Financial – Page 44
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NewsDirect Line’s premiums slide by 2.4% during Q1 2022
The group put the hit to GWP down to the FCA’s pricing reform, but trading was ’broadly in line’ with its expectations
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NewsWTW suffers $138m financial hit on Russian business exit
The broker saw a 3% dip in its revenue compared to the same period last year as a result
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NewsGallagher reports 14% UK organic growth for Q1 2022
The broker estimates sanctions and its compliance with them will adversely impact its full year 2022 brokerage segment annual revenues by up to $10m
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NewsGlobal insurtech funding for Q1 2022 hits $2.2bn – Gallagher Re
Q1 2022 saw the highest ever-recorded participation of early-stage investment
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NewsUK cyber insurance pricing up by 102% – Marsh
The Russia-Ukraine war has put pressure on the insurance market
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AnalysisTechTalk: UK insurtechs to capitalise on US opportunities post-pandemic
Insurance Times explores why the US remains the ’most attractive global destination for UK insurtechs’
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NewsBank of England launches Solvency II survey to explore cost compliance
Insurance firms have until the 27 May to respond with the Bank of England recommending that UK firms participate
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AnalysisWhen it comes to financial performance, does bigger really mean better?
Insurance DataLab reveals the preliminary findings of its 2022 Broker Performance Report exclusively in Insurance Times, rating the performance of different sized brokers based on their financial performance
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NewsScottish broker to strike £15m record turnover
The broker is keen to expand by putting talent and ’real honesty’ at the heart of its business
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NewsGRP’s County Group expands Welsh portfolio
County’s chief executive says the firm is looking to expand its market presence in Wales and the Northwest
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NewsInsurtech backer Tech Nation to apply for new funding
The new grant funding competition will open in Summer 2022
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NewsCar insurance insurtech raises £1.8m in seed funding
The investment means that the business is ‘well on the way’ regarding its mission ‘to challenge the status quo’ and ‘turn insurance on its head’, says chief executive
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NewsSpace insurance blasting off
New data shows continued growth and opportunities for the UK’s space insurance sector
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NewsIrish-owned ReSure bought by US-headquartered broker
ReSure’s managing director says it has found a ’likeminded partner with shared values’
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NewsCredit ratings agency retains ‘negative outlook’ on UK’s non-life insurance sector
Factors such as general inflation, increased claims costs and flood risk have contributed to the negative rating
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AnalysisAdmiral’s stock market dip - how serious is it?
The Cardiff-based insurer’s share price plunged by 15% last month as a result of profit concerns
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NewsBroadway Insurance Brokers’ GWP on track after almost doubling assets to nearly £1bn
The broker’s chief executive says that the firm is ’significantly ahead’ of where it expected to be
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AnalysisInsurance sector can no longer turn ‘a blind eye’ to property cover commission impact on leaseholders
Industry experts and campaigners feel the FCA is not doing enough to protect leaseholders from opaque commission practices in property insurance
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NewsJensten Group enacts ‘transformation programme’ in preparation for further growth
By streamlining the organisation, newly acquired businesses can be ’neatly dropped’ into the group, says chief executive
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NewsWoodgate and Clark buys specialist media and entertainment adjuster
All staff will move to Woodgate and Clark but the brand will remain the same following the deal
