Financial / Results – Page 75
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FeaturesWhat are the most profitable schemes for brokers amid the pandemic recession?
Although commercial combined schemes have brought brokers the most commission between April and September, residential property owners’ cover is declared the ‘biggest earner’ for this period
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NewsAXA ‘very well positioned’ post-Covid as it works towards 2023 strategy
AXA will take five strategic actions as it moves towards 2023
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NewsHome insurers could save around £368m in 2020 thanks to Covid-19 lockdowns
During the course of the year, there has been a 12.4% overall drop in home insurance claims
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NewsInsurers must be proactive around interventional rehab ahead of whiplash reforms – Connexus Group
Expert panel suggests that it is imperative to engage with third parties early in order to grasp a fuller understanding of claims costs
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NewsInsurance Times Awards finalist 2020 Q&A: Direct Commercial sees exponential growth
Next month the winners for Insurance Times Awards 2020 will be revealed at a virtual ceremony on 9 December
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NewsFourth consecutive year of rate rises gives Lloyd’s tail wind to deliver its plans
Lloyd’s of London anticipates it will pay £5bn in Covid-19 claims, but John Neal says this is good news
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NewsJohn Neal reveals Lloyd’s of London’s ultimate goal
In a Q3 trading update, the Lloyd’s boss revealed his ultimate goal for the marketplace and why it continues to focus on performance agenda
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NewsFSCS to crank up supplementary levy to accommodate for firm failures
The general insurance distribution class retail pool will need to stump up an extra £29m, for example
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NewsMore to do in transforming performance but change underway says Aviva’s chief exec Amanda Blanc
Following its Q3 trading update, Aviva’s chief executive explains the progress that the firm has made so far in transforming its performance and reveals its exploring options in its portfolio
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Features‘Gross profit’ terminology confusion creates underinsurance hazard – Sedgwick
Determining insurable gross profit versus an accounting gross profit can be a headache for policyholders, however if calculated incorrectly, the ramifications on business interruption claim payouts could be impactful. Insurance Times explores the issue as well as possible solutions
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NewsAviva revises down pandemic BI claims cost estimate
Aviva said fewer claims in the third quarter had allowed it to cut its forecast payout figure for business interruption claims
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NewsBrokers need to be SME business partners to secure success post Covid – Markel
Expert panel agrees that an advice-led approach complete with value-added services, such as tax and legal support, is the future of commercial broking post pandemic
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NewsGoCo taken over by media group
Aggregator GoCompare has accepted an offer from media giant Future Plc, which values the business at more than half a billion pounds
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NewsTake greater heed of climate risks, insurers warned
Law firm partner says insurers may need to take a leaf out of cyber insurance’s book with ‘explicit exclusions’
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NewsLockdowns expected to bring big drop in claims costs this year, but 2021 predicted to turn negative
Underlying claims inflation, Brexit and the FCA’s new pricing rules could turn underwriting profits red next year, predicts EY
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NewsJM Glendinning in management buyout deal
The deal will see Stackhouse Poland’s chief executive join the broker’s board
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NewsAviva sells Italy life business as Blanc doubles down on UK champion strategy
Aviva is selling one of its Italian entities, having previously announced the sale of its Indonesia and Singapore businesses
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NewsAcquisition deal for Hastings completed
The business will be a subsidiary of financial firm Sampo Oyl
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News AnalysisPremiums soar for independent financial advisors’ PI as insurers dwindle
As the UK approaches a pandemic induced recession, advice firms are facing higher premiums as insurers that provide professional indemnity for advisors have significantly reduced after a series of regulatory changes, constraints and historical blunders. Insurance Times investigates what this means for insurers and IFAs – and whether brokers ...
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NewsArdonagh grows adjusted EBITDA by 14.4% in first nine months of 2020
Group chief executive adds that the broker has a ‘strong trajectory into the final quarter of 2020’
