Financial / Results – Page 40
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NewsLloyd’s of London’s reserving for Ukraine crisis is a 'sensible reserve position’
Lloyd’s had arrived at its reserving figure for Ukraine-related claims via a ’probability weighted exposure reserving method’, says chief financial officer
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NewsStubben Edge Group secures new £5.6m cash injection
The insurtech’s ambition is to ‘change the financial services industry’ says its chief executive
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NewsLloyd’s of London reports COR of 91.4% for H1 2022
The market also achieved an underwriting profit of £1.2bn for the period
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NewsFitch Ratings confirms neutral outlook for global reinsurance sector
However, capacity is being squeezed in the property catastrophe market as reinsurers withdraw
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NewsInsurance industry welcomes Liz Truss as new prime minister
The ‘back to the future’ proposal of merging the FCA, PRA and PSR is still a possibility, says global head of financial regulation
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AnalysisClaims inflation drives ‘a major deterioration’ in UK motor market
With price increases unable to keep pace with inflation, motor insurers must look to claims prevention and repair network support if they wish to remain in the black
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AnalysisOpinion: Inflation and cost of living tightrope testing insurers’ balance
Editor Katie Scott discusses how inflation has impacted insurers’ 2022 half-year results
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Sponsored ContentSoft market in current climate would be chaos – Manchester Underwriting Management
Richard Webb, director at Manchester Underwriting Management, explains why he thinks a soft market would be ‘catastrophic’ amid claims inflation, global wars and UK leadership changes
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NewsLabour shortages and inflation bite for UK businesses – Bank of England
Economic struggle places the insurance market ‘in danger of sleep walking into a tsunami of fraud claims’, says group director of investigations
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NewsEsure’s in-force policies dropped by 3.2% in H1 2022
Chief executive explains that 2021’s £21.3m profit dip has been funnelled into digital transformation work
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NewsBroadway Insurance Brokers triples GWP to £4.5m in 12 months
Chief executive says the broker is hoping to make several new senior appointments soon
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AnalysisBriefing: Russia-Ukraine conflict takes toll on insurers’ half-year results
Insurers are preparing for further losses as Russia continues to hold on to leased planes
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NewsThe Ardonagh Group posts 170% increase in pro forma losses for H1 2022
The group also recorded a 21% increase in its adjusted ebitda for the reporting period, reaching a figure of £186m
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NewsThree ‘I’s that lead to underinsurance pose ‘real reputational risk’ for insurance industry
But brokers have a ‘real opportunity’ to showcase their value in the face of cost and supply chain pressures, says commercial lines boss
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AnalysisBriefing: Insurtech’s ‘stick or pivot’ culture could return for a post-pandemic sequel
Insurtechs have always been agile, but how many more will pivot their operations due to the changing economic environment and consumer demand?
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NewsProbitas’ Syndicate 1492 achieves COR of 78.5% in H1 2022
The Lloyds syndicate also grew its underwriting profit by 86% from the equivalent period last year
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NewsAgeas posts COR of 94.9% for its GI portfolio during H1 2022
The insurer’s chief executive called this an ’exceptionally strong’ result and confirmed an interim dividend of £1.26 per share to shareholders
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NewsZurich’s P&C business reports record COR of 91.9% for H1 2022
The insurer attributed its record combined operating ratio to underwriting profitability
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NewsAzur acquisition set to make Aviva a one-stop-shop for its SME customers
Once the MGA has been integrated into Aviva, its boosted private clients division will be targeting ‘strong organic growth’ to help it achieve the ‘number one position’ in the HNW market, says UKGI boss
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NewsBoosted eTrading proposition is key driver of Aviva’s H1 12% commercial lines growth
UKGI chief executive explains that the insurer is ‘really mindful of acting on broker feedback’
