Financial Ratings – Page 112
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UK motor premium drops by £400m as profitability improves
But industry COR still running at 101% and unlikely to get better, says Deloitte
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Ageas Insurance assigned A- rating from S&P
Full rating follows Ageas’s decision to undertake reviews with ratings agencies after S&P stopped offering unsolicited ‘pi’ ratings
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Capital rich Zurich has $3bn spare for large acquisition
Swiss insurer expects large treasure chest of excess capital by end of next year
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Hastings feels 'white heat of competition' daily, says boss
Insurer changed prices more than once a day in March
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Hastings premium surges by a quarter over Q1
Customer numbers have now reached 1.8 million at the insurer
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Broker Network to unveil detailed loss ratios to tempt insurers
Insurer director Dene Smith said new information will help network negotiate better terms for members
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S&P questions Pinnacle’s strategy as losses continue
Rating agency cuts insurer’s rating outlook to negative over concerns about business model
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Allianz’s Dye: Commercial competition rising across the board
Rivals are cutting rates and broadening terms and conditions, says chief executive
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Allianz UK grows profit and GWP in first quarter
Insurer extends Sainsbury’s pet deal and plans to launch fourth mid-corporate product this month
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PRA chief: UK insurers need more time on Solvency II
Andrew Bailey says implementing capital rules is his biggest task this year
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Biba 2015: Biba grants smaller members free access to S&P ratings
Facility open to brokers with fewer than 200 employees
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Integro buys Lloyd’s broker Kite Warren & Wilson
US broker snaps up London-based marine specialist
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Biba 2015: Bluefin buys Cheshire broker Bennett Fozzard
Broking group makes its first acquisition of 2015
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Biba 2015: SME commercial vehicle rates drop 10% in Q1
Fall pushes total SME premiums down 6.5%, according to Biba/Acturis index
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Allianz group GI profits fall as nat cats hit underwriting ratio
General insurance profits down 13.7%
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Hiscox Q1 performance spurred on by London Market growth
Insurer reports 12.1% growth in GWP over UK retail and London Market business
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Beaumonts expected to add £7m to Jelf income in 2015
Group chief executive Alex Alway said broker was interested in bolt-on acquisitions and team hires