Financial Ratings – Page 28
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NewsFraudster sentenced after lying about losing partner’s engagement ring
The fraudster was caught sending a text to a friend, admitting his plan to exploit the insurer
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AgendaOgden boosts Ageas to 70% profit increase
Ageas one of the few insurers to benefit from the Ogden rate change after holding firm on reserving estimates
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NewsOgden hits LV= but operating profit is up by half
£13m Ogden rate hit puts underwriting profit lower than last year but Steve Treloar hails six months of solid growth elsewhere
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FeaturesJailed claims handler defrauded employer for £390k to fund cocaine addiction
The handler has been jailed for two years and worked for a major insurer at its complex claims offices in Fenchurch Street
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NewsERS slips to unprofitable COR as it reshuffles exec team
ERS blames Ogden as combined operating ratio slips to over 100%
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AgendaAllianz brings on 167 new broker clients in LV= merger as personal lines completes transition
The insurer announced a slight dip in commercial profitability, but attributed that to the LV= transition and outlined the plan for L&G
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Agenda‘Last minute issues’ throw Alpha replacement cover deal for 30,000 customers into doubt
Insurer had in principle agreed to cover customers previously insured by collapsed carrier Alpha, but has now raised last minute issues
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News‘Prolific’ ghost broker sentenced for 18 counts of fraud
A number of policies that had been incepted between January and October of 2016 were found to all be connected
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NewsPolice officer deemed fundamentally dishonest in holiday sickness fraud
The Nottinghamshire police officer claimed to have contracted food poisoning, but the evidence exposed flaws in her claim
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NewsAXA grows UK business amid increased P&C focus
The UK & Ireland saw gross revenues of £2.6bn for the first half of 2019
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AgendaRSA returns UK personal lines to profit at expense of premium
RSA takes a disciplined approach to personal lines pricing, resulting in a return to underwriting profit
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NewsDirect Line reveals Ogden hit as profits fall 10.2%
Direct Line reveals how much money the group lost through the resetting of the Ogden rate to -0.25%
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NewsDAC Beachcroft predicts ‘explosion’ of fraudulent bent metal claims
With legislation coming in April 2020, DAC Beachcroft says fraudsters are looking more into bent metal claims
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AgendaFigures reveal impact of JLT deal in first Marsh results since merger
Marsh owner updates on the amount spent in acquisition costs and integration costs through purchasing JLT
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NewsSabre half-year profits lower amid lagging claims inflation
The firm is on track for its full year results
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NewsAston Lark hails revenue progression following merger completion
The group now operates from 25 UK offices, employing over 770 people and places £330m GWP
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News‘The inconsistency is breathtaking’ - claimant association slams ABI tracker
The ABI has said that premiums are likely to increase, despite the Ogden rate improving
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Online only“On the cusp of a disaster” – More building inspectors cease trading after failing to renew insurance policies
The trade body for private building inspectors gets behind insurance industry calls for stringent terms of cover to be changed urgently by the government
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Online only‘Terrific momentum’ - Gallagher hails 2019 as UK storms ahead
UK leads the way as Gallagher posts strong half year results
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AgendaEx-CEO Asplin ordered to pay £5.3m for DAS fraud
DAS will receive around £8.3m in compensation from Asplin and the other two defendants found guilty of defrauding the firm at last year’s trial
