Financial / Results – Page 95
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NewsAllianz’s operating profit nosedives by 35%
The insurer states that fire, theft and escape of water losses have detrimentally affected its commercial property business
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Online onlyBroker banned from placing policies
Grimsby-based firm also told to refund premiums by 9 March
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NewsShocked staff in tears over sudden Staveley Head administration
Staveley was a major employer in the Welsh town of Connah’s Quay
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NewsGovernment plans to extend dormant assets scheme to encompass insurance sector
Dormant insurance policy proceeds could be re-directed to aid good causes
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Online onlyAXA UK personal lines fastest growing in the world amid rate rises
AXA was buoyed by a 2.4% rise in rates across personal lines last year - and is expecting the market to harden further
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NewsInsurance data standards body forms London Market advisory board
The board has been set up to help industry gain maximum value from data exchange
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Online onlyAXA reports small improvement in group COR as revenue climbs 5%
UK and Ireland business boasts an uptick in profitability despite worsening current year COR
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NewsAXA XL hires new boss as it reports difficult 2019
The specialty division of the French (re)insurer saw rising claims last year
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NewsAgeas brings its home book back into profitability
The insurer cites a pricing and underwriting revamp as one of the main causes for the turnaround
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NewsWelsh rugby club seeks donations as insurance won’t pay out for flood damage
Storm Dennis-related flooding devastated the grounds and facilities at Bedwas RFC
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News AnalysisIndustry warns on the unforeseen consequences of the FCA’s pricing remedies
The regulator’s proposals to end unfair pricing practices have raised serious concerns in some quarters
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Online onlyInperio and Accredited team up for new freelance solicitors PI cover
The new product is the first of its kind for the UK market
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NewsTowergate offers advice on tackling Dennis menace
The UK is already recovering from the aftermath of Storm Ciara
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NewsBrit makes strong comeback after challenging years
It follows two very challenging years for both Brit and the wider market
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NewsZurich UK’s GWP for general insurance rises by 4% to just under £2.5bn
The insurer also confirmed its focus on escape of water and fire risks for 2020
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NewsMarine rates looking up, but sector still under pressure
The impact of years of low marine rates and losses has come at a long-term cost
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IT EventsEngaging with tech savvy millennials is vital to combat HNW underinsurance
The customer experience needs to centre around a digital delivery and offering online modelling tools
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NewsBrokers facing five key challenges this year says CI’s Ian Hughes
Brokers face a tough year, but with the right strategies can triumph, Hughes suggests
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NewsDARAG buys UK insurer in run-off
The legacy acquirer hopes to use the purchase to buy more UK businesses
