Financial – Page 32
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LatestBallantyne Brokers completes buyout from parent company
Being ‘employee-owned means that we are ready to scale up,’ says chief operating officer
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NewsLloyd’s of London reports strong COR despite headwinds causing ‘substantial claims’
’Looking to 2023, we expect strong premium growth,’ says Lloyd’s chief executive
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NewsArdonagh Group’s ebitda grows by 22% in 2022
The group’s chief executive believes the group has now ‘topped out’ its initial business ‘vision’
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News AnalysisHardest reinsurance renewal market in years to create knock-on impacts
‘We expect underwriting to remain disciplined in light of strong Lloyd’s market oversight over market’s catastrophe exposure,’ says ratings director
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NewsRussell White: ‘Crucial year’ ahead after ‘tough’ reinsurance renewals
Peach Pi’s commercial distribution and trading director said 2023 has seen ’really tough reinsurance renewals for everybody’
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NewsCatch up on insurers’ full-year financial results for 2022/2023
Find out the details around insurers’ latest full-year financial results with this comprehensive round up
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NewsEcclesiastical COR falls despite receiving ‘large claims’ in 2022
Chief executive Mark Hews said 2022 had been a ’transformational year’
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NewsInsurtech sector ‘disappointed’ over spring budget’s partial reversal to R&D tax credit cuts
The rhetoric of wanting to make the UK a ’tech superpower’ still requires more substance, says software director
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NewsBank of England warns insurers of capital ‘uncertainty’ over climate risks
The regulator warned the ’uncertainty represents a risk appetite challenge for micro and macroprudential regulators’
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NewsOutlook for 2023 positive despite ‘turbulent insurance cycle’ – Admiral
The insurer remains disciplined in its approach and competitive says its chief exec
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NewsPricing ’ping pong’ could force those in poverty to sacrifice insurance – SMF
The research claims those on the lowest incomes ‘continue to pay more for being poor’
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NewsInsurtech sector breathes sigh of relief following SVB UK HSBC rescue deal
The government is ‘working urgently’ to limit the potential fallout, says UK prime minister
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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
