Old Mutual expects up to 45 per cent jump in profit on ‘exceptional growth’ in new business March 12, 2024 Pan-African financial services group Old Mutual has said it saw profits surge as much as 45 per cent last year due to “exceptional growth” in new business.
Direct Line to prioritise profits in bid to shake off Ageas interest March 10, 2024 The new boss at Direct Line is is bringing forward his plans for turning around the business in an attempt to rebuff a £3.1bn takeover bid from Belgian insurers Ageas.
Royal London plots bulk annuities push as profits rise March 8, 2024 Life insurer Royal London said it was looking to push further into the booming bulk purchase annuities market today as it posted a 19 per cent rise in profits for the year.
Lloyd’s of London’s underwriting profit nearly doubled in 2023 following ‘outstanding’ year March 7, 2024 The market’s combined ratio - a measure of insurance profitability - improved by 7.9 percentage points to 84 per cent from 91.9 per cent in 2022.
Admiral posts 23 per cent jump in profit on price hikes but lowers dividend March 7, 2024 Insurer Admiral has posted a surge in profits as it reaped the benefits of price hikes, offsetting the impact of higher claims inflation.
Aviva: Costs down, profits up, and a private healthcare boom as Britain gives up on the NHS March 7, 2024 Insurance giant Aviva has posted a rise in annual profits as it rewards shareholders with a £300m buyback and upgraded dividend guidance.
Insurer Lancashire plans £93m special dividend after swinging to profit March 6, 2024 City-based insurer Lancashire has unveiled a special dividend aiming to award around $119m (£93m) to shareholders after swinging to an annual profit.
Hiscox benefits from marketing blitz as insurer posts record profits and launches £118m buyback March 5, 2024 Hiscox benefits from marketing blitz as insurer posts record profits and launches buyback
Leadenhall Market: Security ‘fully briefed’ on eco-activists plan to hassle Thursday drinkers February 28, 2024 Extinction Rebellion protesters brought chaos to the Square Mile yesterday, blockading a host of insurance industry buildings.
Direct Line shares rocket higher after rejecting £3.1bn offer from Belgian peer Ageas February 28, 2024 This morning, Bloomberg reported Ageas had been working with advisers to put together an offer for Direct Line, but had seen its most recent offer rebuffed.