Financial / Results – Page 48
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NewsEsure records ‘minimal’ 2021 profit ahead of focusing on digital-centric strategy
Around 80% of the insurer’s profitability is being reinvested back into developing the business
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AnalysisBriefing: Insurers are eyeing inflation as biggest claims risk for 2022
Describing inflation as ‘one of the single biggest issues’ for the sector, how do insurers plan to respond?
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NewsAM Best takes negative rating action amid Russia-Ukraine tensions
The ratings will stay under review until the agency evaluates the severity of the situation
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NewsHiscox UK sees 9.9% GWP rise in 2021 despite ongoing Covid impact
The outlook for Hiscox UK remains ‘positive’ as the insurer expects to accelerate its digital acquisition channel
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NewsAviva increases general insurance GWP by 6% to reach ‘highest sales in over a decade’
The insurer’s UK commercial lines business grew by 15% last year
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NewsAvid Insurance gunning for ‘strong growth’ post-Covid
Prices are hardening because of Covid according to Avid’s head of personal lines
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NewsLloyd’s of London could face ‘sizeable’ hit from Russia-Ukraine war
Exposure to eastern Europe is likely to be ‘modest’ but classes such as energy could take a beating
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NewsMP John Glen proposes insurance industry overhaul in Solvency II reform
A new Brexit Freedoms Bill will be brought forward too
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NewsPeach Pi boosts business for parent company
However, the niche insurer’s managing director says the message conveyed is ’resonating with the type of people’ it wants to do business with
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NewsAxa UK and Ireland reports 3% rise in gross revenue for 2021
The wider group, however, steams ahead with a 131% boost in net income
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NewsAgeas UK’s 2021 net result rises by 14.6% as new strategy bears fruit
Profit improved in 2021, despite the insurer’s motor book suffering a financial dip
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IT InterviewColm Holmes: Allianz is ‘always looking to do more with brokers’
Following the publication of its 2021 year-end financial results, the insurer plans to ‘increase investment in broker relationships’, according to new chief executive
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NewsAllianz Group’s UK revenue up 2% year-on-year despite Covid-driven peaks and troughs
The financial results show the importance of ‘having a balanced portfolio of business’ across both personal and commercial lines, says UK chief executive
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NewsBroker and MGA Yutree hits £10m GWP in first decade of business
Backing two Biba schemes and boosting its presence in the media and entertainment sector were both key in helping the firm hit this milestone
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NewsDevon-based broker no longer trading after compulsory liquidation
The broker breached the regulator’s Principle 11
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AnalysisMotor market back in black as claims fall
Insurance DataLab unpicks underwriting in the motor insurance market, flagging the financials of successful firms that have weathered pandemic and regulatory-induced trends
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NewsMGA Atrium Underwriters sees £38m boost in 2021 underwriting profit
The business also saw a big jump in total comprehensive income, despite natural catastrophes ‘making it one of the costliest years on record’, says chief executive
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NewsAston Lark broker Bruce Stevenson boosts both revenue and GWP by 7%
The firm’s growth follows being bought by Aston Lark and merging with its Glasgow team
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NewsBeazley targets cyber book growth in 2022 following increased customer demand
Chief executive also celebrates insurer’s ‘largest profits in history’ following Covid-dented 2020
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NewsBrit Insurance remains ‘optimistic’ after 2021 full year profit of $247.1m
The insurer has confidence ’that it is well placed to respond to the opportunities and challenges ahead’
