Financial / Results – Page 85
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Online onlyBriefing: City loves RSA again - a new era or another false dawn?
RSA has been through a turbulent decade, but analysts now predict good times ahead. True or is it another false dawn?
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NewsSearchlight completes GRP deal as Mike Bruce takes the helm
Private Equity firm takes majority stake in the business
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News AnalysisAnalysed: The Lloyd’s market’s best and worst underwriters
With three successive years in the red and a fourth year of underwriting losses seemingly on the way, the Lloyd’s market has faced some testing times of late.
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NewsRevealed: Beazley top Lloyd’s underwriter as Hiscox slides
Beazley has risen to be the most profitable Lloyd’s underwriter for 2019 after finishing second the previous year.
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FeaturesCoronavirus: Skincare salon misled by insurer over rejected BI claim
MS Amlin took two months to respond to NuYu London’s claim, despite initially informing the business’s broker that the BI policy would pay out
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NewsInsurers accused of ‘intransigence’ in Covid-19 BI payout dispute
Insurance industry body ABI faced a grilling by Northern Ireland politicians
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Online onlyBriefing: Broking consolidation has led to tensions - Reid & Barton’s new firm will benefit
Stuart Reid and Phil Barton are set to take advantage of a disgruntled UK broking staff market - expect fireworks
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NewsEthos-owned Bennett Christmas buys energy broker
The acquisiton is Bennett Christmas’ second since being taken over by Ethos Broking
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NewsPhil Barton: UK broking is just like the Premier League, but that’s not a good thing
The chief executive said that the increasing EBITDA multiples being paid for brokers has damaged best practice while only lining the pockets of private equity firms and a select few lawyers and entrepreneurs
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NewsLondon market top performers say strong portfolio management led to 5% uptick in COR
New research shows that portfolio management is ‘an increasingly important tool’ in delivering underwriting profit
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NewsAXA cuts dividend in wake of €1.2bn Covid-19 claims estimate
The insurer said increased claims would mostly come from business interruption and event cancellation business
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NewsPIB acquires Munich-based broker Marx Re
The acquisition marks PIB’s first foray into the reinsurance broking market
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Online onlyBriefing: What impact will Covid have on the big PE-backed brokers like Ardonagh, Hyperion?
Private equity and brokers have had a big love affair. How will covid impact them?
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NewsMarkerstudy to make 478 staff redundant due to financial impact of Covid-19
The company has already furloughed more than 1,000 employees, as well as asked staff to take a 20% pay cut and give up sick pay
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Online onlyHow UK broking is running out of ‘sweet spot’ deals amid fierce private equity competition
Such deals have fallen significantly as competition from private equity has taken hold of the market
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News AnalysisSchemes Index reveals most profitable business lines for brokers
SME package schemes may have delivered the most commission for brokers, but will the Covid-19 pandemic change the broking landscape?
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News AnalysisWho is the highest paid insurance CEO? Find out here
Five of the leading bosses in UKGI took home more than £11m in total remuneration for 2019
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NewsAgeas to provide capacity for Victor Insurance UK
The five-year agreement will support writing £60m GWP
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NewsBy Miles unveils post-funding growth plans as policy sales soar
Pay-by-mile insurtech, By Miles is expanding following its recent £15m Series B funding round, with business booming during the lockdown
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News AnalysisThe Briefing - Insurtech – Surviving Covid-19, government schemes for insurtechs ‘not all it’s cracked up to be’
The government has been instrumental in supporting businesses during the Covid-19 pandemic, however many insurtechs have found that these schemes incur pitfalls and strict eligibility criteria that does not work in their favour
