Wednesday, 12/12/2018 | : : UTC-5
Insurance Breaking News | Home & Auto Insurance
  • Brightside concentrating on £250m GWP inside 5 years
    Brightside concentrating on £250m GWP inside 5 years

    Dealer trying to digital for natural progress however can also be prepared to purchase. Brightside Group is trying to increase its 150,000+ coverage rely throughout automotive, van and SME to 300,000+ inside three to 5 years, in line with CEO Brendan McCafferty. “It’s completely doable,” he informed Insurance coverage Age explaining that the goal was […]

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  • Quizzical questions: 07 December 2018
    Quizzical questions: 07 December 2018

    You’re presently accessing Insurance coverage Age by way of your Enterprise account. If you have already got an account please use the hyperlink under to check in. When you’ve got any issues together with your entry or want to request a person entry account please contact our customer support workforce. Telephone: 1+44 (zero)870 240 8859 […]

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  • Pre-tax lack of £20m for GRP
    Pre-tax lack of £20m for GRP

    Nevertheless Mike Bruce factors to four% natural progress and suggests the enterprise is on monitor to purchase “double digit” companies, together with MGAs, in 2019. International Danger Companions (GRP) achieved natural progress of four% for the yr ending March 2018. That is in accordance with a press release posted by GRP forward of its outcomes […]

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  • Turnover up at One Dealer for 2018
    Turnover up at One Dealer for 2018

    Prices of Gibbs Denley purchase knocks income. One Dealer has reported a 27% leap in turnover for the yr ended 31 Might 2018, in response to a submitting at Corporations Home. The rise to £6.39m was enhanced by the acquisition of Gibbs Denley Insurance coverage Providers on 9 June 2017, nevertheless managing director Robin Plaster […]

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  • Bridge breaks by way of £10m barrier
    Bridge breaks by way of £10m barrier

    Manchester-based dealer posts hovering income. Bridge Insurance coverage Brokers achieved £10.7m of turnover within the yr ended 31 March 2018, a 9 % rise on 2017. The determine took the Manchester-headquartered agency by means of the £10m barrier having delivered £9.6m in 2016 and £9.8m in 2015. In response to a submitting at Corporations Home, […]

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  • Allianz UK improves COR to 96.zero%
    Allianz UK improves COR to 96.zero%

    The Q3 outcomes mirror impression of three way partnership with LV as business strains stays secure and private strains boosts efficiency. Allianz UK reported a Q3 2018 mixed working ratio (COR) of 96.zero%, an enchancment on the 98.5% posted in the identical interval final yr. Gross written premium (GWP) fell barely to £1.53bn from £1.59bn however […]

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  • Willis IRM eyeing acquisitions – Insurance coverage Age
    Willis IRM eyeing acquisitions – Insurance coverage Age

    Enterprise looking for small to medium brokers who want a succession plan. Willis Insurance coverage and Danger Administration (Willis IRM) is pursing progress by way of acquisitions and is predicting 30% progress in turnover inside the subsequent three years. In a Corporations Home submitting the agency reported turnover of £four.34m for the yr ended 31 […]

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  • Bollington set to purchase after Wilson merger and natural progress
    Bollington set to purchase after Wilson merger and natural progress

    Paperwork present the Wilson price ticket was £44.9m. Bollington Insurance coverage Brokers achieved an eight% uplift in turnover to £13.8m for the yr ended 31 December 2017, in response to paperwork filed at Corporations Home. Nevertheless post-tax revenue dropped to £811,000 (2016: £1.29m) with the agency citing “vital restructuring prices” with the merger into a […]

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  • Brokerbility and BHIB group lauds “greatest ever yr”
    Brokerbility and BHIB group lauds “greatest ever yr”

    Revenue and turnover rise in 2018. Brokerbility Holdings, the dad or mum firm for the Brokerbility community and Leicester-headquartered dealer BHIB, has reported revenue after tax of £1.35m up four% on 2017. The figures to 31 Might 2018 confirmed that turnover was up by 5% to £11.26m and Ebitda was additionally eight% forward at £2.88m. […]

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  • Brokers query RSA’s future after losses
    Brokers query RSA’s future after losses

    Market specialists predict extra insurers will comply with in RSA’s footsteps and pull again from unprofitable enterprise strains. Brokers have questioned the longer term for RSA after the insurer posted a £70m underwriting loss for Q3 2018 and stated it might take motion on pricing and portfolio reshaping. One dealer who declined be named described the […]

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  • Swinton reveals £32m loss for 2017
    Swinton reveals £32m loss for 2017

    Turnover additionally dipped on the dealer, which is about to be purchased by Ardonagh, as variety of stay insurance policies fell to 1.6m. Swinton has reported a pre-tax lack of £31.7m for the yr ended 31 December 2017 (2016: revenue of £13.1m). In accordance with a doc filed on Corporations Home, the dealer additionally posted […]

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