Financial / Results – Page 59
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FeaturesBriefing: What exactly is Aviva’s activist investor Cevian up to?
An activist investor is stepping up pressure. But does it have anything new to offer?
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NewsAviva investor Cevian Capital seeks director appointment
The activist investor believes ‘Aviva has been poorly managed for many years’
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NewsUK tech sector reaches 100th unicorn milestone following Tractable valuation
The UK now has more tech unicorns than Germany, France and the Netherlands combined - MP Oliver Dowden says this ’cements the UK as one of the world’s top tech hubs’
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NewsLloyd’s of London secures £650m five-year cover for Central Fund
With the backing of eight reinsurers, the cover will act as a ’significant buffer’ against adverse solvency
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NewsTractable becomes UK’s first computer vision unicorn amid $50m investment
The insurtech’s revenue has grown 600% in the past 24 months
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NewsFlooding is ‘greatest natural disaster’ risk in UK – Flood Re and ABI
In a joint report, the ABI and Flood Re underline the importance of maintaining flood defences
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NewsConstruction and manufacturing sectors among top users of credit to cover insurance costs – Premium Credit
The firm’s chief sales and marketing officer says commercial insurance prices have been ’rising dramatically’
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NewsInsurance sector could fork out up to $3bn for Tokyo Olympics cancellation
The International Olympic Committee is pushing ahead for the games to be conducted safely
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NewsInsurtech funding rounds in 2021 break pandemic gloom – GlobalData
GlobalData’s insurance analyst says that as insurtech continues to grow, there could be some ’real contenders’ to the major insurers
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FeaturesBriefing: Aviva, Allianz, RSA and AXA - who’s top and why it matters
Insurance Times places Aviva, RSA, AXA and Allianz under the microscope on underwriting combined ratios
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NewsUK motor insurers expected to make losses in 2021 and 2022
Premiums are set to drop by 6% this year due to changes in car usage and the whiplash reforms
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NewsLondon market brokers will be at ‘forefront’ to assist government’s net zero ambitions
The role of the broker ‘will be critical’ in driving change due to their understanding of both risks and organisational transformation
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IT InterviewScott Egan: There will be ‘no radical about-turns’ in RSA’s strategy following Intact takeover
Instead, RSA’s new owners will help the insurer ‘accelerate our plans’ around ‘outperformance’
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News‘Futuristic’ CFC syndicate will have ‘key role’ in Lloyd’s market
Lloyd’s boss John Neal deems CFC a ’frontrunner in cyber products’
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IT InterviewJohn Read: Hard market is brokers’ ‘saviour’ for preserving earnings
With the hard market ‘still here with a vengeance’, brokers face ‘additional difficulties’ in explaining the impact on premiums to clients
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News Analysis'Unified action' needed to address challenges in professional indemnity insurance
An expert panel at Biba’s annual conference last month debates the ongoing challenges in professional indemnity insurance and what changes should be made
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NewsPerception that extortion cover fuels cyber crime is ‘misguided’ – CFC Underwriting
The firm’s cyber development leader believes ‘the last option we want is to remove extortion coverage’, but that applying sub-limits could be a viable route forward
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NewsCovid-hit cash strapped SMEs borrow more to fund business insurance – Premium Credit
The premium finance provider is urging all SMEs to consider finance options as they plan for the future post-pandemic
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FeaturesBriefing: Brokers’ purse strings threatened by PI cover costs
The FCA’s test case has contributed to broker PI being ‘in a very, very difficult position’ says network MD, as Covid exclusions also cause costs to escalate
