Financial Ratings – Page 7
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NewsAverage motor claim cost in Ireland rose 4% between 2018 and 2019
Compensation for litigated settlements in Ireland averaged €46,214 between 2015 and 2019, with legal fees coming to €23,409 for these cases
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NewsCoventry-based broker closed by FCA
The regulator ordered the firm to cease carrying out regulated activities under a client money order
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NewsRSA mulls multibillion pound consortium bid
The British insurer has been seen as an attractive acquisition target for some time
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![acquisition three jigsaw]](https://d17mj6xr9uykrr.cloudfront.net/Pictures/100x67/2/4/0/78240_acquisitionthreejigsaw_905211.jpg)
Online onlyGRP’s Yorkshire hub snaps up regional broker
Marshall Wooldridge announces its second deal in a matter of days
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NewsBrokers define hard market and struggling economy as their biggest concerns
Research by Aviva also signposts Brexit as the potential cause of an economic decline
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NewsBrightside sees EBITDA improvements in broking business
Placing IQED into run-off has impacted 2019’s financial figures, but the business’s broking activity is showing positive growth
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NewsBrightside puts MGA business Kitsune into run-off
MGA was unable to deliver the same level of returns that the core broking business did, Brightside chief executive tells Insurance Times
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NewsAXA reports €38bn revenue for P&C in last nine months
Both commercial and personal line results fluctuated due to the ongoing Covid-19 pandemic
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NewsFCA business interruption test case appeal date set by Supreme Court
Six insurers, the FCA and the Hiscox Action Group are appealing some parts of September’s High Court ruling
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NewsSainsbury’s mulls insurance exit
The grocer has reportedly been looking to sell its banking arm, which includes a range of insurance products
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NewsRate rises fuel premium income growth for Hiscox
The insurer also saw no further rises in its Covid-19 claims estimate
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News51% of SMEs cut back on business insurance policies amid pandemic – Premium Credit
Underinsurance is a major problem, with many cash strapped SMEs cutting back under the financial strain of the coronavirus-influenced recession
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NewsFCA issues public censure over Aviva’s preference share miscommunication
The insurer acknowledges that the event was a ‘disappointing episode’, but that ‘lessons have been learned’
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NewsNew sales surge 150% for Bought by Many amid Covid-19 pandemic
The insurtech will change its name for its Sweden territory only
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Online onlyFinancial advisor PI premiums skyrocket over past three years
Smaller firms hit hardest by rapidly rising PI rates
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NewsMinster Law continues ‘digital first’ transformation approaching April 2021 small claims portal
The firm’s chief exec says she will continue plans to ensure its footprint matches its digital first strategy
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NewsMinster Law’s profits slightly impacted by Covid-19 but results ‘a considerable achievement’
Despite the pandemic’s impact, the firm’s new partnerships and digital claims service points to long-term resilience
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Online onlyMoneysupermarket shares down 6% amid insurance difficulties
Aggregator hit by Covid impact, with travel significantly impacted
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News‘Nothing stopping’ resilience policy insurers paying out amid FCA test case ruling, says law firm
RSA has decided not to appeal the FCA test case ruling for its RSA4 resilience policies
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NewsGRP-backed Marshall Wooldridge buys farm insurance broker
The latest acquisition marks GRP’s third of the month
