Financial Ratings – Page 17
-
NewsSabre shrinks book as it continues to push through rate increases
Insurer’s combined operating ratio climbs 2.8 percentage points, but remains a highly profitable 73.4% as it expects pricing pressures to ease
-
NewsUS insurers offer motor premium refunds as Covid-19 hits claims frequency
UK market will be keenly watching the actions of US motor insurers
-
NewsFCA outlines business priorities for 2020 and 2021
The regulator’s plans recognise the impact of Covid-19 on the financial services sector says interim chief executive
-
-
NewsNFU Mutual includes Covid-19 in personal accident and annual travel insurance policies
New and existing home and business customers set to benefit from new support package
-
Online onlyDebate grows on state-backed Pandemic Re to cover mass business interruption
Parametric type cover suggested as a solution
-
NewsInsurtech UK appeals for startup backing amid Covid-19 crisis
Members of the trade body have also raised their concerns due to the coronavirus business interruption loan scheme not being suitable for startups
-
Online onlyCarrot encourages policyholders not to drive by offering double rewards
The move from the telematics company is in response to Public Health England urging people to stay at home during coronavirus lockdown
-
NewsAA improves trading EBITDA by 3% but suspends final dividend due to Covid-19
However, the insurer stated that coronavirus has ‘not impacted the group materially’
-
Online onlyUnrated Gefion ordered to stop writing business
The move comes after the Danish FSA failed to approve the insurer’s recovery plan
-
NewsAviva’s motor margins could be ‘significantly higher’ due to coronavirus quarantine says Jefferies
Essential workers will be allowed to commute without paying additional premiums
-
Online only‘Unacceptable’ - Tory MP blasts insurers amid no coronavirus payout customer fury
Sir Roger Gale said insurers must pay out in the customer time of need
-
NewsLloyd’s boss confident it can weather Covid-19 storm as it returns to profit
Its combined ratio saw an improvement of 2.4 percentage points
-
Online onlyInsurers face solvency squeeze as coronavirus wreaks havoc on financial markets
Investment bank Berenberg issues warning as the Covid-19 pandemic continues to spread across the globe
-
NewsArdonagh Group reports 66.4% growth in adjusted EBITDA for 2019
Chief executive David Ross described 2019 as ‘a significant point in our history’
-
NewsInsured property market loss from Storm Ciara estimated at €1.5bn
Claims data from affected insurers shows that Germany was the country most impacted
-
NewsSwiss Re faces $250m loss if Tokyo Olympics cancelled due to Covid-19
The reinsurer has a 15% global market share in event cancellation cover, which could now be claimed for coronavirus-related cancellations
-
NewsLV= reports 39% drop in underwriting profit
But broker business grew by 24% in 2019 due to the migration of personal lines from Allianz
-
NewsPharmacy insurer vows to help customers stay open
Pharmacies are one of the few shops left open amid the coronavirus outbreak
-
NewsCoronavirus impacts more devastating than 9/11 says independent expert
Coronavirus-related impacts on insurers’ investment businesses could see premiums skyrocket
