Direct Line hikes prices as it tries to reassure investors it’s on track May 8, 2024 Insurer Direct Line has grown its written premium across its three main divisions as the firm looks to bolster investor confidence in its new turnaround strategy.
Hiscox: UK business in ‘growth mode’ as hard market continues May 2, 2024 Lloyd’s of London insurer Hiscox has grown its written premium by 8.3 per cent as the FTSE 250 carrier shrugged off a contraction in its London market.
The Notebook: What a house fire can teach the FCA about consumer duty breaches May 1, 2024 Lucy McNulty takes the Notebook pen to discuss the consumer duty, John Lewis' new interview process and a podcast recommendation.
Lack of major natural catastrophes puts Lloyd’s of London insurer Beazley on front foot April 29, 2024 For the full year, the company said it expected to report a combined ratio—a measure of insurance premiums taken as a percentage of losses paid out—in the low 80s on an undiscounted basis.
Lloyd’s of London leans on its unique qualities to ignite growth April 29, 2024 Since the first agreements between merchants and shipowners were inked in Edward Lloyd’s coffee house in 1698, the market has relied on paper-heavy face-to-face trading.
Time to celebrate one of London’s overlooked success stories April 29, 2024 The decline of London’s equity market has dominated the headlines, obscuring what has been one of the City’s great success stories.
Storm in a spinning teacup: Butlin’s sues Aviva over definition of flooding April 28, 2024 Butlin's is suing Aviva over the definition of a storm, after serious flooding forced it to shut its largest resort.
Lloyd’s insurance vehicle Inigo surpasses £885m in gross written premium April 24, 2024 The specialist insurer Inigo has surpassed $1bn in gross written premium as well as reporting skyrocketing results for its profit before tax
The AA: Rising insurance premiums help revenue surge but profits slashed April 24, 2024 Rising insurance premiums helped revenue at The AA surge to almost £1.3bn but a slowdown in its breakdown service saw profits slashed by more than 40 per cent.
Highest monthly car insurance rates ‘very hard’ to justify, industry boss admits April 17, 2024 A boss at the trade body for British insurers told MPs today that the highest rates paid by motorists for monthly cover are “very hard” to justify, as the industry faces criticism for hiking prices amid the cost of living crisis.