Financial – Page 26
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NewsInsurers warned as motor and building insurance complaints hit five-year high
’Where these complaints are driven by insurers delaying paying out on claims, that’s unacceptable,’ says chief executive
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NewsReinsurance sector undergoing ‘dynamic shift’ as it seeks opportunities in primary insurance – AM Best
‘It’s certainly one of those trends that is here to stay,’ says managing director for analytics
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NewsGeneral insurers’ profitability to lag behind cost of capital in 2023 – Swiss Re
‘The elevated risk landscape calls for more frequent adjustments to underwriting practices,’ says chief underwriting officer
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News AnalysisBriefing: All change at DLG, but can the insurer recapture stability?
Direct Line Group has seen its fair share of headlines of late, but does this mean the insurer is moving forward?
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NewsDirect Line Group posts COR of 106.4% for H1 2023
The insurer made an operating loss of £94.4m across the most recent period
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NewsVast majority of motor insureds worried about premium rises – ALA Insurance
’2023 will undoubtedly be tough for consumers and insurers alike,’ says head of UK general insurance
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NewsLloyd’s H1 2023 results swing back into profit
’These results set us up to deliver on our positive financial outlook for 2023,’ says chief executive
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NewsRSA agrees ‘transformative’ deal to acquire DLG’s commercial lines operations
The deal ’really turbo boosts our existing strategy for our broker proposition and our customer proposition in commercial,’ says chief executive
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NewsTravel insurance leads personal lines for potential growth
’This growth in annual travel insurance is reflective of a growing confidence and for many, a return to their normal calendar of travel,’ says chief executive officer
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NewsMotor insurance payouts surge faster than premiums in Q2 – ABI
’Motor insurers continue to deliver when motorists and personal injury claimants need them the most,’ says manager general insurance
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News AnalysisWhat is the most profitable line in UKGI?
Insurance DataLab analyses the top performing business lines in UK general insurance, exclusively for Insurance Times.
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NewsQuoted home insurance prices see record annual increase
’Many customers will be feeling the pinch in their household budgets,’ says senior insight analyst
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News AnalysisBriefing: 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 AnalysisHow 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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NewsPen 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 AnalysisHas 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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NewsPen 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 AnalysisIn 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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NewsInsurance 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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NewsCatch 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…
