Results – Page 22
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NewsFCA Covid test case ‘difficult time for insurers reputationally’ - Allianz chief Jon Dye
Allianz chief exec said he understood why brokers and customers might argue that the business interruption cover is there
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NewsAllianz Holdings half-year results bolstered by LV=GI
Allianz Insurance saw fall in operating profit during the first half of the year
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NewsPen Underwriting secures capacity deal to write 20% more premium for solicitors’ PI
The £100m deal started on 1 August
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Online onlyHiscox hints at appeal should FCA test case go against it
The company is one of many inurers battling policyholders who want a pandemic-related business interruption payout
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NewsAston Lark snaps up employee benefits broker
The acquisition boosts the brokers employer benefits offering
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NewsHiscox ups Covid reserving in face of ‘largest insured loss in history’
Hiscox revised its reserving upwards alongside taking into account potential business interruption payouts; the insurer believes its exposure to Covid-related BI claims could be between £10m and £250m
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Online only‘We need to take out more cost’ - RSA boss Hester on UK
RSA chief executive Stephen Hester today said more costs need to be taken out of the UK. The firm will build on the program launched at the end of last year.
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Online onlyGallagher posts ‘excellent’ results and eyes UK M&A
The broker’s bottom line was helped by a tightening of expenditure
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NewsBrit bottom line hurt by Covid-19 claims payouts
The insurer’s combined ratio went into negative territory in the first half of the year
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NewsRSA improves underwriting profit by 33% for 2020 H1
The insurer added within its H1 trading results that although ‘business interruption coverages are not expected to be eligible for Covid-19 claims, there are a number of areas where claims are being paid’
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News AnalysisLancashire falls to $23m H1 loss as Covid-19 claims hit hard
The insurer increased its loss estimate for Covid-19 to $42m
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NewsUnderwriting discipline sees Sabre results hold firm amid Covid pressures
The motor insurer said it was hard to predict what will happen to premiums this year due to ongoing Covid-related uncertainty
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NewsFCA proposes insurance relief extension for Covid-hit customers
The original measures were brought in this May
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NewsTwitter hack exposes potential for reputational harm
The confluence of Covid-19 and advanced social engineering techniques poses a growing threat - CyberCube
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Online onlyBriefing: Why PIB could be Gallagher’s next major UK acquisition
Gallagher will likely turn its attention to UK acquisitions again once Covid settles
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