All Financial ratings articles – Page 9
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Latest NewsLloyd’s of London expecting to pay out £5bn in claims, despite reporting stronger solvency position
Lloyd’s of London announces its half year results for 2020, but says its in a ’strong solvency position’ despite Covid-19 claims and ongoing pandemic
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Carrot Insurance urges government to incentivise young drivers’ telematics usage by removing IPT
Responding to the House of Commons’ Transport Select Committee’s inquiry into the reasons why young drivers are at a higher risk of being involved in road traffic collisions, the black box insurer believes all 17 to 22-year-olds should have a telematics policy for a year after they pass their driving ...
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Technology & Innovation Awards finalist 2020 Q&A: Avantia tool delivers 40% rate of interest return
There is just ten days to go until the winners for Insurance Times’s Tech & Innovation Awards 2020 will be revealed at a virtual ceremony on 17 September
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Arron Banks hunting down Noel Edmonds over alleged £1.3m insurance debt
Banks has hired private investigators to track down the former Deal or No Deal host as he apparently owes Banks £1.3m
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Coronavirus lockdown causes 0.3% decline in home insurance premiums
However, average premiums for this line of business has increased by 3% over the last 12 months
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Munich Re-backed insurtech raises extra £1.6m for growth in new markets
With its second fund raise this year, Urban Jungle is not showing any signs of slowing down, even though the Covid-19 pandemic is a financial obstacle for most of the sector
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Insurance broker accused of ‘forgery’ to win commission
Although an official figure for the commission is unknown it has been estimated at £1.5m
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Ex-Aviva boss and major reinsurer in dramatic Saga takeover
Ex-Aviva boss put together a 33p-a-share offer for the troubled firm
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News Analysis
Aon and Willis Towers Watson merger seals shareholder approval
Shareholders have voted in favour of the merger between Aon and Willis Towers Watson
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News Analysis
Insurance resilience tested by Covid-19 as global protection gap climbs to $1.24trn
New research from Swiss Re has shown the importance of insurance in economic recovery post-coronavirus
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News Analysis
Insurance market remains ‘resilient’ despite $25bn Covid-19 hit
Data and analytics company Hyperion X says that losses from the coronavirus pandemic are more of an earnings event, rather than a capital event that will affect insurers’ solvency positions
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Solicitor PI rates rocket as renewal deadline looms
Covid and Brexit are expected to have an impact on an already hardening market
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FCA investigates 165 Covid-19 scams
Financial services firms and banks have been targeted by fraudsters during the coronavirus pandemic
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News Analysis
DAS UK reports surge in profits
But large losses in the insurer’s ATE run-off portfolio push COR northwards
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Motor injury claims fall sharply during Covid-19 lockdown
A sharp fall in motor injury claims was recorded in the second quarter of 2020 as fewer people took to the roads
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Ecclesiastical hit by £59.7m loss due to Covid-19 impact
The insurer’s chief executive describes the headline loss as ‘disappointing’, attributing it to the ‘uniquely challenging’ circumstances arising from the coronavirus crisis
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QBE gives £10.6m in premium rebates to motor fleet customers affected by Covid-19
Around 60% of the insurer’s rebates went to policyholders within the bus and coach industry
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Nexus combines acquired trade credit brokers under single Xenia brand
Xenia is aiming to become the world’s leading trade credit distributor
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R&Q programme management business reports 43% increase in GWP for H1 2020
As at 30 June, the division has 36 active programmes compared to 26 at this point last year
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Biba confirms redundancies due to Covid-19 pandemic
The trade body will lose five employees as part of the redundancy process
