Results – Page 29
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NewsAdmiral chief exec and co-founder David Stevens to step down
Insurer has already named Stevens’ successor
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NewsAdmiral profits soar amid ‘unusually’ high reserve releases
Insurer also said its focus on profit over growth has paid dividends
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NewsKPMG says increase in 10-year government bond yields is ‘music to insurers’ ears’
The firm’s economics team estimates a 1.9% uptick by the end of 2024
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Online onlyInsurance industry wants cut to IPT in new Chancellor’s first budget
A tax cut would boost insurance uptake and improve road safety, industry says
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NewsDirect Line shares buoyed as insurer outperforms expectations
Results fell within or below the guidance range in most areas
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NewsUK’s short-term political risk score improves drastically as a result of December election
Marsh JLT Specialty defines Britain’s short-term political risk score as ‘stable’
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NewsDirect Line reports fall in underwriting profit
A reduction in reserve releases and a challenging first half of the year hits the business
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Online onlySolvency requirements have reduced insurer failures across Europe
New research from KPMG reveals number and size of insolvencies has fallen since the Solvency I regime was introduced in 2004
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NewsArdonagh Group buys specialist agricultural underwriter
The transaction marks Ardonagh’s second acquisition for 2020 so far
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NewsSutton Winson aims to expand health offering with broker purchase
The broker is planning to grow through organic growth and cross-selling products
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NewsERS offers safe haven for brokers amid MGA exits
The specialist motor insurer aims to capitalise on market withdrawals by some of its competitors
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NewsTractable raises $25m with view to expand AI proposition worldwide
This brings the insurtechs funding total to $55m
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NewsHastings profits slump as claims inflation takes its toll
The company also saw its loss ratio deteriorate as it reported its annual results
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Online onlyDWIC 2020: Are African countries the new frontier for insurance?
With a rapidly expanding population and some of the fastest growing economies in the world, Africa could be a rich seam for insurers who make the right move
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NewsMarsh hires new global head of aviation
Garrett Hanrahan will succeed Simon Harker, who is retiring after a 44-year career
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NewsStanhope Cooper buys high net worth broker
Consolidation is expected in the high net worth market this year
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NewsFCA apologises for major data breach
The regulator admitted that the names, telephone numbers and addresses of some people had been mistakenly published
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NewsBe Wiser predicting profitable 2020
Chairman Mark Bower-Dyke says that although the past eight months have been ‘a challenging period’, the broker’s ‘hard work has paid off’
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NewsInsurance data sharing exposes ‘fundamental tension’ in customer expectation
Customers want fairer pricing, yet are reluctant to share their pwersonal data to acheieve this, study found
