Financial / Results – Page 47
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NewsThe Ardonagh Group reports adjusted ebitda growth of 42.4% for 2021
The broker’s income also reached £945.8m last year
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NewsSabre records small GWP decrease for 2021 amid ‘high levels of claims inflation’
The insurer’s COR also saw a slight raise last year, albeit within its targeted range
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NewsOndo becomes first insurtech to make IPO in UK following purchase
The escape of water insurtech formerly known as LeakBot aims to lead the revolution towards sustainable risk reduction by scaling up its product globally
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NewsEcclesiastical reports pre-tax profit despite slight COR increase
Despite the UK ’still living with Covid-19’, the insurer believes it has had ’an outstanding year’ in 2021
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AnalysisBroker M&A hit record levels in 2021 – but how are the consolidators faring?
Exclusively in Insurance Times, insight firm Insurance DataLab unpicks the financials of broking’s three largest consolidators to see how M&A is driving financial performance
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NewsMinster Law to offer brokers claims service that is ‘bothered’ about protecting indemnity spend
Chief executive reveals that law firm is ‘absolutely exploring’ how to support smaller brokers with claims
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AnalysisBriefing: Ukraine war aggravates claims inflation headache for insurers
Claims inflation was already biting, but now the consequences of the Russia-Ukraine war will add further pressure
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NewsInigo’s GWP hits $411m in first year of trading
Despite 2021 being the ’fourth most costly natural catastrophe year on record,’ its chief executive is confident of Inigo being profitable
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NewsTribunal hits Reich Insurance with forced commission disclosure order
The order follows FCA warnings on the need for ‘fairness and transparency’ around broker fees and commissions
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IT InterviewSelling commercial arm enables Ageas UK ‘to do exactly what we intend’ in personal lines market
The insurer’s chief executive believes ‘average just isn’t good enough’
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AnalysisIn Focus: Solvency II reform comes under scrutiny despite potential cost saving
Many industry commentators see post-Brexit Solvency II reform as an ’opportunity’ for insurers and shareholders, but could it leave policyholders paying higher prices? Insurance Times investigates…
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NewsMarsh pulls all Russian business
The move comes alongside a condemnation of the ‘unprovoked attack’
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NewsDirect Line Group recovers from 2020 dip with improved year-end financials
The group’s GWP remained broadly stable, despite its motor book seeing a tumble in turnover
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NewsInsurtech startup Nuon AI closes £1m pre-seed funding round
Customer traction in the UK and US has surged for the insurtech
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Sponsored ContentInsurance prices remain uncertain following FCA rule change – Pearson Ham
Stephen Kennedy, director of insurance pricing at Pearson Ham, reviews how the FCA’s general insurance pricing reform is bedding in after coming into force from 1 January 2022
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NewsERS premiums and COR hit by Covid-19
Underwriter confident of disciplined underwriting strategy despite results dip
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NewsAviva ‘opportunistic’ around ‘bolt-on transactions’ following Axa XL deal
Plus, the insurer’s UKGI gross written premium was ‘up 7% to just under £5bn’ in 2021
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AnalysisHiscox to sharpen focus towards more balanced portfolio
Hiscox group chief executive discusses why the insurer will be rebalancing its portfolio and focusing on opportunities in its digital retail arm
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NewsAdmiral’s UK motor book drives up business profit for 2021
The insurer’s financial results have mostly improved since 2020 thanks to its ’sameness in our core values and our approach to our people, customers and products’
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NewsInsurers excelling at customer experience track better underwriting performance
A ‘best in class customer experience’ will be ‘one of the driving forces behind success in 2022’
