Financial Ratings – Page 18
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NewsAspen Insurance Holdings exits underperforming UK regional P&C line
Group chief executive describes 2019’s financial results as ‘disappointing’
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NewsPen Underwriting and Markel renew equestrian capacity deal
The MGA and insurer first partnered together in 2017
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NewsDirect Line and Aviva halt travel insurance sales
Coronavirus has seen an explosion in demand for travel policies
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NewsA-Plan buys Northamptonshire broker
The purchase is part of the broker’s plans to expand acquisitively as well as organically
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NewsBudget 2020: Record flood investment, but no action on IPT
This includes £120m to repair damage caused by last month’s Ciara and Dennis
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NewsCoronavirus: RSA to assess business interruption claims on a case-by-case basis
The firm operates a ‘wider definition’ of specified diseases, so coronavirus impacts may be insured depending on policy wordings and policyholder circumstances
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NewsAon to buy Willis Towers Watson for $29.9bn
Deal is expected to generate nearly a billion dollars of synergies
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Online onlyAXA, Aviva and Allianz shares dive as coronavirus sparks global stock market panic
Major insurers shares down 7% as markets fall in biggest one day dive in over a decade
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NewsCoronavirus fears trigger travel insurance sales boom
But a surge in travel policies brings added risks as well as opportunities for insurers
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NewsAviva exits Indonesia joint venture
A statement from the insurer said the transaction will be completed in Q4 this year
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NewsUK insurance deals fall
M&A was the biggest type of deal in the quarter, with 29 deals worth a total of $4.28bn
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NewsEthos buys midlands broker Perry Appleton
The Compass Network member controls £7m of GWP from is Rugby-based office
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NewsAdmiral’s ‘profit over growth’ strategy triumphs in cyclical car insurance market
A return to normal levels of damage inflation suggests better times ahead for some motor insurers
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NewsGRP-backed Sagars nets freight forwarding broker as it consolidates north-west presence
The acquisition is the broking group’s second deal since the Searchlight investment
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NewsAviva reports £133m dip in UK GI operating profit
Global profits have boosted since Maurice Tulloch became chief executive last March, but UK figures fall following the alignment of Aviva’s digital and general insurance divisions
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NewsAdmiral chief exec and co-founder David Stevens to step down
Insurer has already named Stevens’ successor
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NewsAdmiral profits soar amid ‘unusually’ high reserve releases
Insurer also said its focus on profit over growth has paid dividends
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NewsKPMG says increase in 10-year government bond yields is ‘music to insurers’ ears’
The firm’s economics team estimates a 1.9% uptick by the end of 2024
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Online onlyInsurance industry wants cut to IPT in new Chancellor’s first budget
A tax cut would boost insurance uptake and improve road safety, industry says
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NewsDirect Line shares buoyed as insurer outperforms expectations
Results fell within or below the guidance range in most areas
