Financial – Page 45
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NewsKGM Underwriting Services signs acquisition deal with motor MGA
The new partner’s chief executive has known the KGM business and its directors for over 20 years
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AnalysisBriefing: Why property insurance commission is so controversial
The storm over property insurance could lead to full-blown commission disclosure debacle
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NewsLloyd’s boss John Neal addresses Atrium scandal
Neal made clear that ‘zero tolerance is the only answer’ for bad behaviour
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NewsLloyd's of London assembles committee to discuss Russia-Ukraine ramifications
Lloyd’s has assembled a gold and silver team to help it deal with the ongoing conflict between Russia and Ukraine
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NewsLloyd’s of London names inflation its ‘second biggest challenge’
Inflation is rising but it will not be a huge problem for insurers if they are proactive says chief financial officer
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NewsLloyd’s of London brands ongoing Russia-Ukraine conflict a ‘major loss’
Lloyd’s boss admits some claims could take years to settle but believes that the marketplace is in a strong position to withstand this
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NewsLloyd’s returns to profit with £2.3bn in full-year 2021 results
£2.9bn was paid to customers impacted by Covid-19
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NewsSaga’s retail broking arm reports 3% GWP dip for 2021
Chief executive says Saga’s insurance business delivered a ‘robust performance’ in the last year
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NewsRestructure sees MS Amlin Underwriting swing back to profit
The results are ‘tangible evidence’ that strategic changes made are ‘starting to bear fruit’, says chief executive
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NewsThe Ardonagh Group reports adjusted ebitda growth of 42.4% for 2021
The broker’s income also reached £945.8m last year
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NewsSabre records small GWP decrease for 2021 amid ‘high levels of claims inflation’
The insurer’s COR also saw a slight raise last year, albeit within its targeted range
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NewsOndo becomes first insurtech to make IPO in UK following purchase
The escape of water insurtech formerly known as LeakBot aims to lead the revolution towards sustainable risk reduction by scaling up its product globally
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NewsEcclesiastical reports pre-tax profit despite slight COR increase
Despite the UK ’still living with Covid-19’, the insurer believes it has had ’an outstanding year’ in 2021
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AnalysisBroker M&A hit record levels in 2021 – but how are the consolidators faring?
Exclusively in Insurance Times, insight firm Insurance DataLab unpicks the financials of broking’s three largest consolidators to see how M&A is driving financial performance
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NewsMinster Law to offer brokers claims service that is ‘bothered’ about protecting indemnity spend
Chief executive reveals that law firm is ‘absolutely exploring’ how to support smaller brokers with claims
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AnalysisBriefing: Ukraine war aggravates claims inflation headache for insurers
Claims inflation was already biting, but now the consequences of the Russia-Ukraine war will add further pressure
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NewsInigo’s GWP hits $411m in first year of trading
Despite 2021 being the ’fourth most costly natural catastrophe year on record,’ its chief executive is confident of Inigo being profitable
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NewsTribunal hits Reich Insurance with forced commission disclosure order
The order follows FCA warnings on the need for ‘fairness and transparency’ around broker fees and commissions
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IT InterviewSelling commercial arm enables Ageas UK ‘to do exactly what we intend’ in personal lines market
The insurer’s chief executive believes ‘average just isn’t good enough’
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AnalysisIn Focus: Solvency II reform comes under scrutiny despite potential cost saving
Many industry commentators see post-Brexit Solvency II reform as an ’opportunity’ for insurers and shareholders, but could it leave policyholders paying higher prices? Insurance Times investigates…
