Results – Page 29
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NewsAviva reports £133m dip in UK GI operating profit
Global profits have boosted since Maurice Tulloch became chief executive last March, but UK figures fall following the alignment of Aviva’s digital and general insurance divisions
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NewsAdmiral chief exec and co-founder David Stevens to step down
Insurer has already named Stevens’ successor
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NewsAdmiral profits soar amid ‘unusually’ high reserve releases
Insurer also said its focus on profit over growth has paid dividends
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NewsKPMG says increase in 10-year government bond yields is ‘music to insurers’ ears’
The firm’s economics team estimates a 1.9% uptick by the end of 2024
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Online onlyInsurance industry wants cut to IPT in new Chancellor’s first budget
A tax cut would boost insurance uptake and improve road safety, industry says
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NewsDirect Line shares buoyed as insurer outperforms expectations
Results fell within or below the guidance range in most areas
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NewsUK’s short-term political risk score improves drastically as a result of December election
Marsh JLT Specialty defines Britain’s short-term political risk score as ‘stable’
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NewsDirect Line reports fall in underwriting profit
A reduction in reserve releases and a challenging first half of the year hits the business
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Online onlySolvency requirements have reduced insurer failures across Europe
New research from KPMG reveals number and size of insolvencies has fallen since the Solvency I regime was introduced in 2004
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NewsArdonagh Group buys specialist agricultural underwriter
The transaction marks Ardonagh’s second acquisition for 2020 so far
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NewsSutton Winson aims to expand health offering with broker purchase
The broker is planning to grow through organic growth and cross-selling products
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NewsERS offers safe haven for brokers amid MGA exits
The specialist motor insurer aims to capitalise on market withdrawals by some of its competitors
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NewsTractable raises $25m with view to expand AI proposition worldwide
This brings the insurtechs funding total to $55m
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NewsHastings profits slump as claims inflation takes its toll
The company also saw its loss ratio deteriorate as it reported its annual results
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Online onlyDWIC 2020: Are African countries the new frontier for insurance?
With a rapidly expanding population and some of the fastest growing economies in the world, Africa could be a rich seam for insurers who make the right move
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NewsMarsh hires new global head of aviation
Garrett Hanrahan will succeed Simon Harker, who is retiring after a 44-year career
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NewsStanhope Cooper buys high net worth broker
Consolidation is expected in the high net worth market this year
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NewsFCA apologises for major data breach
The regulator admitted that the names, telephone numbers and addresses of some people had been mistakenly published
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NewsBe Wiser predicting profitable 2020
Chairman Mark Bower-Dyke says that although the past eight months have been ‘a challenging period’, the broker’s ‘hard work has paid off’
