Financial Ratings – Page 59
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Markerstudy enters multi-year agreement with software specialists
Markerstudy will utilise Quotall’s cloud-based, e-trade platform system
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Travel broker founders set to make £30m as PE swoops in
Travel brokers set to make millions as Stackhouse Poland backer swoops in for £30m deal
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PERILS announces final loss estimate for Storm Egon
PERILS announces final loss estimate for the cyclone which hit France and Germany in January 2017
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Small brokers are thriving, says Broker Network
Year-end data reveals small, independent brokers are growing by 13% despite relatively flat market pricing
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Allianz to launch €1.1bn offer for Euler Hermes minorities on Monday
Allianz to buy 20.57% of Euler Hermes that it doesn’t already own.
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ABI reacts to PRA move on Solvency II
The PRA has proposed a number of changes to insurance reporting requirements under the Solvency II regime
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92% of global insurers yet to put their IFRS 17 solutions in place
Change programmes are expected to run between 12-30 months, and IFRS comes into effect on 1 January 2021
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Government's top 10 insurance suppliers in 2017 revealed
The government’s top insurance supplier was awarded £167m in frameworks and grants in 2017, more than double that of other top competitors
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1 in 5 Brits approached about making claims for holiday illness
ABTA is calling for the Government to tackle sickness claims ahead of this year’s holiday season
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UK General made an operating loss in 2017
“Exceptional costs” led specialist personal lines insurer to an operating loss for the 2017 financial year
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Investor appetite for high-value insurance M&A increasing – WTW
The number of M&A deals may be set to decrease, but insurers and investors will increasingly be looking to snap up higher-value insurance acquisitions
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Rebranded Insure A Thing teams up with Zurich
The start up formerly known as Insure A Thing will team up with Zurich to launch a “truly disruptive” bike policy
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Would-be R&Q CEO to step down amid "further disposals"
Randall & Quilter’s group chief financial officer has resigned as a director and will leave the company in June. He was meant to become R&Q’s chief executive later this year.
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Public sector quadruples terrorism insurance purchases
Public sector purchases of terrorism policies rose by 331% in 2017, according to the latest research
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FCA appoints new chairman
Charles Randell CBE will take his new position on 1 April, replacing the outgoing John Griffith-Jones
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Personal injury lawyers see drop in profits in face of government reforms
Nearly half said the costs of doing business had increased in the face of government reforms in the Civil Liabilities bill
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Markerstudy agrees sale of insurance business to Qatar Re
Announcement ends months of speculation about a sale
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Global reinsurance sees one of the worst loss years on record
2017 is proving to be one of the worst loss years on record for the global (re)insurance market, according to the latest 1st View renewals report from Willis Re