Results – Page 44
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'Institutionally sexist' - Lloyd's attacked by Jeremy Corbyn's City chief
Shadow City minister is latest to condemn Lloyd’s amid ‘horrific’ reports of rampant sexism, harassment and bullying
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Scandal-hit Lloyd's woes deepen as it crashes to £1bn loss
Lloyd’s of London suffers another massive blow as catastrophes spark a huge loss
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Gallagher vs Ardonagh: David Ross attacks Gallagher for “morally bankrupt” loan offer
Ardonagh chief executive David Ross told the court yesterday that what led to a struggling employee taking a £625,000 loan from Ardonagh’s owners was a problem of Gallagher’s own making
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'The best people will leave' - ex-JLT boss worrying view on Marsh deal
Former JLT commercial director James Twining has given a worrying and bleak assessment of Marsh’s takeover of JLT. Twining warns that JLT’s swagger and culture of independence will likely phase out and the ’best people will surely leave, as they always do.’ Marsh’s regulatory approval for the takeover is impending. ...
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EXCLUSIVE: Zurich 'temporarily withdraws' from direct home insurance market
The move is part of “an ongoing review of strategy” following the sale of specialist student insurance broker Endsleigh in January 2018
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Marsh 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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LV= 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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'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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LV= 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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Fraudulent claims increase by 27% in 2018
According to Cifas, household and motor claims saw the largest increases
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Sedgwick 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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Trailblazer 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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Marsh 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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Gallagher 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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AJ 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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AXA 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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MA 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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Admiral sinks to travel and household loss
Severe weather and subsidence claims saw the group post a household loss last year
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Tulloch 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