Financial – Page 31
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NewsArma Karma gets ‘stamp of approval’ as it seals £1.5m in funding round
The insurtech MGA now has several projects in the works
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NewsAviva Ventures to invest in ‘young digital and tech firms’ with new £150m cash injection
The business will first fund a London-based diagnostic imaging platform
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NewsUK business insolvencies set to rise in 2023 – Allianz Trade
’The UK faces a high risk of a prolonged upside trend in 2023,’ says report
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NewsThird Point chief executive mulls SiriusPoint privatisation
Billionaire investor Daniel Loeb believes SiriusPoint may be ’best positioned to execute on its turnaround strategy’ if it went private
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News AnalysisBriefing: Is mid-market consolidation coming to an end?
It is surely too soon to sound the death knell for broking M&A just yet, based on recent activity
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![acquisition three jigsaw]](https://d17mj6xr9uykrr.cloudfront.net/Pictures/100x67/5/9/5/96595_acquisitionthreejigsaw_905211.jpg)
News AnalysisStrong dollar provides no shortage of US M&A interest in UK insurance firms
Acquisitive brokers were asked if a strengthening dollar would see more US firms snap up companies in the UK
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NewsAviation reinsurance market could remain hard after ‘very large’ losses – Gallagher Specialty
’It’s likely that for the medium-term at least, a hard market for aviation reinsurance will persist,’ report says
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News AnalysisClimate trends drive ‘underwriting performance volatility’ – AM Best
This trend may impact reinsurance availability and costs, which insurers are already struggling with
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NewsReduced risk appetite for political violence amid increasingly ‘unpredictable’ landscape – Howden
Specialist insurance broker Howden says reinsurers have taken a financial hit in recent years
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NewsHeavy Consumer Duty investment among FCA priorities for coming year
In its business plan, the regulator says it will invest £5.3m in Consumer Duty to ensure it is ’embedded effectively’
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News‘Challenging’ 2022 for Esure as profit drops and COR increases
The insurer says it has ’not been immune’ from headwinds impacting profitability across the sector
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NewsBruce Stevenson’s chief executive to step down
His decision coincides with the broker reporting growth across the board
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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
