Insurer News – Page 163
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NewsCevian Capital revolts after Aviva’s move to return £4bn back to shareholders
The insurer announced last week it would start a £750m share buyback
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NewsMS Amlin Underwriting reveals new independent non-executive director
Gilles Bonvarlet will be retiring from the board following eight years of service
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NewsAviva faces earnings impact amid soft UK motor market
UK general insurance delivered the highest sales in a decade according to Aviva boss, Blanc
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NewsAviva’s share price surges as boss Amanda Blanc delights investors
It also announced a £750m share buyback to commence immediately
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NewsFCA pricing reform will encourage ‘evolution rather than a revolution’ – Admiral Group
The group will be investing in ‘planting new seeds for product diversification’ to improve customers’ claims journeys, adds chief exec
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NewsNeos’ UK consumer awareness could prove ‘challenging’ for Sky – GlobalData
A quarter (25%) of respondents in GlobalData’s survey who have household insurance also own a smart thermometer
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NewsAllianz Holdings’ 2021 half year results still showcasing Covid ‘ups and downs’
Chief exec compares fleet and pet insurance revenue figures to demonstrate pandemic impact
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NewsFewer motor claims drives strong H1 net result for Ageas
The insurer’s chief executive says there is a ’pressing need’ to recognise the market-wide pressures and uncertainty in the motor arena
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NewsAdmiral improves UK insurance book turnover by £123.6m for H1 2021
Excluding discontinued operations, the insurer’s group-wide profit before tax grew by 76% between 2020 and 2021
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NewsNew broker-centric MGA Hoxton Insurance Services hits high net worth sector
The first MGA launched under the NuVenture banner aims ’to reinvent the broker and client experience for mid and HNW personal lines business’
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NewsEsure, Pikl and Sheilas’ Wheels sign distribution deal
The insurtech describes the deal as a ‘prestigious partnership’, while esure believes the move is a ‘game-changer’ for the industry
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NewsAllianz shows ‘continued determination’ to find ‘ways to trade successfully with brokers’
LV=GI boss adds that the ‘opportunities’ to work with brokers are ‘great’ as its intermediary channel grows by 150% in 2021’s H1
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NewsBlenheim Underwriting receives managing agency approval
The strategic move is a ‘significant milestone’ for the group
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NewsAIG tightens cyber insurance limits as premiums climb
The insurer’s planned sale of its life and retirement business via an initial public offering is likely to happen in Q1 2022
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NewsIrish insurer expects Covid BI claim payments to hit €183m
The High Court in Ireland ruled against FBD in February
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NewsLV=GI boss has ‘never seen anything' as 'substantial' as FCA pricing reform
Preparing for the incoming regulation changes comes alongside “teething problems” with the Official Injury Claim portal, chief exec adds
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NewsAA shuts down concerns over lack of insurance for new E10 petrol
The move to E10 petrol is part of the government’s efforts to reduce CO2 emissions
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NewsLloyd’s Lab reveals seventh cohort with cryptocurrency focus
Lloyd’s Lab also accepted wildcard entries that presented solutions outside the core themes, claims and cryptocurrency
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NewsInsurance industry backs government’s live event reinsurance scheme in partnership with Lloyd’s
Several syndicates in the Lloyd’s market, including Arch, Beazley, Dale Underwriting, Hiscox and Munich Re, are supporting the initiative
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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
