Financial
News
LV= announces £29m in member bonuses following 2024 result
’As a mutual, members come first,’ says chief executive
News
Ardonagh posts 24% increase in income for 2024
Last year ’was a coming of age for Ardonagh,’ says group chief executive
News Analysis
Broker schemes data shows overarching commission growth stutter
‘The latest set of data presents a mixed bag,’ says SchemeServe chief executive
News
Motor market currently ‘at about the softest point in the cycle’ – Geoff Carter
‘Our view is that the market is substantially underpriced on new business at the moment – the pendulum has swung too far,’ says chief executive
News
Motorists see biggest annual fall in car insurance premiums since 2014
The trend has been largely driven by ‘easing claims inflation and frequency’
News
Ecclesiastical boosts underwriting profit in 2024 due to ‘low year for claims’
’We intend to keep up the momentum in 2025, delivering brilliant service, driving sales growth and continuing to invest in our capabilities,’ says chief executive
News
Aventum-owned MGA secures new capacity as it continues to grow portfolio
’The agreement further strengthens our ability to offer clients comprehensive, world-class coverage,’ says underwriter
News
MS Amlin posts underwriting profit growth in full-year financial results
‘This performance reflects the fact that MS Amlin is able to deliver strong results, year after year,’ says chief executive
News
Sabre posts COR of 84.2% for 2024
’We grew strongly in the first half of the year when market conditions were attractive and we maintained our strict underwriting discipline despite a steep decline in market prices during the second half,’ says chief executive
News
Brown and Brown-owned MGA secures new £250m capacity deal with Zurich UK
Zurich UK says the deal is an important part of its retail growth strategy
News
Jensten launches new broker network
’We know just what it takes to support our network members throughout the lifecycle of their brokerage journeys,’ says network director
News Analysis
Solicitors secure premium benefits as professional indemnity market stabilises
Although the majority of legal professionals are now enjoying ‘favourable’ PI premiums, ‘smaller firms and firms doing property work still face challenges’ finding affordable cover
News
Probitas announces ‘best ever result’ after Aviva acquisition
’With Aviva’s scale and capabilities, we are extremely well positioned for continued success as we move into 2025,’ says chief executive
News
Pet insurance premiums see modest rise
’The steady rise in pet insurance premiums in February marks a shift from the more pronounced declines we saw last year,’ says product manager
News Analysis
Opinion: Soft market set to showcase true service standards
Although soft market conditions may make it easier to place risks thanks to confident capacity, challenges remain around broker income and getting clients to trust such fluctuating premium price points
News
Lloyd’s reports 2024 underwriting profit drop as COR increases
However, the marketplace also revealed that GWP increased 6.5% year-on-year
News Analysis
The Big Question: How can insurance firms stay competitive and differentiate themselves in a soft market?
As softening market rates proliferate, Insurance Times quizzes industry experts on how firms can stay ahead of the pack amid premium price dips
News
Thousands of Admiral staff to receive share bonuses worth up to £3,600
’I would like to thank Admiral colleagues for their ongoing commitment,’ says chair
News
Admiral celebrates ‘remarkable’ 2024 with 90% uptick in group profit before tax
The personal lines insurer generated £4.78bn in insurance revenue last year, alongside a 19% growth in UK insurance customers
News Analysis
Insurer gender pay gap reports flag senior staff imbalance and part-time job problem
Median gender pay gaps across the UK’s largest insurers are higher than the national average – but how are these firms seeking to improve pay parity?
Part of the Insurance and Risk group of Newsquest Specialist Media
Published by Newsquest Media Group Limited, registered in England & Wales with number 01676637
at 1st Floor, Chartist Tower, Upper Dock Street, Newport, Wales, NP20 1DW - a Gannett company
at 1st Floor, Chartist Tower, Upper Dock Street, Newport, Wales, NP20 1DW - a Gannett company
Site powered by Webvision Cloud