Financial – Page 36
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NewsRomero Group ebitda grows 38% for 2022
The independent broker also posted turnover growth of 24% for the year
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NewsEconomic challenges temper marine underwriters’ performance – IUMI
Secretary general reveals that marine ‘underwriters are navigating some highly complex issues’, despite ‘another positive year’ overall for marine insurers in 2021
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NewsCII reduces median gender and ethnicity pay gaps
However, a higher mean gender pay gap indicates that the CII’s ‘data is skewed’, according to HR director
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News AnalysisIn Focus: How can the insurance sector demonstrate the downsides of opportunistic fraud to end consumers?
Industry experts discuss the impact of low level fraud on end consumers and how best to communicate the resultant ramifications
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NewsManyPets hits £216m GWP in year to 31 March 2022
The MGA has invested in improving its claims journey for customers
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NewsDeteriorating outlook for UK insurers as inflation bites – Fitch Ratings
The UK insurance market is facing a deteriorating outlook for the year ahead as inflation and pricing rules weigh heavy on the market’s performance
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News AnalysisLoss adjusters must use ‘skill’ to ensure sums insured are correct amid inflationary pressures
Inflation has driven up the cost of building materials, impacting the claims sector – but loss adjusters have a key communications role to play to mitigate underinsurance
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NewsHome insurance premiums drop 7.9% in last six months – Consumer Intelligence
But London remains the most expensive region to buy home cover, with premiums still increasing compared to price drops across the rest of the UK
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IT Awards 2022Insurance Times Awards 2022: Premium Credit wants to create ‘opportunities through convenient payments’
Owen Thomas, chief sales officer at Premium Credit, tells Insurance Times why the firm deserves to win the Business Partner of the Year category at the 2022 Insurance Times Awards
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News AnalysisBriefing: Autumn Statement is not all good news for insurers
Insurers with international operations or that work from the London market may face an uphill struggle when it comes to implementing the government’s new Solvency II requirements
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NewsInsurance M&A hits record but inflation will impact future appetite – FTI Consulting
Year-on-year transaction volumes fell during Q3 this year, says new report
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NewsUK government sets out final reform plan for Solvency II
The chancellor has confirmed that the risk margin for general insurance businesses will be lowered by 30%
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NewsCapacity for MGAs is ‘challenging’ as traditional avenues are ‘being more selective’
Trade association boss says capacity ‘crunch’ descriptor is ‘over the top’ - but ‘challenging’ is a more accurate way to explain the current lay of the land
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News AnalysisBriefing: ‘Inflation is not fundamentally bad for the industry’ despite uptick to 11.1%
But factoring claims inflation into premiums could impact insurers’ profitability in the short term, says head of market intelligence
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NewsNew capital ‘lining up’ to support MGAs – Conning
Private equity investment also continues to be strong, says director of insurance research
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NewsOndo revenue hits £1m for H1 2022
The first set of results for the insurtech as a public company after it filed an IPO earlier in March this year.
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NewsSend closes Series A funding round after £9m raised
The firm intends to accelerate its growth in the UK and US, it said a statement
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NewsBeazley posts GWP of £3.4bn for first nine months of 2022
The specialist insurer’s cyber line also saw GWP growth of 66%
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NewsDirect Line delivers strong growth in commercial lines despite home and motor slump
Penny James, the insurer’s chief exec says inflation is ‘developing in line with expectations’
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NewsDirect Line to launch basic car insurance policy as premiums dip 8.9%
The new product will be launched in Q4
