Results – Page 37
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Online onlyArron Banks' Eldon Insurance sees profit rocket
The broker is now focusing on artificial intelligence and machine learning as it targets further growth
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Online onlySaga insurance profits dive in ‘challenging market environment’
Broker challenged by regulatory crackdown on dual pricing and tough market conditions
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Online onlyLloyd’s posts £2.3bn profits but underwriting deteriorates
Lloyd’s boosted by strong investment performance but much work remains on underwriting
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NewsCRL closes door to new business in wake of Alpha collapse
All policyholder enquiries are being directed to BCR Legal Group
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AgendaGallagher buys landlords insurance broking group
Brentford-based group claims to manage the insurance requirements of over 140,000 policyholders
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AgendaGoldman Sachs completes Aston Lark deal
Initial private equity owner Bowmark Capital also reinvests in Aston Lark
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AgendaDAS UK signs deal to cover customers of lettings disruptor
A new automated claims process has been built which will communicate with landlords
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AgendaInvestment house takes minority stake in Carrot owner
Telematics group promises investment in the development of new products and services with funds
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NewsAllianz posts improved fraud savings for H1 2019
Allianz’s fraud manager, James Burge hails a “fantastic result” after bringing the application and claims fraud teams together
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NewsApplication fraud dominates as average tops £12,000 per case
However, one fraud worth £1.2m was detected, and around 1300 fraudulent cases are exposed every day
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NewsClose Brothers signs exclusive contract with Coversure
Close Brothers and Coversure agree long-term contract covering both personal and commercial lines
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AgendaAon MGA pulls out of solicitors PI market
Several Lloyd’s capacity providers previously supporting Aon MGA Maven had withdrawn their capacity as part of the Lloyd’s profitability review
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NewsAll Swinton retail branches now closed, Ardonagh confirms
Integration of Swinton is said to be nearly complete, with another £11m planned to be invested in the process through the second half of 2019
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NewsBravo Group reveals purchase price of every acquisition in 2018
Broker Network-owner Bravo Group has revealed the price paid for each of its 10 acquisitions last year
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NewsBrightside appoints new broking director and CFO
Russell Bence has left the Bristol-based broker to pursue other interests
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AgendaFSCS compensates policyholders as Alpha replacement cover deal collapses
After multiple extensions to find replacement cover for customers on 10-year latent defect policies, the FSCS today said policyholders couldn’t wait any longer
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AgendaBig Ogden hit takes QBE into underwriting loss
QBE had been expecting the Odgen rate would be reset to 0.25%
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NewsSteep rise seen in insurance admin fees as FCA clampdown looms
Cancellation and adjustment fees rose well above the rate of inflation, according to aggregator
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Online only‘I’m not interested in adequate’ - Tulloch’s Aviva battle cry
Avvia chief executive Maurice Tulloch says company can do ‘much, much better’ amid half-year results call
