All Financial ratings articles
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Latest NewsUK insurers warned of big challenges and put on ‘negative’ outlook
AM Best places UK insurers on negative outlook amid major challenges
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Latest News
AM Best unveils plans to rate delegated authority providers
Plans for a financial rating regime for MGAs has been welcomed by the market, but doubts remain that firms will be willing to open their doors
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Latest News
Home insurers will benefit from pandemic claims trends in 2021 – Fitch Ratings
However, credit rating agency director believes ‘the pricing environment in the household sector’ will ‘remain weak’
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Motor claims costs predicted to rise due to complex repairs – Fitch Ratings
The ‘one-off benefit’ from reduced claims frequency in 2020 may continue for the first half of this year too, however it won’t be as large as last year
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Covid recession could lead to direct claims against insurers under Third Parties Act
Law firm solicitor emphasises that ‘there is potential for increased claims’ against insurers if their policyholders become insolvent
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Latest News
2021 set to be ‘less profitable’ year for insurers – Fitch Ratings
Credit ratings agency identifies the key factors that are contributing to market outlooks in the UK
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Latest News
FCA fair pricing report will ‘reduce profitability’ for insurers – Fitch Ratings
Furthermore, the home insurance market will be more affected than motor insurance as around ‘80% of premiums comes from renewal business’
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Q Underwriting secures capacity to launch new property and package division
A new property owners product will be available for broker partners from February
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Howden Group records 6% organic growth in year to September 2020
Chief executive believes ‘the opportunities that lie ahead for Howden Group are extraordinary’
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Markerstudy Group reveals £200m investment
Markerstudy Group will use this investment to deliver a sustainable growth programme through a combination of organic and acquisition-led expansion
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Online only
Allianz eyes carve up of major part of Aviva’s continental business
Allianz is eyeing a carve up of Aviva France, bagging the non-life business, according to reports. The life business would be hived off to its partner in the consortium, Athora, Le Figaro reports. Athora would take the lion’s share of the business, as life makes up £387m ...
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Latest News
Covid-19 impact on insurance recruitment revealed
Recruitment stats confirm economic impact of pandemic past year, but more optimistic picture painted for 2021
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Aviva staff to be allowed flexible working on a permanent basis
Insurer Aviva is to shift to permanent homeworking for its staff
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UK insurance market shows ‘divergence’ with London Market prospering while regions suffer
Business interruption will also remain a key risk for 2021, especially for insurers that have non-standard policy wordings, advises ratings agency
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Latest News
Car insurance premiums fall 6% amid lockdown - Confused.com
Fewer journies and consequently claims saw premiums decline significantly last year
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Convex in fresh capital raise
Latest capital raise brings Convex’s committed capital to $3.2bn
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Gallagher buys Bollington Wilson
International broking firm Gallagher has kicked off the first major M A activity of the year
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Irish 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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Latest News
Car 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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Latest News
Travel 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
