Insurer
Broking Break: Your Top Five
Ageas UK, Allianz and Towergate hit the headlines this week with stories on profit and loss, concerns from brokers and a sale.
Quizzical questions: 11 August 2017
Test your knowledge of the week's news with our topical quiz.
Ogden pushes ERS to “disappointing” trading loss of £13m
The COR was reported as 107.6% and GWP also fell as CEO says the results were driven by changes outside of the insurer’s control.
Zurich UK posts half year GI loss as Ogden hits
The combined operating ratio (COR) deteriorated to 118.8%.
Charles Taylor buys HNW loss adjusting group Criterion
The deal builds on CTA’s plan to grow its presence in specialist property and casualty loss adjusting markets.
Hoskins upbeat on Hastings results
The CFO hails topline growth and “continued momentum” following the half year figures.
The Blog Spot: Taking the opportunity amid big market deals
Siân Barton believes brokers should not fear the LV/Allianz deal and argues it is a chance to mine fresh opportunities.
Ageas UK sees “modest deterioration” in commercial business
The insurer is looking to grow the account via brokers and develop schemes.
GI profits halve at L&G for start of 2017
Combined operating ratio worsens to 95%.
Profit drops 68% at Ageas UK in H1 2017
Gross written premium fell 10% in the period to €1.07bn.
Brokers concerned about reduced choice following Allianz and LV deal
However, experts also see opportunities rising from the merger.
“Business as usual” for LV and Allianz following deal
No changes for brokers until the £500m deal goes through but bosses believe the “complementary businesses” are strategically matched and LV aims to become personal lines insurer of choice for brokers.
Quizzical questions: 04 August 2017
Test your knowledge of the week's news with our topical quiz.
Profit down but COR improves for Allianz UK
Insurer admits there is “some way to go to fill the financial hole” left by the Ogden rate change.
Allianz and LV announce deal to create £1.7bn personal lines insurer
Allianz is set to pay LV £500m for a 49% stake in the business as a first step but will move to own 69.9% long term paying £713m in total.
Holmes praises Aviva’s UK GI organic growth
The UK GI chief says brokers were key to achieving growth in first half of 2017 along with investment into digital.
Blanc hails "strong performance" at Axa UK
Group CEO reports growth in commercial lines and healthcare, while personal lines remains "more difficult".
Axa UK posts 5% revenue growth
COR improves to 97.7%.
LV in talks with Allianz on GI stake sale
Provider confirms advanced talks with Allianz on "significant minority stake" in the business.
GWP grows to £393.3m at Esure
Profit before tax also increases 44.6% for the first half of 2017.
Aviva GI profits grow and COR improves
Aviva UK & Ireland also reports 17% growth in operating profit to £259m as net written premiums go up and digital investment pays off.
LV partners with Adrian Flux on blood bikes scheme
Scheme provides cover for volunteers transporting blood to and from hospitals.
Kanye West sues Lloyd’s over cancelled gigs
The rapper is suing a number of Lloyd’s syndicates for $10m.
RSA UK underwriting profit takes Ogden hit
CEO Steve Lewis says results were also impacted by large claims and a claims inflation in household.