Insurer News – Page 143
-
NewsAviva plans 2022 year-end share buyback programme
Group chief executive emphasises that any return of capital to shareholders must be ‘sustainable’ and ‘regular’
-
NewsAmanda Blanc: Aviva is ‘not in any way vulnerable’
Following the ‘seismic move’ to divest non-UK, Ireland and Canada-based businesses, group chief executive confirms that Aviva has a ‘strength and performance that we didn’t have before’
-
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
-
NewsAllianz’s eTrading capabilities are ‘on an improving path’ – but still have ‘a long way to go’
Digitalisation in commercial lines is ‘not impossible’, but it is flagging behind digital progress in personal lines ‘for good reason’, says commercial lines boss
-
NewsTribunal reverses £17.9m Compare the Market anti-competition fine
Tribunal panel rules that prior Competition and Markets Authority decision was based on ‘no reliable evidence’
-
NewsBotched eyebrow microblading and tinting account for 37% of salon injury claims – Zurich
Laser hair removal only accounted for 7% of claims but involved the most serious injuries
-
NewsAverage annual motor insurance premium up by £5 in Q2 2022 – ABI
Motor insurers are facing cost pressures, but they remain committed to keeping cover as ’competitively priced as possible’, says general insurance manager
-
NewsAgeas bolsters distribution team with senior appointment
The new hire previously worked at Aviva in a series of senior roles
-
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
-
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
-
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%
-
NewsAxa prepares for ‘potential claims’ from Ukraine and Russia war through exposed lines
Some of the insurer’s crisis management policies, for example, have been ‘triggered because of the war in Ukraine’, says group chief financial officer
-
NewsLloyd’s receives regulatory approval to establish second PCC
London Bridge PCC will expand the marketplace’s capabilities in line with its strategy
-
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’
-
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%
-
NewsHiscox results reflect mixed bag for H1 2022
The insurer’s underwriting result improved by 23.4%, despite conflict and nat cat driven losses
-
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
-
NewsAviva purchases specialist MGA’s HNW personal lines business
The acquisition supports the insurer’s intention to become the ‘market leader’ in this business line
-
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
-
NewsBiba welcomes consumer duty implementation extension
The trade body has also questioned a ‘lack of prescription’ within the new rules and invited firms to make use of its template fair value assessment solution
