Financial Ratings – Page 29
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NewsAllianz promotes from within for its new head of commercial pricing
From a management trainee scheme in 2004, Allianz’s new head of commercial pricing has worked her way up
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NewsGoCompare sees profits halved in H1, hints at exploring new sectors
Pre-tax profits halve but aggregator predicts a shift back to growth, and hints at potentially moving into other sectors
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NewsInsurer boost as governmment gives £2.9m for flood protection projects
Flood Re chief executive calls the new funding a “welcomed step forward”
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NewsBeazley poised for profits bounceback as it focuses on broker relationships
Half-year profits soar by 189% compared to 2018
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AgendaInsolvent motor broker directors under investigation as XL Catlin legal case stayed
Administrator has been investigating the conduct of directors and has submitted a report to government department
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NewsFSCS agrees deal for Alpha’s replacement cover
Final sign-off is intended to be provided on Wednesday 24 July
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NewsABI slams government’s ‘wholly disingenuous’ Ogden Impact Assessment
The ABI’s director general has written a letter to David Gauke MP to object to the ‘misleading’ document
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AgendaWhat counts as unfair pricing? FCA reveals all
FCA opens up on process it will use to determine what is unfair pricing
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NewsNorwegian insurer set to lose £6.9m over Grenfell ruling
Protector Forsikring loses case that Munich Re should pick up most of Grenfell cost through reinsurance programme
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AgendaBollington reassures brokers of Gefion plan amid Premium Credit axe
Gefion has 45 days to restore its solvency ratio or faces losing Premium Credit as a finance provider on its policies
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Online onlyBrexit blamed for Markerstudy-Co-op deal delay
Markerstudy paid £185m for its underwriting business, CIS General Insurance in February last year
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AgendaGefion bombshell as major premium finance provider pulls out
Leading premium finance provider announces it will no longer finance policies where Gefion is the underlying carrier
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AgendaChubb to stop writing coal-related policies
Climate change given as the reason Chubb will no longer underwrite the construction and operation of new coal-powered plants
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AgendaGefion solvency ratio sinks to 105% as regulator inspection bites Danish carrier
Danish regulator orders recalculation of solvency ratio as part of ongoing inspection into the unrated insurer
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NewsRevealed: Unrated collapses spark explosion of compensation claims
The Financial Services Compensation Scheme announced the figure, which is 14 times higher than the year before, resulting from collapses of unrated companies such as Alpha and LAMP
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AgendaFSCS begins compensating LAMP policyholders
Owner of MGA with affected policyholders said he was pleased with the speed at which customers had been paid
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AgendaBroker wins help Acturis to improved results
It’s annual results revealed a record number of new broker and insurer users
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NewsShamed company director banned from running his business after fraud
The shamed businessman has been declared bankrupt after submitting false insurance claims
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NewsGRP acquisition train rolls on with ‘marquee signing’ for County
GRP-owned broker adds another regional string to its bow, bringing in 27 new staff
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AgendaCompetition watchdog urges brokers and insurers to increase the pace of tackling dual pricing
CMA update on dual pricing recommendations finds businesses have not yet done enough to treat loyal customers fairly
