Financial – Page 12
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News Analysis
Briefing: Insurers hope reinsurers do not break the bank in Monte Carlo
Behind the glamorous location, the view of many heading to the event is that this year it will be a case of the two c’s – climate and cyber
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News Analysis
How are insurers preparing for potential cost shocks of upcoming reinsurance renewals?
With 1 January 2023 renewals representing the most difficult cycle in decades, how are reinsurance buyers feeling about the prospect of yet more difficulty in 2024?
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News
Pen Underwriting announces new £100m capacity deal
’We can keep providing our brokers with the reassurance they look for,’ says managing director
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News Analysis
Has inflation been a ‘helpful correction’ for the UK motor sector?
’The only way to get a market correction is when there is something outside of the market’s control,’ says underwriting director
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News
Pen Underwriting inks deal with Open GI to expand distribution reach
’We have not only forged a strong partnership but generated real momentum,’ says chief executive
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News Analysis
In Focus: What makes the motor market hard to compete in – and could there be future exits?
’I can understand some of the reasons why people might see this as the right time to get out,’ says director of insurance pricing
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News
Insurance sector currently undergoing a ‘period of realism’ – Aviva’s Winslow
Aviva are ‘not seeing any indicators to suggest that customers are looking to buy less insurance or cover less,’ says UK chief executive
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News
Catch up on insurers’ half-year financial results for 2023
In July and August, insurers operating in the UKGI market have been publishing their half-year financial results for the first six months of 2023. Get the story on insurers’ balance sheets and factors driving the figures here…
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News
Sabre profits drop in H1 2023 despite rise in GWP
Chief executive says results are ’in line with our expectations and support our full year projection’
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News
Aviva increases GWP by 12% for H1 2023
Aviva grew UK premiums 11% in commercial lines, which it put down to ’strong rate and new business growth in mid-market and specialty lines’
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News
Admiral Group posts small COR rise amid ‘persistent high inflation’
However, the group improved its turnover and insurance revenue despite ’a challenging market’, says chief executive
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IT Interview
Steve Cowman Q&A: ‘Market competition a significant challenge’
’With the insurance landscape evolving rapidly, MGAs must differentiate themselves,’ says managing director
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News
Allianz ‘very much committed’ to personal lines motor broker channel despite ‘volatility’ – Colm Holmes
Allianz saw ‘inflation running at 11% in personal lines motor’ for the first half of 2023, says chief executive
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News
Kingfisher Insurance’s classic car brand launches scheme for VW enthusiasts
Partnerships director says scheme will ’best suits their needs and protects these popular cars on our roads for generations to come’
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News Analysis
Light at the end of the tunnel despite ‘muted’ insurtech series A funding for Q2
The insurtech sector is going through a ‘correction process,’ says Gallagher Re’s global head of insurtech
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News
QBE International improves COR and grows GWP by 18%
However, the QBE Insurance Group as a whole saw its COR increase by nearly four percentage points
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News
UK insurance sector bleeds more than £200bn yearly due to lost billable hours
’The lack of sufficient time recording, management and billing of hours worked by staff in insurance firms is having a large impact,’ says vice president
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News
Average price of motor premiums hit record high as cost of vehicle repairs surge
’These continue to be tough times for many motorists and motor insurers alike,’ says director
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News
Zurich’s EMEA P&C business reports profit slump during H1 2023
Zurich says it will continue ’to maintain a cautious approach to reserving to minimise volatility’
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News
Allianz Holdings reports UK revenue growth despite slight COR rise
’We’ve continued to see stubbornly high inflation,’ says chief executive