Financial / Results – Page 55
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NewsAround 69% of customers use credit to pay for insurance – Premium Credit
Some who have used credit to pay for cover have not been able to claim on their insurance policy in the past five years
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NewsHastings Group reports £103m profit before tax in 2021’s Q3
Chief executive says the insurer is ‘well positioned to take advantage of upcoming market changes’ as it seeks to fulfil ambition of becoming ‘UK’s best and biggest digital insurance provider’
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NewsGRP eyes further M&A amid soaring premium growth
During challenging times for the industry, ‘2021 has been a sea change for GRP’, says chief executive
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NewsHiscox has paid out 5,153 BI claims in first nine months of 2021
In his last quarterly trading statement as chief executive, Masojada describes the insurer as being in ‘good shape’
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NewsFloodFlash expands relationship with reinsurer to strike capacity deal
Insurtech boss says the partnership will ‘set the standard for how underwriters and insurtechs can work together to address industry issues’
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NewsPrivate investment firm agrees to buy majority stake in Ripe Thinking
The insurtech’s leadership plan to use the investment to bolster business growth, including to branch out internationally
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NewsZurich agrees five-year capacity deal with travel insurer
The insurer will replace previous capacity provider Mapfre
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NewsGallagher’s net earnings up 22% in Q3 results as M&A ‘remains buoyant’
The broker predicts favourable revenue for Q4 if economic conditions improve following the Covid-19 pandemic
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NewsWillis Re takeover ‘on track’ – Gallagher
The transaction, which is due to close in Q4, will see Gallagher buy Willis Re for $3.25bn
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NewsMotor insurers pocket £3.3bn Covid windfall – ACSO
Pandemic linked lockdowns saw car insurers reap £118 per policy, states ACSO’s research
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NewsInsurtech investment surpasses $10bn in Q3 – Willis Towers Watson
Willis Re’s global head of insurtech warns that despite the huge amount of investment in the sector, this is only landing ’on the doorstops of the few’
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AnalysisProperty insurers fall to underwriting loss as Covid-19 and climate change hit hard
Business size affects insurers’ buoyancy in the property insurance market after 2020 brought business interruption claims and storm losses to firms’ doorsteps
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NewsGlobal commercial insurance prices up 15% in Q3 2021 - Marsh
Despite pricing levelling out in certain lines of business, the insurance industry needs to be ready as the ‘pressure on rates in cyber insurance’ continues, says broker president
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NewsLIVE: Top 50 Insurers 2021 Digital Edition
The definitive ranking of the UK’s top general insurers has been released – where has your firm placed?
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News‘MGAs need to look a little bit laterally’ when it comes to capacity - Mum
MGA boss also calls for more transparency around capacity provision, suggesting that brokers should be asking more questions
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NewsSix insurance associations sign open letter to MP ahead of Autumn Budget
The letter argues that the funding proposed is ’extremely important’ in continuing the trend of the UK being a leader in insurance innovation
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NewsBroker CEO Forum: Aviva needs to keep brokers ‘sweet’ following business disposals
Industry thought leaders believe the insurer has been ‘a huge disappointment for shareholders over the years’
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NewsCFC secures significant investment from two private equity firms
The firm has grown its employee count over the past three years, establishing a global footprint with more than 500 staff located across the UK, US, Europe and Australia
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NewsSeventeen Group reports 8.3% revenue growth amid Covid-19 pandemic
The broker’s strategic objectives remains to grow ‘both organically and through acquisition’
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NewsSabre suffers drop in GWP due to Covid-19 and FCA pricing reform
Profit before tax for 2021 is expected to be below the range of analysts’ forecasts
