Financial Ratings – Page 92
-
NewsMoneysupermarket profits up sharply while insurance slips
Insurance revenues still down year-on-year but trend is improving
-
NewsJLT could cut 10% of UK employee benefits staff in restructure
Unit employed 1,700 people at end of 2015
-
-
NewsJLT suffers 7% profit drop after employee benefits ‘challenges’
But broking division beats rivals on organic growth again
-
NewsS&G to cut UK offices and jobs after huge Quindell unit hit
Goodwill write-down from acquired business pushes law firm to £492m loss
-
NewsDirect Line loses Sainsbury’s home and motor contract
Sainsbury’s and Nationwide deals combined were worth £266m of GWP
-
NewsDirect Line profit up 11% despite £130m storm claims hit
But commercial business slips back into underwriting loss
-
NewsSwinton to close 130 high-street branches as part of restructure
Broker will also create new Greater Manchester contact centre
-
NewsHiscox sets up MGA for UK business outside its appetite
Lloyd’s insurer grew UK and Ireland GWP by 1.9% in 2015
-
NewsCooper Gay credit rating boost after US disposal announcement
Standard & Poor’s removes broking group from creditwatch and raised ratings
-
Online onlyZurich’s new boss must fix years of 'deep-rooted problems'
Problems with large losses been going on for nearly a decade
-
-
-
NewsRSA Group post-tax profits jump threefold
RSA’s core group combined operating ratio improved by 2.8 percentage points to 96%, despite the December weather storms
-
-
NewsCooper Gay sells North American business for £358m
Deal excludes Canadian MGA Creechurch Underwriters
-
NewsRSA to focus on underwriting rather than price increases
Stephen Hester says since Zurich ended discussions to buy RSA the insurer has not received any other approaches
-
NewsAXA UK puts storm bill at £80m as it reports improved profit and COR
97.1% COR bolstered by £39m of reserve releases
-
NewsRSA UK underwriting profit rises threefold despite £134m storm claims bill
COR improves to 99.5% but personal motor came in at 107.8%
-
NewsAllianz reportedly puts S Korean life business up for sale
Sale could raise $500m as company concentrates on core businesses
