Financial / Results – Page 186
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NewsFlood Re secures £1.3bn reinsurance cover in first stage of tender
Scheme gets ‘significant support’ from market leaders Munich Re and Swiss Re
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NewsHastings operating profit rises 19% in first nine months
Company now controls 5.7% of UK private car insurance market
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NewsWillis Re study indicates fall in PPO numbers
News should bring comfort to UK motor insurers and could stabilise rising reinsurance rates
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NewsCollingwood sells majority stake to private equity firm
Gibraltar motor insurer says capital will fund UK growth plan
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NewsCheshire broker completes MBO from Cobra Group
UK & Ireland Insurance Services, bought by Cobra Group in 2008, has reverted to original name
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NewsInsure & Go could cut 100 jobs as relocation plans go ahead
The insurer has been based in Southend since 2006
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Online onlyCSC joins Capita in race for Xchanging after Apollo drops out
The technology provider has entered the race with a bid of £437m
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AgendaAnalysis: Aggregators take bigger bite of home insurance market
Almost three-quarters of customers are shopping around at renewal, figures show, and clever marketing and cuddly toy giveaways have helped aggregators make market inroads
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NewsEx-Gallagher duo’s new broker gets £2m VC funding
Albion Ventures invests in Dickson and Pearson’s Innovation Broking
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NewsZurich's GI turnaround plan 'unconvincing' says Berenberg
Bank says business needs ‘fundamental change’
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NewsEsure 9 months GWP £430.5m vs £410m
Performance boosted by rate increases and expansion in motor and home
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NewsBollington hires mid-market director from Aon
Karen Adegoke will be responsible for leading the mid-market and corporate teams at Bollington
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NewsCrawford announces further restructuring as nine month profit down
Separately the third quarter results show improved performance
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NewsS&P upgrades Ageas Insurance to 'A'
Rating reflects Standard and Poor’s confidence in the financial strength of the business
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NewsZurich UK GI unit to cut up to 440 jobs
Cuts part of programme to reduce costs by at least £40m and simplify structure
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NewsDye: Allianz motor rate hikes are ‘well ahead’ of claims inflation
UK chief executive confident that remedial action will work
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NewsBluefin hires finance operations head from Howden
Broker also names Amber Wilkinson as permanent finance chief
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NewsAllianz UK profit drops as ‘corrective action’ taken in private motor
The insurer has also increased premiums in motor ahead of claims inflation
