Results – Page 59
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NewsPrivate equity invests £28m in fast-growing motor broker
LDC buys minority shareholding in Right Choice for £28m
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NewsKPMG fined £3.2m for Quindell audit
KPMG fined £3.2m for its failings during the audit of Quindell
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NewsXL shareholders approve $15bn AXA merger
After it was announced in March, XL shareholders approve the $15.3bn merger
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Online onlyArdonagh eyes bolt-on acquisitions and hires amid £100m deal
Ardonagh raises £98.3m in new debt deal
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NewsZurich Group looks to fuel growth by investing in startup
Zurich acquires a minority stake in CoverWallet, building on a European partnership announced in February
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NewsLemonade launches Policy 2.0
Lemonade launches its ’open source’ insurance policy, with 90% fewer words, and will allow anyone to edit their policy
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NewsAllianz Group suffers huge Q1 loss from cat events
Allianz Group posts losses worse than the three next worst-hit EU insurers combined
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NewsBad weather claims skyrocket in record breaking Q1
A record amount of burst pipes in the first three months of 2018 causes bad weather claims to almost triple
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NewsNon-fault drivers could be left £3000 out of pocket following a collision
New research from the RAC says 36% of drivers had lost out following accidents that weren’t their fault
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Online onlyZurich boss reveals M&A plans
Major consolidation does not solve industry issues, says Zurich boss Mario Greco
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NewsCatastrophes make 2017 the costliest year for global specialty insurance
ROC and major claims take a hit as catastrophes make 2017 the costliest year for specialty insurance
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NewsABI supports government plans to fine nuisance call bosses £500,000
The government is launching a consultation on the issue, and the ABI says tougher action “cannot come soon enough”
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NewsEurozone crisis returns: insurer share prices rocked
Share prices of insurers tumble up to 4% as Italian political crisis takes its toll
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NewsDrone insurance startup raises £2.25m in funding
Drone insurer Flock raises £2.25m in seed funding from global investors
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NewsWhiplash still dominant as Aviva sees increase in fraud value
Aviva has reported an increase in the value of detected fraud for the second year in a row and says the Civil Liability Bill is key to removing financial incentives
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NewsInsurers circle amid sale of Towergate Commercial, Fusion and Arista
Ardonagh looks to exit its SME business
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NewsUnrated insurer to cover cabbies of collapsed Alpha
Unrated Danish insurer policies to be offered through Cover My Cab to cabbies after unrated Alpha went bust
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NewsFitch gives Ardonagh ratings boost - but warns of challenges ahead
Rating agency upgrades Ardonagh debt but says firm will remain cash negative this year
