Financial Ratings – Page 25
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NewsTowergate snaps up Swansea-based broker
The independent broker and risk management firm wishes to boost its offering in the Swansea area
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NewsFigures reveal Pioneer's major losses amid syndicate run-off
The MGA placed its syndicate into run-off last week
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NewsGRP makes foray into the high-end property market
The acquisition is GRP’s fourteenth of the year
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NewsPioneer puts Lloyd’s syndicate into run-off
The MGA said it will instead focus on business where Pioneer can provide differentiated value through expertise and distribution
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NewsIrish insurer goes into run-off
The company said it would continue to meet all policyholder obligations
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NewsAdmiral subsidiary worker wrongfully dismissed, court finds
The Admiral subsidiary sacked employee before the conclusion of criminal enquiries
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NewsLaw firm partners fined £80,000 for selling insurance through own broker
FairPlane UK directors to cough up after breaching Solicitors Regulation Authority principles
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NewsAgeas chief executive warns of unsustainable premium prices
Andy Watson reveals that climbing claims costs is creating pricing pressure.
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NewsVibe syndicate goes into run-off
The MGA had previously said it was closing some of its business units
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NewsHiscox shares take a battering as opioid abuse scandal threatens to engulf insurance industry
Hiscox said it was taking pre-emptive action to head off a casualty catastrophe
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NewsBeazley reports 12% increase on gross written premiums for Q3
The London market insurer shows a total $2.192m for gross written premiums in the first nine months of 2019.
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NewsAllianz hit by claims inflation and Ogden rate change
Combined operating ratio deteriorated in the third quarter as cost of parts and labour rose sharply
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NewsBarbon Insurance Group and Let Alliance complete merger
The combined business aims to offer protection and ancillary services to letting agents and landlords.
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NewsAXA reports 3% improvement in European revenue to reach €27bn
The multinational insurer additionally noted group-wide gains in its property and casualty portfolio within the first nine months of 2019.
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NewsRSA reports boost in underwriting profit despite financial market challenges
The London-based insurer shows improvements across its weather, large loss, attritional loss and controllable expense ratios for the past nine months.
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News'Don't foist LiP portal on the public until its ready', warns Minster Law chief executive
Despite approving of small personal injury claims being moved online, Shirley Woolham insists that customers’ interests must be at the centre of the new platform.
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News AnalysisInsurers warned they face threat of regulatory reserving probes
PRA warns of pressure on management to deliver results ahead of adequate reserving
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NewsHiscox reports retail premium growth as rates remain flat
Retail performanced helped reduce the impact of a series of major claims during the last quarter
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Online onlyArron Banks slams former ally Farage as ‘dog in the manger’
Banks turns on Farage for undermining Boris Johnson
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Online onlyAIG still making underwriting losses despite lower cat claims
AIG cat claims lower by more than a billion but still remains in the red on underwriting
