Financial
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NewsBroker established in 1887 transitions to employee ownership trust
’Becoming an EOT allows us to preserve our independence while ensuring our dedicated colleagues have a direct stake in future success,’ says managing director
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NewsCost of extreme weather and natural disasters around £1.55tn in last decade
‘Addressing the escalating costs of extreme weather and natural catastrophes requires collective and immediate action,’ says chief executive
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NewsUKGI industry to reach £113bn by 2029, forecast says
’The sector anticipates steady growth but must adapt to emerging risks and consumer demands,’ says senior analyst
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NewsGlobal commercial insurance rates fall for third consecutive quarter – Marsh
‘We expect the overall trend to continue and for insurer competition to intensify, barring unforeseen changes in conditions,’ says global placement president
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NewsInsurance premium tax windfall sets record high for Treasury
‘The full-year IPT receipts to March 2025 indicate another significant increase for the chancellor,’ says senior actuarial director
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News AnalysisBriefing: Is Lloyd’s ‘undervalued’ as an investment opportunity?
Research indicates that investment capital could be well homed within Lloyd’s and the London market – could syndicates snap up M&A spend?
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NewsFY 2024 financials prove Covéa ‘made the right decision’ with strategy focuses – Georges de Macedo
Although chief executive ‘will not say that our profit is exceptional in absolute terms’ for last year, the insurer’s journey into profitability demonstrates that five pillar strategy is yielding results
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News AnalysisWhat are brokers most concerned about in 2025?
Key issues on brokers’ minds this year include price rises and the political climate, according to exclusive research from Insurance Times
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NewsPet insurance premiums continue to rise
‘This month’s figures highlight the nuanced nature of pet insurance pricing,’ says product manager
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NewsAllianz UK focuses on ‘balance between volume and margin’ to weather cyclical market storm
Inflation and the transition from a hard to soft market in UKGI has impacted insurers’ full-year 2024 results – but insurer chief executive emphasises the importance of disciplined underwriting in managing market cycles
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NewsLloyd’s broker inks deal to launch new motor trade platform
’This platform reflects our continued investment in digital innovation and broker experience,’ says chief executive
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NewsCovéa swings back to profit but GWP drops
These results come in the middle of the insurer executing its three-year strategic plan
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NewsAddept enters LEI market as capacity deal announced
’It is a market that has experienced challenges, ranging from a lack of customer understanding around the product, to the regulator’s focus on fair value and low levels of utilisation,’ says managing director
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NewsMGA expands combined liability coverage to include contractors
’It makes sense to broaden our horizons and to complement our core engineering products,’ says underwriter
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NewsAcorn Group grows GWP by 41% in 2024 as COR remains below 90%
’We’ve seen strong growth across all key lines, driven by smart underwriting, advanced pricing and a deep understanding of our customers’ needs,’ says chief executive
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NewsAventum-owned MGA secures five-year capacity deal with Allianz
’I strongly believe that the strengths of our organisations complement each other and will benefit both parties greatly,’ says chief executive
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NewsDeal-linked Esure posts profit of £57.7m for 2024
’We have strengthened the business with a focus on optimising customer experience on our new platform and expanding our product offering,’ says chief executive
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NewsMGA secures Hiscox capacity for non-standard household products
’The addition of its A-rated capacity and expertise allows us to provide brokers with robust cover options for their clients,’ says managing director
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News AnalysisIn Focus: Was Gap insurance ‘unfairly targeted’ by the FCA?
’The way [the FCA has] gone about it, closing down an entire market, is unheard of,’ says managing director
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NewsLV= announces £29m in member bonuses following 2024 result
’As a mutual, members come first,’ says chief executive
