Financial / Results – Page 57
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NewsDirect Line’s profits return following pandemic-stricken motor market hit
Its gross income from car insurance premiums fell by 6.2% in the first half of 2021 due to fewer cars on the road, yet chief exec says the firm is ’entering the second half of the year with ambition and confidence’
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NewsHiscox boosts profit in first half of 2021
Chief executive confirms that nearly 4,000 full and final or interim BI claims payments have been paid as at the end of July
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NewsThe Clear Group reports £28m revenue for 2020 thanks to acquisitions
The broker reveals plans to expand into ‘new markets for insurance’
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NewsAxa’s ‘P&C profitability bounced back’ in 2021’s H1
Group chief executive is ‘confident about the future’ of subsidiary Axa XL, which has been a key driver of financial success in the first half of the year
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NewsGallagher reports £2.1bn revenue rise for broker segment
Gallagher’s Matson says the broker looks forward to ‘continued growth’
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NewsBrit Insurance sees GWP increase by 14.2% amid Covid uncertainty
Brit’s group chief exec says Ki has had ’very positive reception’ from its broking partners
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NewsFlock raises $17m to reinvent insurance for connected vehicles
The insurtech’s chief exec says ’commercial motor insurance is a $160bn market crying out for disruption’
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NewsGlobal insurtech funding balloons to $4.8bn in 2021’s Q2
Global head of insurtech at Willis Re says firms that use technology to redefine insurance will thrive
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NewsRegulatory bodies hit financial services D&Os with fines in the millions – BLM
A lack of cover for regulatory fines creates ‘a double-edged sword’ for company directors and officers
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NewsGlobal commercial insurance prices increased by 15% in Q2 – Marsh
Despite continued pressure on pricing, ’the general trend of moderating price increases’ will ’continue through the rest of the year’, says Marsh president
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NewsSabre sees dip in GWP for 2021’s H1 as pandemic ramifications continue
However, the insurer’s chief executive has ‘cautious optimism’ as the firm records portfolio growth of 2.8% between 2021’s Q1 and 30 June
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NewsCDL reports £52.7m turnover for 2020
The full year results are in line with the insurtech’s performance for the year ending September 2019, when it recorded a £52.9m turnover
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NewsBeazley bolsters GWP by 22% in first half of 2021
Chief exec is ‘excited about the growth opportunities ahead’ as profit before tax improves from 2020’s loss position
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FeaturesBriefing: Covid costs now hitting reinsurance bottom line
Covid-19, Solvency II and ESG factors will all be influencing global multiline insurers’ balance sheets, says S&P Global Ratings
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NewsSmall businesses see 50% hike in insurance spending – Dext
The increase has been driven by the Covid-19 pandemic
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FeaturesBriefing: Why Admiral continues to be the darling of UK insurance stocks
Described as a ’golden nugget in muddy water’, is Admiral the shareholder gift that keeps on giving?
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NewsAston Lark shows ‘strong resilience’ in 2020 financial results
The broker also has a goal to create the UK’s best broker following a spree of acquisitions
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FeaturesSupercede – the marathon running duo with an appetite for risk
Two co-founders of Supercede tell Insurance Times their plans after recently receiving a £2m investment and how training for a marathon led to the creation of a global all-in-one reinsurance platform
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NewsCollective Benefits raises £6m to further expand across Europe
Anthony Beilin, Collective Benefits’ co-founder and chief executive, sees the investment as a ’major vote of confidence’
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NewsAdmiral Group predicts higher than expected pre-tax profits for H1 2021
Admiral hopes to return £400m to its shareholders via special dividends following the sale of Penguin Portals completing in April
