Financial / Results – Page 75
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Online onlyAllianz Insurance sees year-to-date GWP decline as Covid bites
LV= however saw more positive results
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Online onlyToo good to turn down? RSA told latest offer better than Zurich’s 2015 bid
RSA is being offered ‘more than fair value’ with latest bid offer
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NewsAverage motor claim cost in Ireland rose 4% between 2018 and 2019
Compensation for litigated settlements in Ireland averaged €46,214 between 2015 and 2019, with legal fees coming to €23,409 for these cases
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NewsCoventry-based broker closed by FCA
The regulator ordered the firm to cease carrying out regulated activities under a client money order
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NewsRSA mulls multibillion pound consortium bid
The British insurer has been seen as an attractive acquisition target for some time
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![acquisition three jigsaw]](https://d17mj6xr9uykrr.cloudfront.net/Pictures/100x67/2/4/0/78240_acquisitionthreejigsaw_905211.jpg)
Online onlyGRP’s Yorkshire hub snaps up regional broker
Marshall Wooldridge announces its second deal in a matter of days
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NewsBrokers define hard market and struggling economy as their biggest concerns
Research by Aviva also signposts Brexit as the potential cause of an economic decline
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NewsBrightside sees EBITDA improvements in broking business
Placing IQED into run-off has impacted 2019’s financial figures, but the business’s broking activity is showing positive growth
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NewsBrightside puts MGA business Kitsune into run-off
MGA was unable to deliver the same level of returns that the core broking business did, Brightside chief executive tells Insurance Times
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NewsBriefing: Claims service could come under the microscope after FCA’s pricing report
Commercial brokers told Insurance Times that a quality claims service is more important than competitive pricing, aligning with the FCA’s refreshed stance around fair value
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NewsAXA reports €38bn revenue for P&C in last nine months
Both commercial and personal line results fluctuated due to the ongoing Covid-19 pandemic
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NewsFCA business interruption test case appeal date set by Supreme Court
Six insurers, the FCA and the Hiscox Action Group are appealing some parts of September’s High Court ruling
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NewsSainsbury’s mulls insurance exit
The grocer has reportedly been looking to sell its banking arm, which includes a range of insurance products
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NewsRate rises fuel premium income growth for Hiscox
The insurer also saw no further rises in its Covid-19 claims estimate
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News51% of SMEs cut back on business insurance policies amid pandemic – Premium Credit
Underinsurance is a major problem, with many cash strapped SMEs cutting back under the financial strain of the coronavirus-influenced recession
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NewsFCA issues public censure over Aviva’s preference share miscommunication
The insurer acknowledges that the event was a ‘disappointing episode’, but that ‘lessons have been learned’
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Online onlyBriefing: Brokers are upset - which insurers will lose customers over BI claims?
There are going to be winners and losers in broker sentiment following the pandemic claims. How much business is actually lost will be interesting as brokers form their opinions of providers who either supported or rejected their claims. Insurance Times annual star survey will reveal sentiment of brokers in these ...
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NewsNew sales surge 150% for Bought by Many amid Covid-19 pandemic
The insurtech will change its name for its Sweden territory only
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NewsNew insurer using traditional values to take a slice of the PI market
Peach Pi aims to capture a piece of the specialist PI market
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Online onlyFinancial advisor PI premiums skyrocket over past three years
Smaller firms hit hardest by rapidly rising PI rates
