Financial / Results – Page 4
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NewsMGA expands combined liability coverage to include contractors
’It makes sense to broaden our horizons and to complement our core engineering products,’ says underwriter
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NewsAcorn Group grows GWP by 41% in 2024 as COR remains below 90%
’We’ve seen strong growth across all key lines, driven by smart underwriting, advanced pricing and a deep understanding of our customers’ needs,’ says chief executive
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NewsAventum-owned MGA secures five-year capacity deal with Allianz
’I strongly believe that the strengths of our organisations complement each other and will benefit both parties greatly,’ says chief executive
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NewsDeal-linked Esure posts profit of £57.7m for 2024
’We have strengthened the business with a focus on optimising customer experience on our new platform and expanding our product offering,’ says chief executive
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NewsMGA secures Hiscox capacity for non-standard household products
’The addition of its A-rated capacity and expertise allows us to provide brokers with robust cover options for their clients,’ says managing director
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News AnalysisIn Focus: Was Gap insurance ‘unfairly targeted’ by the FCA?
’The way [the FCA has] gone about it, closing down an entire market, is unheard of,’ says managing director
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NewsLV= announces £29m in member bonuses following 2024 result
’As a mutual, members come first,’ says chief executive
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NewsArdonagh posts 24% increase in income for 2024
Last year ’was a coming of age for Ardonagh,’ says group chief executive
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News AnalysisBroker schemes data shows overarching commission growth stutter
‘The latest set of data presents a mixed bag,’ says SchemeServe chief executive
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NewsMotor market currently ‘at about the softest point in the cycle’ – Geoff Carter
‘Our view is that the market is substantially underpriced on new business at the moment – the pendulum has swung too far,’ says chief executive
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NewsMotorists see biggest annual fall in car insurance premiums since 2014
The trend has been largely driven by ‘easing claims inflation and frequency’
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NewsEcclesiastical boosts underwriting profit in 2024 due to ‘low year for claims’
’We intend to keep up the momentum in 2025, delivering brilliant service, driving sales growth and continuing to invest in our capabilities,’ says chief executive
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NewsAventum-owned MGA secures new capacity as it continues to grow portfolio
’The agreement further strengthens our ability to offer clients comprehensive, world-class coverage,’ says underwriter
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NewsMS Amlin posts underwriting profit growth in full-year financial results
‘This performance reflects the fact that MS Amlin is able to deliver strong results, year after year,’ says chief executive
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NewsSabre posts COR of 84.2% for 2024
’We grew strongly in the first half of the year when market conditions were attractive and we maintained our strict underwriting discipline despite a steep decline in market prices during the second half,’ says chief executive
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NewsBrown and Brown-owned MGA secures new £250m capacity deal with Zurich UK
Zurich UK says the deal is an important part of its retail growth strategy
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NewsJensten launches new broker network
’We know just what it takes to support our network members throughout the lifecycle of their brokerage journeys,’ says network director
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IT InterviewRachel Turk: Changing perceptions at Lloyd’s and improving coverholder supervision
Lloyd’s of London’s chief underwriting officer talks recent results and the need for future underwriting discipline
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News AnalysisSolicitors secure premium benefits as professional indemnity market stabilises
Although the majority of legal professionals are now enjoying ‘favourable’ PI premiums, ‘smaller firms and firms doing property work still face challenges’ finding affordable cover
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NewsProbitas announces ‘best ever result’ after Aviva acquisition
’With Aviva’s scale and capabilities, we are extremely well positioned for continued success as we move into 2025,’ says chief executive
