutual raises record breaking funds for local charity
The firm chooses a different charity to support each year, but this year’s total far outweighs any other raised before.
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NewsMoneysupermarket insurance revenue slides 10% in fourth quarter
Aggregator chooses to maintain margins in face of effects of technology change and stronger competitor marketing
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NewsACE expects Chubb takeover to be completed today
Transaction has received all necessary regulatory clearances
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NewsRomero profits up 68.3%
Broker’s group commission and fee income also increased by 21.3% to £9.3m
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NewsHyperion could make loss for next two years on RKH costs
But chief executive David Howden says statutory accounts do not paint true picture of performance
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NewsAcquisition and finance costs push Hyperion to £81.4m loss
But underlying profit rose 31% to £56.7m in year to 30 September 2015
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NewsRSA settles €1.25m dismissal dispute with former Ireland boss
Insurer had appealed Philip Smith’s employment tribunal victory
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NewsMotor broker Right Choice buys ERS breakdown units
ERS will continue to underwrite units’ breakdown products under a long-term agreement
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AgendaAnalyis: Why brokers face higher rates for PI cover
An increase in claims is leading some insurers to withdraw professional indemnity cover to brokers
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NewsXchanging urges shareholders to accept CSC offer as deadline looms
CSC needs acceptances from 75% of shareholders by Friday
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NewsPrincipal buys Simply Insurance bike book
Simply book will add 500 more bike policies to 5,000 secured through Principal’s recent purchase of iGO4’s BikeTeam
