Financial – Page 2
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News AnalysisBroker schemes data shows overarching commission growth stutter
‘The latest set of data presents a mixed bag,’ says SchemeServe chief executive
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NewsMotor market currently ‘at about the softest point in the cycle’ – Geoff Carter
‘Our view is that the market is substantially underpriced on new business at the moment – the pendulum has swung too far,’ says chief executive
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NewsMotorists see biggest annual fall in car insurance premiums since 2014
The trend has been largely driven by ‘easing claims inflation and frequency’
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NewsEcclesiastical boosts underwriting profit in 2024 due to ‘low year for claims’
’We intend to keep up the momentum in 2025, delivering brilliant service, driving sales growth and continuing to invest in our capabilities,’ says chief executive
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NewsAventum-owned MGA secures new capacity as it continues to grow portfolio
’The agreement further strengthens our ability to offer clients comprehensive, world-class coverage,’ says underwriter
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NewsMS Amlin posts underwriting profit growth in full-year financial results
‘This performance reflects the fact that MS Amlin is able to deliver strong results, year after year,’ says chief executive
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NewsSabre posts COR of 84.2% for 2024
’We grew strongly in the first half of the year when market conditions were attractive and we maintained our strict underwriting discipline despite a steep decline in market prices during the second half,’ says chief executive
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NewsBrown and Brown-owned MGA secures new £250m capacity deal with Zurich UK
Zurich UK says the deal is an important part of its retail growth strategy
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NewsJensten launches new broker network
’We know just what it takes to support our network members throughout the lifecycle of their brokerage journeys,’ says network director
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News AnalysisSolicitors secure premium benefits as professional indemnity market stabilises
Although the majority of legal professionals are now enjoying ‘favourable’ PI premiums, ‘smaller firms and firms doing property work still face challenges’ finding affordable cover
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NewsProbitas announces ‘best ever result’ after Aviva acquisition
’With Aviva’s scale and capabilities, we are extremely well positioned for continued success as we move into 2025,’ says chief executive
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NewsPet insurance premiums see modest rise
’The steady rise in pet insurance premiums in February marks a shift from the more pronounced declines we saw last year,’ says product manager
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News AnalysisOpinion: Soft market set to showcase true service standards
Although soft market conditions may make it easier to place risks thanks to confident capacity, challenges remain around broker income and getting clients to trust such fluctuating premium price points
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NewsLloyd’s reports 2024 underwriting profit drop as COR increases
However, the marketplace also revealed that GWP increased 6.5% year-on-year
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News AnalysisThe Big Question: How can insurance firms stay competitive and differentiate themselves in a soft market?
As softening market rates proliferate, Insurance Times quizzes industry experts on how firms can stay ahead of the pack amid premium price dips
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NewsThousands of Admiral staff to receive share bonuses worth up to £3,600
’I would like to thank Admiral colleagues for their ongoing commitment,’ says chair
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NewsAdmiral celebrates ‘remarkable’ 2024 with 90% uptick in group profit before tax
The personal lines insurer generated £4.78bn in insurance revenue last year, alongside a 19% growth in UK insurance customers
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News AnalysisInsurer gender pay gap reports flag senior staff imbalance and part-time job problem
Median gender pay gaps across the UK’s largest insurers are higher than the national average – but how are these firms seeking to improve pay parity?
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NewsHome premiums drop for third consecutive month
’The continued decline in home insurance premiums is a welcome relief for policyholders after a period of sustained inflation,’ says product manager
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NewsWinslow’s Aviva statement as DLG delivers £395m increase in ongoing operating profit
’The turnround strategy, launched in July, has made a marked difference to the company’s performance,’ says chief executive
