Insurer News – Page 301
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Admiral co-founder: UK motor rate drops are over
Company claims number two spot in telematics market
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ABI's Thoresen 'disappointed' with L&G departure
But director general insists trade body still represents 90% of the industry
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IPO and foreign exchange costs eat into Brit’s first-half profit
Insurer’s profit before tax would have risen 71% without costs
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Pet insurance deemed too expensive
And self-financing of treatment is becoming more popular
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Admiral UK motor profit up 8% despite 8% turnover drop
But insurer continues to warn that lower rates will squeeze future profit margins
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L&G to quit ABI
Insurer chief exec Nigel Wilson will also step down from the trade association’s board
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Admiral promotes Jones to CFO
Geraint Jones replaces Kevin Chidwick as chief financial officer
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NewsTowergate paid more than 10 times profit for Arista
Broker bought £81m GWP underwriting agent in April
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Ex-Giles and Oval duo join James Hallam with new broker amid 'consolidator uncertainty'
Authorised representatives Liability and General to focus on construction clients
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David Dale’s Lloyd’s syndicate takes QBE’s Tim Butcher
Butcher to join Syndicate 2525 as senior class underwriter in December
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Business owner guilty of £2m attempted fraud on Allianz after fire claim
Justin Hindry claimed he was eight miles from fire despite evidence and eye witness accounts proving the opposite
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Zurich adds disaster recovery service for all SME customers
New contract signed with First Recovery
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UK General launches new caravan scheme
Scheme developed alongside Policyfast to provide cover for standard and more complex risks
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Gable signs new reinsurance partner
Gen Re to provide additional capacity across the European Network
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UK cyber insurance spend set to boom
Insurer predicts spend to reach £450m in five years, up from £20m
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Dawn raid on crash for cash suspect marks IFB's 1000th arrest
Arrest is linked to year-long investigation by specialist Metropolitan Police unit
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Allianz UK’s growth came at a price in first half
Profitability and personal lines COR hit by expansion plan expenses
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Allianz UK’s first-half profit down 25% after Q1 weather hit
But chief executive Jon Dye says profit is back on track after Q2 ‘rebound’
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Catlin beats expectations with 118% profit surge
COR improves by 3.1 points to 85% despite catastrophes and Malaysian Airlines loss
