All Financial articles
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Latest NewsGefion liquidators revealed after unrated insurer's licence revoked
Chief executive Tonny Anker-Svendsen said the Covid-19 crisis had hampered efforts at raising additional capital
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Latest News
Ardonagh buys Arachas and Bravo Group as it completes £2bn debt raise
The independent broker bought the two businesses for a combined value of £550m
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Latest News
Pen extends construction capacity deal with CNA Hardy
The deal sees CNA Hardy becoming to the sole capacity provider for Pen’s modular construction policies
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Latest News
Trade associations report high engagement with GPAPs around dual pricing
Biba’s chief executive said the voluntary measures are ‘benefiting home and motor customers’
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Latest News
Insurtech honcho in final stage of capital investment raise
Durham-based reverse comparison auction insurtech honcho is in the final stages of its 2019-2020 £2.25m investment raise.
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PIB Group reports a 50% improvement on its adjusted EBITDA between 2018 and 2019
The broker’s chief financial officer says ‘we have carved ourselves a unique position in the market’
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Zurich offers full refund to single trip travel customers hit by Covid cancellation
Customers who haven’t claimed should be able to get a full refund
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Covid crisis fails to dent Jensten M&A appetite
The broker group plans several more acquisitions this year
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Lemonade valued at $1.6bn ahead of IPO
But this still leaves Lemonade with a valuation lower than the $2bn investors valued the company at last year
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Post-Covid world promises productivity revolution
Simply measuring ’bum-on-seat’ time will no longer suffice in the post-lockdown working world
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Latest News
Wimbledon boss confirms the championship will not have pandemic insurance in 2021
The All England Lawn Tennis Club warns that although pandemic insurance has protected the Wimbledon tennis championship this year, finding pandemic insurance for 2021 is likley to be ‘impossible’…
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Latest News
Markerstudy confirms that board directors have taken a 50% pay cut
Markerstudy announces its latest step to stay afloat while battling the financial fallout of the Covid-19 pandemic.
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News Analysis
Ardonagh downgraded following £2bn refinancing deal
But rating agency Fitch says it expects the broking group to continue to improve its EBITDA margin amidst the potential for increased cost savings as a result of its latest round of acquisitions, as well as a return to ’healthy’ free cash flow
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Latest News
Ardonagh tops debt above £1.8bn amid new M&A hunger
The broker also announced £300m in finance for its acquisition pipeline
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UK personal lines market set for significant shrinkage following Covid-19
And the GlobalData research predicts it will take until 2022 for the market to recover lost GWP
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Covid-19 hits Saga’s travel insurance sales but motor and home retention improves
The business has also sold 533,000 three-year fixed-price policies, with more than 60% of direct new business customers choosing this product
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Latest News
Former RSA Ireland chief financial officer disqualified and fined €70,000 for under-reserving breach
The regulator’s investigation found that the senior leader had been involved in the insurer understating its claim reserve estimates by €29m
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Latest News
White confirms Pukka to hand in Gibraltar licence at end of July
The move was designed to ‘rationalise the cost base’ of the business
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Latest News
Home insurance market set to contract by 1.4% as a result of Covid-19
Data and analytics firm predicts that gross written premiums within the UK home insurance market will drop to £5,935 in four years’ time
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Latest News
More than a third of EMEA insurers face negative ratings action due to Covid-19
The ratings agency reviewed its portfolio as a result of the crisis, resulting in ratings actions being taken against 84 insurance groups , with downgrades accounting for 12% of actions
