Financial / Results – Page 70
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FeaturesBriefing: FCA reveals anxiety over firms’ financial resilience, but is its heart in the right place?
Despite unveiling a ‘stark’ financial picture of Covid-hit brokers and intermediaries, helping firms stay in business does not seem to be the regulator’s number one priority
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Online onlyBriefing: Bitcoin … rat poison squared or exciting for insurance?
Bitcoin has enjoyed huge returns, making many rich. But can insurance help in this daring new world of cyrptocurrencies
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NewsBollington buy will ‘supercharge’ Gallagher as UK regional powerhouse
Gallagher will ‘supercharge’ its presence in north west with Bollington. Gallagher has firepower to keep on making acquisitions in the near future, says UK retail chief Michael Rea
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IT InterviewOrganic growth is the DNA of Specialist Risk Group says broker chief executive
Warren Downey has big plans for SRG this year. Insurance Times catches up with the broker boss to uncover the firm’s objectives since receiving a funding injection from private equity investor HGGC
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NewsGallagher buys Bollington Wilson
International broking firm Gallagher has kicked off the first major M&A activity of the year
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News AnalysisInsurers must ‘adjust reserves accordingly’ as PI ruling will ‘significantly add’ to claims costs
The Swift v Carpenter ruling set the bar for accommodation costs in personal injury cases involving a long life expectancy and low interest rates, but what is the financial domino effect on insurers? Insurance Times takes a closer look
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NewsIrish insurer offers partial premium refunds to some pub owners over BI confusion
However, it is reported that less than 10 pubs will be receiving this support
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NewsCar insurance premiums on the rise after 2020 dip – MoneySuperMarket
The comparison site attributes the increase to looser lockdown restrictions in Q4 2020
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NewsTravel insurance sector set to face more upheaval in 2021 warns IPP boss
The uncertainty that has accompanied the Covid-19 pandemic has put the travel industry into a huge amount of debt, and it could get a lot worse
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NewsNewly launched broker led by ex-Marsh director generates £500,000 GWP during first three months
The new broker has appointed a series of ’insurance heavyweights’ and entrepreneurs; it hopes to expand further in the coming months
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NewsPen Underwriting strikes capacity deal with Zurich for hazardous goods and tanker transportation
The five-year deal will see Zurich provide capacity for £165m worth of premiums
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FeaturesBriefing: Insurers must be ‘mindful’ of recession-induced fraud
Insurance companies need to issue a war cry to customers, using transparent communications and fraud education to work together to stamp out Covid-linked fraud
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NewsBrokers experience 30% decrease in available liquidity due to Covid-19 pandemic
Around 19,000 firms responded to the FCA’s financial resilience surveys last year, designed to determine the financial impact of the coronavirus pandemic on the financial services sector
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NewsClear brings in new chief exec as broker group aims to keep up M&A momentum
Appointment is aimed at freeing up the existing leadership team’s time to focus on acquisitions amid a ‘feeding frenzy’ in the market
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NewsPeter Cullum backed broker duo to form Manchester ‘powerhouse’
The two brokers are currently in talks about another local broker joining the business as part of its growth plans
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NewsSix biggest business risks pinpointed for year ahead
The need for robust organisational resilience plans and resources to ensure employee wellbeing are essential in the ‘new normal’
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NewsD&Os face rise in insolvency claims
Corporate bankruptcies will be a strong driver of D&O risk in 2021 in the UK and Germany, predicts Clyde & Co
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NewsAston Lark adds to marine portfolio with superyacht broker buy
Aston Lark buys another nautical business, just weeks after snapping up MS Amlin’s pleasure craft book
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News AnalysisComparetheMarket fine exposes perils of ‘most favoured nation’ clauses
’Most favoured nation’ clauses have existed longer than there have been PCWs, but ComparetheMarket’s recent fine shows how they can undermine the market
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NewsGovernment’s trade credit reinsurance scheme extended
The temporary support measures will now run until June 2021
