Insurer News – Page 247
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NewsAviva wins TSB contract from Lloyds Bank
Aviva will underwrite general insurance products under TSB brand through 600 branches and digital platforms
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NewsRSA reports ‘best UK underwriting results since 2006’
Overall 94.4% UK COR achieved despite 113.6% motor ratio
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NewsZurich group GI profit dragged down by large UK losses
Combined operating ratio also deteriorated by 2.6 percentage points to 98.3%
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NewsQuindell restatement is 'biggest ever' - Richard Rose
Quindell has revealed pre-tax losses of £238m for 2014
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NewsPrivate equity firm Odyssey to buy Integro
Deal is expected to be completed in the fourth quarter of 2015
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Online onlyPen secures capacity deal with QIC Europe
QIC will provide capacity for Pen’s solicitors PI products
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NewsAgeas sees return to profit from Tesco Underwriting
Joint ventue with retail giant shows profit despite drop in GWP
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NewsForeign exchange losses depress Novae profit
First half pre-tax profit down 21%, but underlying profit rises 28% and COR improves to 89.8%
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NewsAgeas UK profit up 17% thanks to good weather and commercial lines
But motor COR edges above 100% because of higher claims frequency
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NewsGeddes: Motor pricing still lagging claims inflation
Direct Line Group still expects lower reserve releases than last year despite first-half increase
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NewsBlanc running AXA UK GI was ‘always the plan’ - Evans
Current UK direct head Yves Masson to help insurer implement 2020 strategy
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NewsAXA’s Paul Evans: Insurers face ‘headache’ over soft home rates
Insurer’s home revenues fell 6% in first half because of growing competition
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NewsRegulatory demands drive growth in insurance jobs
Specialists in compliance and risk with 3-7 years experience are in particularly high demand
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News£206m of Direct Line GWP at risk as Nationwide reviews deal
Building society is one of insurer’s largest partners
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NewsExor sees off AXIS to buy PartnerRe for $6bn
AXIS will receive a $315m break-up fee from PartnerRe as a result of merger agreement being terminated
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NewsAXA UK underlying profits up 27% in H1
COR improved improved by 1.2 percentage points to 97% - helped by benign weather.
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NewsDirect Line Group profit jumps 49% as COR falls below 90%
Insurer revises 2015 COR forecast because of higher-than-expected reserve releases
