Financial Ratings – Page 90
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News
Aviva's underlying earnings 'going backwards' says analyst
Aviva’s underlying earnings have been “going backwards” in recent years, according to Berenberg insurance analyst Trevor Moss. In a sell note issued on the insurer, Moss said Aviva’s profits have been “heavily flattered” by one-off restructuring benefits, which he said are unsustainable. “In our estimation, underlying ...
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CPP more than doubles underlying profit
Credit card insurer still aiming to get FCA restrictions lifted following 2012 mis-selling scandal
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Towergate at centre of Highbridge UK M&A plot
Private equity house’s acquisitions of majority stakes in Towergate, Price Forbes and now Broker Network are just the beginning
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Towergate to repay insurers as it exits upfront commission deals
Market needs Towergate as a ‘challenger’ to Aon and Marsh, chief executive says
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Towergate to sell majority of Broker Network to Highbridge for £46m
Deal part of £65m new funding plan
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Towergate sets aside £19.8m to compensate clients
Company set to compensate clients for financial advice by Towergate Financial unit
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Direct Line’s Geddes and Reizenstein to get 2.5% pay rise
Geddes took home £4.8m and Reizenstein £2.8m in 2015
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Watchstone top team to get bonus on sale of units or company
Chief executive Indro Mukerjee and two others to get retention bonus
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NFU Mutual GI arm reports 83.7% increase in profits
Insurer’s COR improved by 10 percentage points despite £50m bill from December storms
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JLT bosses take pay cut amid falling profits
Boss Burke still takes home multi-million pound package despite pay drop
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Flood Re gets A- rating from S&P
Ratings agency will downgrade scheme if UK insurers do not use it sufficiently
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S&P: Too-big-to-fail insurer rules face delays
2019 deadline for new capital standards is ‘overly aggressive’, said ratings agency
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Ecclesiastical profit rises 11% after strong underwriting results
UK and Ireland COR drops 3.6 points to 90.4%
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Insurance industry angry at Osborne's further IPT increase
Biba ‘astonished’ at Osborne’s second IPT rise; ABI says rise is ’disappointing’
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Fitch upgrades Ageas rating after legal settlement
Insurance group’s debt rating increased to A from A-
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L&G’s Holweger: Home insurance rate rises needed
Rivals not factoring long-term weather claims into pricing, insurer’s partnerships MD says
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IPT increase bad for consumers, neutral for Hastings, says CFO
Further tax increase would encourage clients to shop around more, says Hoskins