Financial – Page 55
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NewsAllianz Holdings GWP dips across all business areas in 2021’s H1
The insurer says it is still grappling with the ramifications of the Covid-19 pandemic – for example, it has made payments on 87% of its accepted business interruption claims
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NewsRSA reports loss for first half of 2021
The insurer admits it is in a transitional period following Intact and Tryg takeover
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NewsHiscox continues to take action on cyber products following ransomware surge
Human error is the ’biggest vulnerability’ when it comes to cyber attacks, says the insurer
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NewsHastings Group records profit before tax of £76m for 2021’s H1
Live customer policies have improved 4% year-on-year to reach 3.1 million by the end of June
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NewsLegal and General boosts dividend after operating profits total £1,079m in H1 2021
The insurer will be returning £309m to its shareholders in September
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NewsDirect Line completes ‘heavy lifting’ of technology transformation
The insurer’s chief exec says transformation is ‘not just about tech’, but pairing it with the right cultural mindset
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NewsDirect Line’s profits return following pandemic-stricken motor market hit
Its gross income from car insurance premiums fell by 6.2% in the first half of 2021 due to fewer cars on the road, yet chief exec says the firm is ’entering the second half of the year with ambition and confidence’
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NewsHiscox boosts profit in first half of 2021
Chief executive confirms that nearly 4,000 full and final or interim BI claims payments have been paid as at the end of July
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NewsThe Clear Group reports £28m revenue for 2020 thanks to acquisitions
The broker reveals plans to expand into ‘new markets for insurance’
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NewsAxa’s ‘P&C profitability bounced back’ in 2021’s H1
Group chief executive is ‘confident about the future’ of subsidiary Axa XL, which has been a key driver of financial success in the first half of the year
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NewsGallagher reports £2.1bn revenue rise for broker segment
Gallagher’s Matson says the broker looks forward to ‘continued growth’
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NewsBrit Insurance sees GWP increase by 14.2% amid Covid uncertainty
Brit’s group chief exec says Ki has had ’very positive reception’ from its broking partners
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NewsFlock raises $17m to reinvent insurance for connected vehicles
The insurtech’s chief exec says ’commercial motor insurance is a $160bn market crying out for disruption’
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NewsGlobal insurtech funding balloons to $4.8bn in 2021’s Q2
Global head of insurtech at Willis Re says firms that use technology to redefine insurance will thrive
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NewsRegulatory bodies hit financial services D&Os with fines in the millions – BLM
A lack of cover for regulatory fines creates ‘a double-edged sword’ for company directors and officers
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NewsGlobal commercial insurance prices increased by 15% in Q2 – Marsh
Despite continued pressure on pricing, ’the general trend of moderating price increases’ will ’continue through the rest of the year’, says Marsh president
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NewsSabre sees dip in GWP for 2021’s H1 as pandemic ramifications continue
However, the insurer’s chief executive has ‘cautious optimism’ as the firm records portfolio growth of 2.8% between 2021’s Q1 and 30 June
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NewsCDL reports £52.7m turnover for 2020
The full year results are in line with the insurtech’s performance for the year ending September 2019, when it recorded a £52.9m turnover
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NewsBeazley bolsters GWP by 22% in first half of 2021
Chief exec is ‘excited about the growth opportunities ahead’ as profit before tax improves from 2020’s loss position
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FeaturesBriefing: Covid costs now hitting reinsurance bottom line
Covid-19, Solvency II and ESG factors will all be influencing global multiline insurers’ balance sheets, says S&P Global Ratings
