Financial Ratings – Page 22
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NewsStill serious Brexit 'issues to resolve’ - City minister
The minister for financial inclusion agreed that the need for stability is ‘really clear’
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NewsManifesto 2020: Biba calls for IPT freeze to halt ‘unfair tax burden’
The professional body also seeks insurance premium tax relief on cyber insurance policies for small businesses
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NewsHyperion records average 11% organic growth for year-end results
The firm has also earmarked £300m for future M&A activity
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Online onlyUnrated insurer collapses cost millions in compensation, regulator reveals
Fund for customers of collapsed insurers reveals levy hike for GI distribution
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NewsMCL InsureTech sets up shop in Dublin to avoid Brexit regulations
New business and products for European markets will be routed through the new office
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NewsPeter Cullum in talks to sell Lloyd’s of London broker to US firm
Cullum could rake in up to £800m for the sale of GRP
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NewsGRP acquires Leicestershire-based broker
The purchase will enable the firm to make further inroads into the retail market
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NewsAXA Commercial plans to better support SMEs and startups
The insurer’s executive managing director says the SME market will be an area of focus for the next two to three years
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Online onlyInsurance tycoon Neil Utley major investor in struggling doorstep lender
Insurance multi-millionaire Neil Utley has emerged as a 3% shareholder in payday lender Non-Standard Finance, according to This is Money. Utley’s stake is worth around a cool £2.1m, a small slice of his estimated £250m fortune. The firm has struggled this year, with profit warnings and shares tumbling to ...
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NewsEXCLUSIVE: Beazley puts UK marine book into run-off
As of today, the underwriter will no longer underwrite UK regional cargo, freight liability and commercial hull risks
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NewsThomas Cook collapse impacts average claim value
But, trade credit insurers have helped UK firms navigate record levels of bad debt
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NewsFCA and Bank of England to develop data strategies
The data-driven approach could include the implementation of digital regulatory reporting
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NewsFinch Group acquires Richmond-based independent broker
The purchase marks the firm’s 10th acquisition in three years
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NewsAFG places Neon Underwriting into run-off
The insurer plans to exit the Lloyd’s of London market this year
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NewsTysers’s parent company acquires specialist Lloyd’s broker
The transaction sees the combined business reach $3bn of insurance premium
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NewsGallagher becomes preferred broker for Greater Manchester councils
The broker wins a four-year appointment to work with 10 local boroughs
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NewsUK motor headache continues for excess of loss reinsurers
Unexpected discount rate change was a particular problem highlighted by reinsurers
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NewsMike Crane to head up L&G general insurance division as Allianz completes takeover
Allianz bought L&G’s GI business for £242m
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NewsGRP promises more acquisitions in 2020 as run rate income grows
But the group posted an actual loss for the 2018-2019 accounting period
