Financial Ratings – Page 33
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News
Business yet to achieve full potential, says Ardonagh chief exec
The group has seen losses of £111.6m but there has been significant improvement since 2017
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Gallagher completes £268m Stackhouse Poland acquisition
Rumours of the deal had been circling for almost a year and were confirmed in January
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Saga's woes deepen as shares fall again and concerns mount on renewal strategy
Saga shares fall again as analysts unpick the fallout from the profit warning last week
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Features
Fraud Charter: Prevention is always better than cure
Educating consumers to stop seeing insurance as a grudge purchase would go some way to cutting fraud. But so too might be pointing out the consequences of a conviction
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'Disappointing' esure deep in underwriting losses amid claims spike
Esure vows to improve results in 2019 after Sir Peter Wood admits a ‘disappointing’ year
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Co-op insurance firm racks up big loss as UK weather claims bite
Co-op, now owned by Markerstudy, posts a big trading loss
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Saga crashes to huge loss and expects 'significant' industry response on renewals crackdown
Saga becomes the first industry player to take a huge hit from the FCA crackdown on renewal pricing
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News
Large drop in motor premium prices part of a structural market shift – drivers index
Fall in premiums from December to February is higher than previous years, which is put down to the passing of the Civil Liability Act
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News
Arch integrates Axiom with ex-Ardonagh commercial lines book
Axiom becomes part of Arch UK Regional Division alongside the ex-Ardonagh commercial lines book acquired in January
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News
Fraudster sentenced after Aviva seeks punishment for orange juice trip scam
Aviva, along with Clyde & Co successfully pursue case as private prosecution leads to suspended sentence and electronic tag
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News
Gallagher keeps sponsorship deal after apologising for racist language
The Rugby Premiership has responded to a letter from Sir Vince Cable urging the Gallagher sponsorship deal to be reconsidered
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Court rules against AXA in landmark battle with Churchill over £2m fire claim
The ruling has delivered new clarity on what constitutes ‘use’ of a vehicle in a claim
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News
Analysts upbeat at Sabre sacrificing growth for ‘industry lowest’ COR
Profits rose for Sabre in 2018, as it continued to focus on underwriting profit over growth in gross written premium
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News
Motor payouts pass £1m per day thanks to 'surge in vehicle thefts'
Figures released today by the ABI shows a car theft claim is made every six minutes
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'Institutionally sexist' - Lloyd's attacked by Jeremy Corbyn's City chief
Shadow City minister is latest to condemn Lloyd’s amid ‘horrific’ reports of rampant sexism, harassment and bullying
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Scandal-hit Lloyd's woes deepen as it crashes to £1bn loss
Lloyd’s of London suffers another massive blow as catastrophes spark a huge loss
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News
Gallagher vs Ardonagh: David Ross attacks Gallagher for “morally bankrupt” loan offer
Ardonagh chief executive David Ross told the court yesterday that what led to a struggling employee taking a £625,000 loan from Ardonagh’s owners was a problem of Gallagher’s own making
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'The best people will leave' - ex-JLT boss worrying view on Marsh deal
Former JLT commercial director James Twining has given a worrying and bleak assessment of Marsh’s takeover of JLT. Twining warns that JLT’s swagger and culture of independence will likely phase out and the ’best people will surely leave, as they always do.’ Marsh’s regulatory approval for the takeover is impending. ...
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News
EXCLUSIVE: Zurich 'temporarily withdraws' from direct home insurance market
The move is part of “an ongoing review of strategy” following the sale of specialist student insurance broker Endsleigh in January 2018