Financial Ratings
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BIBAInsurance DataLab ‘shines the light’ on UKGI’s best brokers at Biba
Insurance DataLab told Insurance Times that it ’wanted to look at [brokers] delivering sustainable results’ and ’setting themselves up for future success’
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NewsRSA announces departure from UK personal lines motor market
’We were clear that we would take necessary actions to drive sustainable outperformance in UK and Ireland,’ says chief executive
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News AnalysisTechTalk: Silicon Valley Bank collapse could see ‘contraction of capital’ – but for now it’s business as usual
There remains ’a massive amount of nervousness’ for some UK insurtechs, says chief executive
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News AnalysisHardest reinsurance renewal market in years to create knock-on impacts
‘We expect underwriting to remain disciplined in light of strong Lloyd’s market oversight over market’s catastrophe exposure,’ says ratings director
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NewsDeteriorating outlook for UK insurers as inflation bites – Fitch Ratings
The UK insurance market is facing a deteriorating outlook for the year ahead as inflation and pricing rules weigh heavy on the market’s performance
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NewsGeneral insurance firms’ creditworthiness will be hardest hit by inflation – Fitch
The firm’s latest report further highlights that several European markets in addition to non-life could move to a status of ‘deteriorating’
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NewsLloyd’s improves ‘underlying performance’ – AM Best
Lloyd’s turned a corner in 2021, according to senior director.
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NewsFitch Ratings confirms neutral outlook for global reinsurance sector
However, capacity is being squeezed in the property catastrophe market as reinsurers withdraw
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AnalysisBriefing: Stable it may be, but London needs real modernisation momentum
Frictional costs in the capital are still too high, despite credit rating agency listing market positives
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NewsCredit ratings agency retains stable outlook for London market
Market trends are expected to exert a ’neutral influence’ on London market firms
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AnalysisWhen it comes to financial performance, does bigger really mean better?
Insurance DataLab reveals the preliminary findings of its 2022 Broker Performance Report exclusively in Insurance Times, rating the performance of different sized brokers based on their financial performance
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NewsCredit ratings agency retains ‘negative outlook’ on UK’s non-life insurance sector
Factors such as general inflation, increased claims costs and flood risk have contributed to the negative rating
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AnalysisBriefing: Russia-Ukraine insured losses deemed ‘manageable’ – but how long for?
Investment bank predicts that conflict losses will be ‘manageable’, yet insurer boss believes flexibility will remain central for keeping abreast of unfolding situation
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AnalysisMotor market back in black as claims fall
Insurance DataLab unpicks underwriting in the motor insurance market, flagging the financials of successful firms that have weathered pandemic and regulatory-induced trends
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NewsUK non-life company market set to deteriorate in 2022 – Fitch Ratings
The credit rating agency believes high claims inflation, an uptick in claims frequency and the FCA’s pricing reform will impact insurers’ profitability next year
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NewsAllianz’s total revenue growth soars despite natural disaster burdens
Asset management and life business segments spearheaded profits with property remaining strong
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NewsGRP eyes further M&A amid soaring premium growth
During challenging times for the industry, ‘2021 has been a sea change for GRP’, says chief executive
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NewsRansomware drives harder cyber response from insurers
Cyber losses could shift to hit reinsurance costs as insurers embrace standalone products over packages to mitigate silent cyber risks
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FeaturesBriefing: Why Zurich is having a purple patch
Zurich is showing promise in both the UK and group wide
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NewsAviva’s share buyback is a ‘real positive’ says UKGI boss
Financial information business confirms that the insurer’s ‘future capital adequacy and the overall financial health of the group won’t be dented’ by its plans
