Financial Ratings – Page 27
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AgendaGoldman Sachs completes Aston Lark deal
Initial private equity owner Bowmark Capital also reinvests in Aston Lark
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AgendaDAS UK signs deal to cover customers of lettings disruptor
A new automated claims process has been built which will communicate with landlords
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AgendaInvestment house takes minority stake in Carrot owner
Telematics group promises investment in the development of new products and services with funds
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NewsAllianz posts improved fraud savings for H1 2019
Allianz’s fraud manager, James Burge hails a “fantastic result” after bringing the application and claims fraud teams together
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NewsApplication fraud dominates as average tops £12,000 per case
However, one fraud worth £1.2m was detected, and around 1300 fraudulent cases are exposed every day
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NewsClose Brothers signs exclusive contract with Coversure
Close Brothers and Coversure agree long-term contract covering both personal and commercial lines
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AgendaAon MGA pulls out of solicitors PI market
Several Lloyd’s capacity providers previously supporting Aon MGA Maven had withdrawn their capacity as part of the Lloyd’s profitability review
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NewsAll Swinton retail branches now closed, Ardonagh confirms
Integration of Swinton is said to be nearly complete, with another £11m planned to be invested in the process through the second half of 2019
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NewsBravo Group reveals purchase price of every acquisition in 2018
Broker Network-owner Bravo Group has revealed the price paid for each of its 10 acquisitions last year
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NewsBrightside appoints new broking director and CFO
Russell Bence has left the Bristol-based broker to pursue other interests
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AgendaFSCS compensates policyholders as Alpha replacement cover deal collapses
After multiple extensions to find replacement cover for customers on 10-year latent defect policies, the FSCS today said policyholders couldn’t wait any longer
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AgendaBig Ogden hit takes QBE into underwriting loss
QBE had been expecting the Odgen rate would be reset to 0.25%
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NewsSteep rise seen in insurance admin fees as FCA clampdown looms
Cancellation and adjustment fees rose well above the rate of inflation, according to aggregator
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Online only‘I’m not interested in adequate’ - Tulloch’s Aviva battle cry
Avvia chief executive Maurice Tulloch says company can do ‘much, much better’ amid half-year results call
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AgendaUK market hardening picks up pace in second quarter
Marsh figures show the rate of UK commercial price rises was up significantly for Q2 2019 and above the global average
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Online onlyAA reveals strong motor insurance growth with Qatar Re-backed MGA
AA enjoys continued strong growth
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NewsHastings shares plunge as claims inflation hits profits
Ogden rate change added to company’s poor results
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NewsZurich UK CEO focuses on ‘continued acceleration’ after profits soar
Zurich UK GI posts operating profit increase of 144%, with Tulsi Naidu seeing “3 years of hard work paying off”
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AgendaDigital integration costs drag on Aviva’s UK GI result
COR deteriorates slightly for UK GI as it starts to act out efficiency drives directed by group chief executive Maurice Tulloch
