Financial / Results – Page 62
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NewsAllianz Holdings records 10.6% drop in GWP for Q1 2021
Alongside a dip in commercial lines GWP, Allianz Insurance has issued payments for more than 80% of accepted Covid-related BI claims
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NewsAgeas UK reports ‘a solid quarter’ to kick-start 2021
Reduced claim volumes in the insurer’s private car book has helped support a ‘strong combined ratio and net result’ in quarter one
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NewsNew SchemeServe Network could double brokers’ GWP from schemes
The new network is supported by a panel of seven insurers that specialise in schemes, including AXA and Hiscox
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NewsTop 50 broker buys Ryan Insurance Group
Ryan Insurance Group’s chairman will step down following the completion of the acquisition to pursue other interests
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FeaturesBriefing: Henderson-Aon deal shows consequences of consolidation
Joe Henderson’s new broker is a direct rival to Aon - and there are consequences
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NewsRSA takeover set to complete by end of May
As the deal with Intact and Tryg receives regulatory approvals, group chief exec says the business ‘has never been in better shape’, despite paying more than £45m for BI-related Covid claims
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NewsUS motor disruptor accepts world’s first bitcoin premium and claims
US disruptor to buy $10m bitcoin in preparation for the move
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NewsAston Lark Ireland launches amid merger completion
The broker’s launch into the Irish market marks a ’significant milestone’
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NewsTesco Bank bags Ageas UK’s stake of underwriting arm
The move also supports Ageas’s recently announced business strategy to focus on its core business
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News AnalysisD&O market challenges remain as capacity and conditions still a concern
Underwriters are ‘wary’ of claims against board members, therefore brokers must work to differentiate their clients’ risks
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NewsInsurtech sector reaches mega deals ‘record high’ in Q1 2021
The top three largest rounds were Next Insurance, Coalition and Zego
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NewsMotor insurance premiums record biggest quarterly fall in 2021’s Q1 - ABI
The average price paid for motor insurance is at its lowest in nearly five years
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NewsCFC inaugurates new Lloyd’s Syndicate
The launch hopes to bring emerging and digital economy risks into the Lloyd’s market
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FeaturesWhat are the most profitable schemes and growth opportunities for brokers?
Although not tipped as the best performing scheme year-on-year, contractors all risks cover represents a ‘market opportunity for brokers’ as the UK exits lockdown
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NewsABI reveals launch of inaugural flexible working campaign
Exactly 27 firms have signed up to the new charter, designed to ‘tackle’ gender inequality as well as retain and attract new talent
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FeaturesAon-WTW merger comes down to divestment deals
Smaller brokers may be able to pick up bargains as Aon and WTW look to dispose operations to get merger green light
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News AnalysisD&O market is ‘absolutely brutal’ and ‘in a world of pain’ as a result of hard market
However, insurers are looking to grow and are selecting some ‘quite aggressive targets’, says expert panel
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FeaturesIn Focus: Biba’s Steve White commends broking industry for its resilience
Biba’s chief executive discusses upcoming challenges for brokers ahead of the trade body’s annual conference
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IT InterviewCharles Manchester: MGAs face ‘challenging time squared’ due to pandemic
The chief executive discusses why brokers and MGAs must be more organised now than ever before
