Results – Page 28
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NewsArdonagh Group reports 66.4% growth in adjusted EBITDA for 2019
Chief executive David Ross described 2019 as ‘a significant point in our history’
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NewsInsured property market loss from Storm Ciara estimated at €1.5bn
Claims data from affected insurers shows that Germany was the country most impacted
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NewsSwiss Re faces $250m loss if Tokyo Olympics cancelled due to Covid-19
The reinsurer has a 15% global market share in event cancellation cover, which could now be claimed for coronavirus-related cancellations
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NewsLV= reports 39% drop in underwriting profit
But broker business grew by 24% in 2019 due to the migration of personal lines from Allianz
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NewsPharmacy insurer vows to help customers stay open
Pharmacies are one of the few shops left open amid the coronavirus outbreak
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NewsCoronavirus impacts more devastating than 9/11 says independent expert
Coronavirus-related impacts on insurers’ investment businesses could see premiums skyrocket
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NewsAspen Insurance Holdings exits underperforming UK regional P&C line
Group chief executive describes 2019’s financial results as ‘disappointing’
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NewsPen Underwriting and Markel renew equestrian capacity deal
The MGA and insurer first partnered together in 2017
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NewsDirect Line and Aviva halt travel insurance sales
Coronavirus has seen an explosion in demand for travel policies
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NewsA-Plan buys Northamptonshire broker
The purchase is part of the broker’s plans to expand acquisitively as well as organically
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NewsBudget 2020: Record flood investment, but no action on IPT
This includes £120m to repair damage caused by last month’s Ciara and Dennis
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NewsCoronavirus: RSA to assess business interruption claims on a case-by-case basis
The firm operates a ‘wider definition’ of specified diseases, so coronavirus impacts may be insured depending on policy wordings and policyholder circumstances
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NewsAon to buy Willis Towers Watson for $29.9bn
Deal is expected to generate nearly a billion dollars of synergies
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Online onlyAXA, Aviva and Allianz shares dive as coronavirus sparks global stock market panic
Major insurers shares down 7% as markets fall in biggest one day dive in over a decade
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NewsCoronavirus fears trigger travel insurance sales boom
But a surge in travel policies brings added risks as well as opportunities for insurers
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NewsAviva exits Indonesia joint venture
A statement from the insurer said the transaction will be completed in Q4 this year
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NewsUK insurance deals fall
M&A was the biggest type of deal in the quarter, with 29 deals worth a total of $4.28bn
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NewsEthos buys midlands broker Perry Appleton
The Compass Network member controls £7m of GWP from is Rugby-based office
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NewsAdmiral’s ‘profit over growth’ strategy triumphs in cyclical car insurance market
A return to normal levels of damage inflation suggests better times ahead for some motor insurers
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NewsGRP-backed Sagars nets freight forwarding broker as it consolidates north-west presence
The acquisition is the broking group’s second deal since the Searchlight investment
