Financial – Page 17
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IT InterviewLee Mooney: ‘Fear of failure’ inhibited RSA
The insurer is now working to improve by listening and acting on broker feedback, says commercial lines managing director
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NewsDramatic reinsurance price hikes ‘may need to be passed onto customers’
’Reinsurance that protects us as insurers has risen across the piece,’ says managing director
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NewsAverage motor insurance costs saw largest recorded year-on-year jump – Consumer Intelligence
Premiums decreased for under 25s, while costs increased significantly for those aged over 50
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NewsAqueous sets sights on SME dominance in wake of capacity deal
The deal represents “a new partnership that marks a major and important step on our journey,” says head of eTrade
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NewsWarning for London insurance market despite ‘stable’ rating issued
’Failure to prepare for risks could have capital implications,’ says rating agency
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NewsLloyd’s explains cautious 2023 COR projection despite strong performance
’I believe it’s better to give guidance that is really achievable,’ says chief financial officer
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NewsLloyd’s of London provides Blueprint II progress update after ‘great’ 2022
’2023 will be an important year for the delivery of Blueprint II,’ says chief executive
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News AnalysisTechTalk: Silicon Valley Bank collapse could see ‘contraction of capital’ – but for now it’s business as usual
There remains ’a massive amount of nervousness’ for some UK insurtechs, says chief executive
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LatestBallantyne Brokers completes buyout from parent company
Being ‘employee-owned means that we are ready to scale up,’ says chief operating officer
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NewsLloyd’s of London reports strong COR despite headwinds causing ‘substantial claims’
’Looking to 2023, we expect strong premium growth,’ says Lloyd’s chief executive
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NewsArdonagh Group’s ebitda grows by 22% in 2022
The group’s chief executive believes the group has now ‘topped out’ its initial business ‘vision’
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News AnalysisHardest reinsurance renewal market in years to create knock-on impacts
‘We expect underwriting to remain disciplined in light of strong Lloyd’s market oversight over market’s catastrophe exposure,’ says ratings director
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NewsRussell White: ‘Crucial year’ ahead after ‘tough’ reinsurance renewals
Peach Pi’s commercial distribution and trading director said 2023 has seen ’really tough reinsurance renewals for everybody’
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NewsCatch up on insurers’ full-year financial results for 2022/2023
Find out the details around insurers’ latest full-year financial results with this comprehensive round up
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NewsEcclesiastical COR falls despite receiving ‘large claims’ in 2022
Chief executive Mark Hews said 2022 had been a ’transformational year’
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NewsInsurtech sector ‘disappointed’ over spring budget’s partial reversal to R&D tax credit cuts
The rhetoric of wanting to make the UK a ’tech superpower’ still requires more substance, says software director
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NewsBank of England warns insurers of capital ‘uncertainty’ over climate risks
The regulator warned the ’uncertainty represents a risk appetite challenge for micro and macroprudential regulators’
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NewsOutlook for 2023 positive despite ‘turbulent insurance cycle’ – Admiral
The insurer remains disciplined in its approach and competitive says its chief exec
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NewsPricing ’ping pong’ could force those in poverty to sacrifice insurance – SMF
The research claims those on the lowest incomes ‘continue to pay more for being poor’
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NewsInsurtech sector breathes sigh of relief following SVB UK HSBC rescue deal
The government is ‘working urgently’ to limit the potential fallout, says UK prime minister
