Financial Ratings – Page 34
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NewsMarsh parent issues more senior notes to fund JLT deal
The acquisition of JLT is due to be completed in spring this year
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NewsLV= GI looks for more partnerships as PL broker business grows by a fifth
LV= GI chief executive Steve Treloar praises “strong performance” in a transitional year, while teasing further investment moving forward
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Online only'High leverage' Hyperion debt passes through £1bn barrier
Hyperion’s debt has passed through the £1bn barrier, with Moody’s listing a number of issues the insurance group faces. Hyperion’s growing debt is now £1.142bn, as the latest tranche of debt, a £100m loan, was added. Moody’s estimates the debt to earnings ratio is around 6.6x. Moody’s highlighted ”its ...
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NewsLV= to vote on changed company status as pre-tax profit falls by 84%
LV= says it will also complete the transaction of personal lines business from Allianz in May
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NewsFraudulent claims increase by 27% in 2018
According to Cifas, household and motor claims saw the largest increases
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NewsSedgwick sees increased cyber activity as it announces fraud savings
Sedgwick saved a total of £47m when dealing with its clients’ claims last year
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NewsTrailblazer RSA tackles dual pricing with cashback rewards
RSA will be the first insurer to offer a cashback scheme for loyal customers at renewal
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AgendaMarsh owners issue further €1.1bn notes offering to acquire JLT
The notes offering is in addition to a $5bn notes issuance announced in January
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AgendaGallagher vs Ardonagh: Chilton’s Capsicum Re ‘conflict of interest’ influenced broker’s exit, court hears
The court heard on day three from the defence the reasons why staff said they wanted to leave Gallagher
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NewsAJ Gallagher accuses David Ross of ‘seeking revenge’ during poaching trial
Yesterday saw the first day of the trial where Arthur J Gallagher accuses Ardonagh of tactically poaching four employees
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NewsAXA puts 106 jobs at risk with two new SME trading centres
The new centres in Ipswich and Bolton are part of AXA’s ongoing transformation programme
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NewsMA Group expands skill set to fire and flood with acquisition
MA Group acquires specialist property restoration business to compliment previous purchases
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NewsAdmiral sinks to travel and household loss
Severe weather and subsidence claims saw the group post a household loss last year
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AgendaTulloch vows quick action to 're-energise' Aviva
Alongside its 2018 results, Aviva announced a new dividend policy to allow new boss Maurice Tulloch “financial flexibility” to implement his own strategy
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NewsGable being chased for £5.4m by administrators
The trustee of Gable’s bankruptcy has disputed that the collapsed Danish insurer owed money to a UK-based underwriter
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NewsHastings reveals solid results despite adverse weather
The broker launched an app and completed the implementation of Guidewire
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NewsGoCompare looks to Weflip for expansion
The aggregator believes Weflip, launched in 2018, has the potential to disrupt markets and “can deliver exceptional growth”
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NewsERS bounces back from 2017 losses with record profit year
GWP was down, with the specialist motor underwriter saying it writes for profit, not volume
