Financial – Page 40
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NewsAviva’s COR for UK and Ireland GI business worsens to 95.6% for 2022’s H1
The insurer attributes profitability dip to post-pandemic claims uptick and the occurrence of more severe weather events
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AnalysisMike Bruce: ‘We were in a great position before, but we’re in a better position now’
GRP’s recent purchase by American broker Brown and Brown will open the door for fresh M&A targets that the broker has not ’historically been able to make the maths work on in the past’
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NewsSwiss Re Institute warns of mixed impact from economic slowdown and high inflation
The UK insurance sector’s priority right now should be embracing ‘data and innovations’ to build an understanding of the factors that shape present and future risks, says divisional broker representative
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NewsRates ‘will need to increase’ to accommodate high inflation – Allianz Holdings
Amid predicted inflation increases and an impending recession, insurer boss has fears around underinsurance and incorrect indexation in the commercial market
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NewsPIB Group records 78% increase in adjusted ebitda for 2021
The intermediary consolidation business also grew its revenue by 52% over the course of last year
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NewsInsurtech funding still down year-on-year – Gallagher Re
Investors should look at insurtechs as an opportunity to ‘diversify their portfolios’, says global head of insurtech
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NewsAllianz Holdings’ operating profit falls 42% in H1 2022 due to motor uptick, inflation and storms
The insurer’s COR has also worsened, despite the business growing its total revenue by 5% in the first six months of the year and commercial lines GWP improving by 10%
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NewsRegulation and inflation ramp up van insurance costs by 13.6% in H1 2022 – Consumer Intelligence
Average premium prices are now at their highest point since the market research firm started collecting data in April 2014
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AnalysisBriefing: Hard times for DLG, Admiral and Sabre – what are the shareholder challenges?
Claims inflation has hit the motor insurance market hard, but what does this mean for the sector’s largest players and their shareholders?
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NewsAxa XL records 6% dip in H1 2022 revenue after cutting natural catastrophe reinsurance exposure
Insurer chief executive notes that the subsidiary still has the ability ‘to generate earnings totally in line with our objectives’
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NewsAxa’s UK and Ireland P&C revenue grows by 3% in H1 2022
The insurer’s group deputy chief executive additionally outlines two ‘headwinds’ impacting Axa’s group-wide P&C COR of 93.7%
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NewsHiscox results reflect mixed bag for H1 2022
The insurer’s underwriting result improved by 23.4%, despite conflict and nat cat driven losses
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NewsAxa launches €1bn share buyback following ‘very good performance’ in H1 2022
The new scheme will operate alongside the share buyback programme set to follow Axa Germany’s sale of its closed life and pensions portfolio
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NewsDirect Line Group sees profits tumble as ‘unique combination’ of factors impact market
The insurer has posted a loss ratio of 65.1% for H1 2022
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NewsUK insurance pricing moderates in Q2 2022 – Marsh
Pricing was most challenging for those with clients dealing with natural catastrophe exposures, for example
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IT InterviewAventum flaunts independent status to attract talent amid consolidation landscape
Wholesale broker and parent firm attribute ‘phenomenal growth’ to attracting the right talent and building ‘a really good culture’ based on steering clear of consolidation
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NewsAdmiral and Direct Line face double-whammy margin hit in 2022 – Bloomberg Intelligence
Regulation implementation and inflation pushing up claims’ costs are among the causes
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IT InterviewMGA Q&A: Brokers don’t receive a ‘computer says no’ response from MGAs – Touchstone Underwriting
Touchstone Underwriting’s managing director, Alan Roe, provides an overview of the factors impacting MGAs today and explains what his firm has been up to over the last 12 months
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NewsThe Clear Group grows ebitda by 76% in 2021
Group chief executive says latest financial results provide ‘an excellent base from which we can continue to deliver on our growth strategy’
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NewsInflation is surmountable with proper provision – Beazley
The specialist insurer has ensured it has sufficient amounts of reserve capital in place, to help it weather economic storms such as inflation
