Financial Ratings – Page 30
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Online onlyDual pricing-hit Saga reveals early success in three-year fixed product
Saga is getting back on track following a profit warning amid the FCA crackdown on dual pricing
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NewsFraudster trio sentenced for crash scheme on pregnant woman
Two siblings and their friend carried out £18k crash for cash scheme where the victim was a pregnant woman
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NewsRob Terry seeking £14.7m as he looks to sue Watchstone
Terry and Watchstone are already in a High Court battle, but Terry says his former employer “made false representations” over an oral indemnity
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Online onlyUK motor insurance scores best underwriting result for 33 years
UK motor market records best ever underwriting year since 1985, but EY warns of anticipated losses to come in 2019 and 2020
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NewsCCTV exposes jailed fraudster in bus crash scam
The fraudster claimed to be severely injured when a bus hit his car… except he wasn’t in it
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Online onlyGefion falls below solvency requirement in latest regulatory filing
The unrated Danish insurer reported a solvency coverage ratio of just 72% in its Solvency and Financial Condition Report for 2018, forcing the executive management team to take action
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NewsTravel payouts at its highest level since 2010
ABI figures show the average medical claim on travel insurance surpassed £1,300 for the first time ever, yet premiums are down
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AgendaAviva splits up UK and plans 1,800 job cuts by 2022
New Aviva chief executive Maurice Tulloch stamps his mark on the business by breaking up the UK GI and Life businesses and starting on a £300m efficiency drive
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NewsBMS agrees investment with private equity and pension funds
Deal values the London market broker at £500m
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NewsBroker CEO to sell majority stake in Sunderland FC
Reports suggest Stewart Donald is to sell at least 54% of shares, just over a year after taking over the League One side
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AgendaAllianz-bound L&G insurance crashes to big loss amid home woes
Ahead of integration with LV= GI, Steve Treloar revealed how much household premium he expects the combined business to be writing by the year end
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Online onlyArdonagh's true value could exceed £2bn
Despite its high debt levels, the insurance broker is riding high thanks to a major boost in cash and confidence from private equity investors
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Online onlyAllianz in double swoop as it buys L&G home and takes full LV= ownership
Allianz to become second largest UK general insurer with L&G and LV deals
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NewsFSCS pays out £6.9m to Alpha taxi policyholders
Any policyholder unhappy with the refund they receive has been told to contact their broker
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NewsCar theft payouts hit seven-year high as it passes £1.2m per day
ABI figures show quarterly payouts for vehicle thefts at its highest number since 2017
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NewsDirect Line and esure founder leads Pikl’s £2.5m funding round
Sir Peter Wood takes a minority stake in sharing economy start-up Pikl, as it looks to scale up
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Online onlyAviva to break up UK - reports
New chief executive Maurice Tulloch will lay out the plans next Thursday
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Online onlySabre holds firm on pricing as premium falls
Sabre continues strategy to preserve underwriting amid intense claims inflation
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NewsArdonagh closes 24 Swinton offices to cut costs
Swinton now has 20 branches remaining, as Ardonagh looks to reduce costs in the newly acquired business
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Online onlyAIG boss pockets multi-million pay package despite shareholder resistance
Shareholders approve package for Brian Duperreault
