Financial Ratings – Page 82
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NewsTulloch: Flood Re saving Aviva clients £500 on average
Insurer has ceded 3,500 policies to affordable flood cover scheme so far
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NewsHester: Brexit is a net positive for RSA
Chief executive explains how insurer is insulated from Brexit effects
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NewsBlanc: AXA is investing to tackle brokered motor profitability
Chief executive outlines plans to deal with challenging business line
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NewsDirect Line committed to partnerships despite deal losses
Chief executive plays down loss of partnership deals
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NewsAXA’s Blanc warns of brokered personal lines pressure
AXA UK and Ireland chief executive Amanda Blanc has highlighted brokered personal lines as a pressure point in her company’s first-half results. Blanc said in a statement accompanying the results that although AXA UK and Ireland’s underwriting profitability was improving overall, the company was facing “some ...
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NewsAXA UK and Ireland profit rises 8% despite “strong headwinds”
AXA UK and Ireland made an underlying profit of £138m in the first half of 2016, up 8% on the £128m it made in the same period last year. The improvement came despite the company facing what chief executive Amanda Blanc described as “strong headwinds”. General insurance ...
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NewsAIG first-half profit down 59% but second quarter improves
Profit rose to $1.9bn in second quarter
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NewsDirect Line extends RBS home deal but travel faces review
Home deal will now run until October 2020
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NewsERS focusing on smaller brokers to improve underwriting
Dealing with smaller brokers can help commission and loss ratios, finance chief says
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NewsSurprise Brexit gains help boost ERS first-half profit
Lloyd’s motor insurer reports £7.3m profit
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NewsAon broking profit rises 16% in first half
Aon’s broking division made an operating profit of $802m (£608m) in the first half of 2016, up 16% on the £691m it made in the same period last year. Revenue at the division, Risk Solutions, was flat at $3.7bn, but the profit was boosted by a ...
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NewsBrit profit almost triples as investment revamp pays off
Brit’s first-half profit nearly tripled as last year’s decision to invest more in government bonds paid off. The Lloyd’s insurer and reinsurer made an operating profit of $198.5m (£151m) in the first half of 2016, up 180% on the $70.9m it made in the same period ...
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NewsBiba renews call for telematics IPT break as rates jump
Call comes after Q2 spike in motor premiums
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Online onlySwiss Re slumps to underwriting loss as cat claims bite
New chief executive explains why world’s largest reinsurer had challenges in second quarter results
