Financial Ratings – Page 3
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NewsCar insurance premiums on the rise after 2020 dip – MoneySuperMarket
The comparison site attributes the increase to looser lockdown restrictions in Q4 2020
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NewsTravel insurance sector set to face more upheaval in 2021 warns IPP boss
The uncertainty that has accompanied the Covid-19 pandemic has put the travel industry into a huge amount of debt, and it could get a lot worse
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NewsNewly launched broker led by ex-Marsh director generates £500,000 GWP during first three months
The new broker has appointed a series of ’insurance heavyweights’ and entrepreneurs; it hopes to expand further in the coming months
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NewsPen Underwriting strikes capacity deal with Zurich for hazardous goods and tanker transportation
The five-year deal will see Zurich provide capacity for £165m worth of premiums
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NewsBrokers experience 30% decrease in available liquidity due to Covid-19 pandemic
Around 19,000 firms responded to the FCA’s financial resilience surveys last year, designed to determine the financial impact of the coronavirus pandemic on the financial services sector
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NewsClear brings in new chief exec as broker group aims to keep up M&A momentum
Appointment is aimed at freeing up the existing leadership team’s time to focus on acquisitions amid a ‘feeding frenzy’ in the market
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NewsPeter Cullum backed broker duo to form Manchester ‘powerhouse’
The two brokers are currently in talks about another local broker joining the business as part of its growth plans
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NewsSix biggest business risks pinpointed for year ahead
The need for robust organisational resilience plans and resources to ensure employee wellbeing are essential in the ‘new normal’
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NewsD&Os face rise in insolvency claims
Corporate bankruptcies will be a strong driver of D&O risk in 2021 in the UK and Germany, predicts Clyde & Co
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NewsAston Lark adds to marine portfolio with superyacht broker buy
Aston Lark buys another nautical business, just weeks after snapping up MS Amlin’s pleasure craft book
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NewsGovernment’s trade credit reinsurance scheme extended
The temporary support measures will now run until June 2021
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NewsMotor premiums fall by 2.5%
Figures for the last six months show a decline in premiums as fewer journeys made during lockdown
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NewsConvex parts with SCOR to secure post-Brexit EU access
Partnering with an EU entity is one of several ways by which a UK insurer or broker can continue to trade on the continent after Brexit
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NewsMotor insurers predicted to save £4.4bn on claims payouts this year
A dramatic shift in vehicle use has led to a decline in claims this year
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NewsPet insurance price hikes continue unabated
Pet ownership has been on the rise during the pandemic
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NewsEuropean Commission to extend Aon-Willis merger probe
The Commission has until May next year to make its decision on the merger
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NewsLloyd’s underwriting room to open on Wednesdays only amid Tier 4 lockdown
The London market took the same measure during the national lockdown earlier in the autumn
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NewsGRP reports year of growth despite pandemic headwinds
Global Risk Partners reported strong growth in 2020 fuelled by its acquisitions and underwriting performance
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NewsLloyd’s to stop insuring fossil fuel projects by 2030
The London market will aim to reduce premium income from fossil fuel to just 2% of premium income by 2022
