Financial – Page 18
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NewsWeather events batter Direct Line’s 2022 operating profit
Acting chief executive Jon Greenwood said 2022 was a ‘tough year’
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NewsLloyd’s chief of markets adamant that ‘strong’ market conditions present ‘a lot of opportunities’
The marketplace says it expects current conditions to put ‘upward pressure on profitability, not GWP’
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NewsAre more businesses choosing to go down the self-insurance route?
Sense Consortium’s president believes insurers could ‘suddenly wake-up’ to less business
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NewsAdmiral Group’s share price plunges by 7.2% following 2022’s full-year results
The insurer still rewarded its staff with free shares, despite cutting its dividend
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NewsAviva’s ‘simple and nimble’ approach helped COR performance
The insurer says it has been ‘working hard on its efficiency’
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News AnalysisOpinion: M&A fuels record aggregate brokerage growth
Last year’s private equity investments and broker consolidation caused hikes in aggregate brokerage across this year’s top 50 brokers – but will this be repeated in 2023?
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NewsCredit and political risk insurance market sees rise in capacity – WTW
The increase indicates ‘confidence’ and ‘stability’ in a market that has experienced global economic uncertainty, says head of broking
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NewsAviva UK GI posts small rise in COR as ‘challenging market conditions’ bite
The insurer’s GWP also saw an uptick across last year
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NewsLloyd’s set to improve COR despite expected investment loss in 2022
The marketplace’s underwriting performance from 2022 is ‘as good as Lloyd’s has reported in recent memory’, its chief executive said.
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NewsAdmiral Group posts COR of 101.7% for 2022
The insurer’s group chief executive says she is ’proud of the agility and adaptability that Admiral demonstrated’ in 2022
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NewsHiscox looks for positives in profit slump as investments take a hit
‘We delivered the strongest underwriting result in seven years,’ says group chief executive
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News AnalysisMGAs have a bright future in UKGI
Insurance DataLab pulls apart findings from Insurance Times’ Five Star Rating Report: MGA market 2022/23 and its own MGA performance report to uncover why MGAs are seeing so much success with brokers
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NewsBrokerFest 2023: The peaks and troughs of insurtech investment
Quarterly insurtech funding fell to a record low in Q4 2022. The landscape for startups, however, is not so dull
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NewsBrokerFest 2023: Clarity and focus key to navigating economic headwinds
Those firms without a clear purpose will find the market ‘a harder place’, says partner
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NewsBrokerFest 2023: Cost of living crisis boosts premium finance popularity
Brokers must provide clients with ‘every available option’ to pay for premiums, says senior account manager
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NewsAxa reports 4% hike in earnings
Gross revenues also rose by 7% across the group, said a statement
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News AnalysisTrillion wide trade finance gap causes ‘challenging environment’ for insurers and SMEs
To address this, trade finance firms and trade credit insurers will need to act together
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NewsABI urges industry to seize opportunities from current challenges in new strategy
The trade association believes the insurance ‘sector has a huge opportunity to work together to drive change’
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NewsInsurance salaries struggling to keep up with inflation
Insurance risk manager salaries were up in London, while claims managers’ average salaries fell
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NewsTiming of car insurance renewal alters premium costs ‘significantly’ – Forbes Advisor
Changes in costs can be due to issues of timing or risk, says motor insurance spokesperson
