Results – Page 10
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NewsSabre suffers drop in GWP due to Covid-19 and FCA pricing reform
Profit before tax for 2021 is expected to be below the range of analysts’ forecasts
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NewsSaga ‘mindful’ of future volatility amid Covid-19 despite meeting results expectations
The insurer has plans to relaunch its brand in the coming months
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NewsLloyd’s of London ‘won’t tolerate loss-making syndicates’
‘There is not much time left over’ for the market’s MGAs to ’remediate unprofitable syndicates’, says chief financial officer
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NewsLloyd’s bounces back from 2020 loss with £1.4bn profit before tax for H1 2021
Chief executive Neal notes that the market has produced a ‘strong set of financial results’ despite paying out nearly £10bn in claims – including for Covid-hit customers
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NewsPIB Group improves adjusted EBITDA by 41% for 2020
After completing a host of acquisitions last year, the broker has its sights set on further international growth and plans for ‘new territories to add to the group’
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FeaturesOpinion: Bottom lines boosted in 2021’s H1, but what does H2 have in store?
Many insurers have bounced back financially from the Covid-19 pandemic in the first six months of 2021, yet uncertainty around upcoming claims trends means bottom lines are not out of the woods yet
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FeaturesBriefing: Why Zurich is having a purple patch
Zurich is showing promise in both the UK and group wide
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FeaturesTop five Lloyd’s managing agents fall to underwriting loss as Covid hits hard
Insurance DataLab gets behind the numbers of Lloyd’s largest managing agents exclusively for Insurance Times – the stats show that coronavirus-driven losses are still sucker punching businesses
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NewsThe Ardonagh Group reports 2021 H1 loss of £41.3m
The firm has also secured additional ‘combined funding’ of £900m to help continue its ‘M&A and investment strategy at pace’
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FeaturesBriefing: Aviva delights shareholders, but long-term questions remain
Chief executive Amanda Blanc’s long-term vision for Aviva remains in question
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IT InterviewBrokers are the ‘absolute cornerstone’ of Aviva’s distribution strategy
UKGI boss emphasises that brokers are ‘hugely important’ to the insurer as it records 16% year-on-year commercial lines growth and ‘highest gross written premium sales in the last decade’ during 2021’s H1
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IT InterviewTim Bailey: ‘Consistent investment’ in efficiency and service has driven Zurich’s H1 success
UK chief executive adds that broker partnerships ‘have been working exceptionally well for the first half of the year’
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NewsAviva’s share buyback is a ‘real positive’ says UKGI boss
Financial information business confirms that the insurer’s ‘future capital adequacy and the overall financial health of the group won’t be dented’ by its plans
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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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NewsZurich bounces back from pandemic with best underwriting result in years
UK boss Tim Bailey says insurer did ‘incredibly well’ amid pandemic challenges
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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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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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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
