Financial / Results – Page 57
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NewsZurich inks five-year £105m deal with specialist underwriter
The deal further strengthens Zurich’s strategic relationship with Ardonagh
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NewsLloyd’s of London ‘won’t tolerate loss-making syndicates’
‘There is not much time left over’ for the market’s MGAs to ’remediate unprofitable syndicates’, says chief financial officer
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NewsLloyd’s bounces back from 2020 loss with £1.4bn profit before tax for H1 2021
Chief executive Neal notes that the market has produced a ‘strong set of financial results’ despite paying out nearly £10bn in claims – including for Covid-hit customers
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NewsDavies set to buy Lloyd’s managing agent
The deal adds significant strength and reach to Davies’ global insurance services practice
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NewsMarshmallow becomes latest insurtech unicorn
The insurtech’s headcount has also increased by more than by 200% in the past year - it expects to hire 400 people over the next 24 months
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NewsAxa sells insurance operations in Gulf region
The cash consideration for the deal with Gulf Insurance Group amounts to $264m
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NewsBroadway Insurance Brokers surpasses first year forecast amid pandemic
Broadway’s chief executive says there will be more ‘senior, strategic’ appointments too
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NewsPIB Group improves adjusted EBITDA by 41% for 2020
After completing a host of acquisitions last year, the broker has its sights set on further international growth and plans for ‘new territories to add to the group’
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FeaturesOpinion: Bottom lines boosted in 2021’s H1, but what does H2 have in store?
Many insurers have bounced back financially from the Covid-19 pandemic in the first six months of 2021, yet uncertainty around upcoming claims trends means bottom lines are not out of the woods yet
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NewsWorry+Peace closes first external funding round
The insurtech’s founder says that the business’ focus remains ’singular’
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FeaturesBriefing: Admin fees are a massive issue the FCA must address
Administration fees will be in the firing line as FCA deadline on pricing reform looms
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NewsTesla Insurance could be worth more than Aviva
Elon Musk’s electronic vehicle firm saw sales topping £1.14bn last year in Britain
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FeaturesBriefing: Why Zurich is having a purple patch
Zurich is showing promise in both the UK and group wide
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FeaturesTop five Lloyd’s managing agents fall to underwriting loss as Covid hits hard
Insurance DataLab gets behind the numbers of Lloyd’s largest managing agents exclusively for Insurance Times – the stats show that coronavirus-driven losses are still sucker punching businesses
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NewsUK leads the way for M&A – Clyde and Co
Global law firm says that despite the challenges of the last 18 months ’the insurance industry has responded well’
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NewsCovid-19 drives underwriting losses of £2bn for Lloyd’s market – Insurance DataLab
’Financial pressures will continue to affect businesses’ as the world’s economies emerge from the pandemic, according to Insurance DataLab’s Matt Scott
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NewsTokio Marine Holdings completes share buyback
The purpose of the repurchase is to implement flexible financial policies
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NewsOrdnance Survey takes equity stake in Flock
The insurtech’s chief exec says the insurance company of the future won’t just pay claims, but it will ’actively help customers avoid them’
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NewsThe Ardonagh Group reports 2021 H1 loss of £41.3m
The firm has also secured additional ‘combined funding’ of £900m to help continue its ‘M&A and investment strategy at pace’
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FeaturesBriefing: Aviva delights shareholders, but long-term questions remain
Chief executive Amanda Blanc’s long-term vision for Aviva remains in question
