Financial / Results – Page 49
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NewsLancashire Holdings suffers financial loss in 2021 driven by natural catastrophe events
Despite having a poor year for returns, the group reached record breaking levels of gross written premium after investing in expanding its portfolio
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NewsBeazley improves combined operating ratio by 16% in 2021 following pandemic recovery
Rate improvements in the cyber market and lower natural catastrophe losses have contributed to the business’ profit
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NewsZurich UK returns to pre-pandemic level with £450m operating profit
The insurer has paid £2bn in claims across all UK business areas
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NewsFloodFlash targets international expansion after $15m funding raise
The insurtech hopes to close the $58bn flood protection gap
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NewsAdmiral named best Gibraltar-based insurer for second year running – Insurance DataLab
The insurer’s ‘market-leading COR’ exceeded the performance of the largest UK underwriters in 2021, says data insight firm
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NewsRomero Group grows income by 14.3% in 2021 despite hard market
The broker has also helped to settle £13m in Covid-19 business interruption claims
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IT InterviewD&O and cyber liability insurance is ‘maturing’ amid hard market – JM Glendinning
New capacity in these markets could come from ‘nimble’ MGAs, however brokers must have ‘grown up’ conversations with clients to successfully manage expectations around higher premiums and reduced coverage, says broker boss
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NewsCampaigners call out insurers investing $7.9bn in North Sea oil and gas companies
Removing support for oil and gas production ‘needs to accelerate beyond the current baby steps’, says climate campaigner
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NewsInsurance DataLab names 2021's best insurer in UKGI
Commercial lines insurers were heavily impacted by the FCA’s business interruption court case
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AnalysisIn Focus: How buoyant is capacity in the HNW market post-pandemic?
Industry experts debate capacity in the high net worth (HNW) sector following the Covid-19 pandemic, Brexit and a slew of pricing regulation from the FCA
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NewsData intelligence insurtech set to expand after £3.4m investment
The funding will be used to help the insurtech enter new sectors of the UK insurance market and ’take things to the next level’
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NewsUK cyber rates soar amid market challenges
The climb in rates is driven by an uptick in ransomware claims as well as insurers tightening cover rules
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NewsRSA injects multimillion pound investment into its home claims team
The insurer hopes the move will enhance its service for building claims requiring major construction work
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NewsAqueous Underwriting boosts capacity in professional indemnity market push
The increase will provide the MGA’s brokers with an ‘enhanced proposition’ for clients, says chief underwriting officer
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AnalysisLegal professional indemnity stresses push firms to consider their futures
Brokers must support law firms with risk management to battle professional indemnity claim threats and increasing premiums
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NewsInsurtech MGA using parametric call to brokers after $120m funding
The insurtech will continue its global expansion
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NewsGallagher’s UK operations see organic growth improve by 12% in Q4 2021
M&A activity alongside retaining, as well as gaining, new clients has contributed to the business’ growth
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NewsManifesto 2022: Biba demands fairer compensation levy for GI brokers following member 'uproar'
Although Biba’s members are happy to contribute to a compensation scheme, the current arrangement feels ’more like bailing out rather than chipping in’, says trade body chief executive
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AnalysisAviva to accelerate regional broker investment and underwriting footprint expansion
The insurer tells Insurance Times its plans for mid-market broker investment and how it is tackling underinsurance
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NewsLaka raises $12m to build e-mobility insurtech in Europe
The insurtech plans to expand its product offering and double its remote-first workforce
