Financial – Page 3
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NewsCatch up on insurers’ 2024 full-year financial results
Insurance Times rounds up all of the coverage around insurers’ full-year financial results for 2024, published in Q1 2025
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IT InterviewJason Storah: Aviva ‘ruthlessly consistent’ and ‘ruthlessly boring’ in delivering service promises
UK general insurance chief executive defined the insurer’s 2024 growth journey as ‘appropriate, consistent and disciplined’
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NewsOpen GI secures sales of £61.7m in latest financial year
’We look forward to continuing to innovate to support brokers and partners,’ says chief executive
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NewsAllianz UK increases revenue to £4.66bn in 2024
’Through improved technical expertise and pricing capabilities, we traded successfully in challenging markets,’ says chief executive
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NewsAxa reveals UK and Ireland personal lines growth slowed in 2024
The insurer says it saw the UK and Ireland personal lines market soften
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NewsHiscox UK posts ICWP of $864m for 2024
’The group has delivered another set of excellent results and a second consecutive year of record profits,’ says chief executive
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NewsAviva issues DLG update as it reveals UK&I GI premiums up 16%
Amanda Blanc says deal ’is a clear opportunity to accelerate our capital-light growth and deliver brilliant service to millions more customers’
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NewsPolaris reveals £449m in GWP traded through imarket in 2024
’Our technology suite is in a strong position and our latest results show how widespread the usage of our technology remains within the industry,’ says managing director
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IT InterviewGareth Hemming: Hiscox carrying ‘positive momentum’ on broker sentiment into 2025
’We’re clear on where we want to go in terms of strategy and growth, but we’re going to do it in a way that’s informed by broker feedback and input,’ says specialist insurer’s head of distribution
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NewsZurich UK boosts profits as P&C COR and GWP improves
’In the last 12 months, we’ve achieved excellent growth across all areas,’ says chief executive
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NewsMarsh adds new capacity to Fast Track facility
’The addition of the new capacity is a significant milestone in Fast Track’s evolution,’ says global head of placement
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News AnalysisMotor insurance affordability under pressure amid FCA scrutiny
As motor insurance premiums continue to squeeze household budgets, scrutiny from regulators and policymakers is intensifying. But with competing priorities and political setbacks, is real change on the horizon?
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NewsMotor premiums drop at record pace amid market competition
’The number of brands advertising price cut offers on price comparison websites has hit a new high,’ says insurance insight manager
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NewsDrone MGA secures capacity for new liability product
’As drones continue to revolutionise everything from agriculture to transportation, it’s clear that this booming sector demands forward-thinking, flexible insurance solutions,’ says managing director
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NewsUK car thefts down 4.5% in 2024 compared to 2023
’For the first time since the pandemic, the annual DVLA stolen vehicle figures contained some much-needed good news for both the public and the UK motor insurance industry,’ says technical director
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NewsMiller refreshes brand as broker secures revenues of £271m in 2024
’Our new brand is about putting clients at the absolute centre of everything we do,’ says chief executive
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NewsInsurance premium income forecast for steady growth over next three years
’The UK’s economic recovery is encouraging for both UK insurers and their customers,’ says insurance leader
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NewsStartup MGA expands offering to brokers as it looks to strengthen brand
’Our book is growing off the back of our willingness to run toward the risks that the rest of the industry won’t,’ says chief underwriting officer
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News AnalysisSurviving the soft market: The role of refinancing in broking
Refinancing is fast becoming a more central pillar of a broker’s operations, used as a tool to navigate soft market conditions, enable M&A or to facilitate strategic action plans
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News AnalysisCan the broker commission model survive regulatory headwinds?
’There’s a need for a makeover of percentage-based models where commission is unjustified, undisclosed and uncapped,’ says partner
