News

UK economy shrinks by 2% as pandemic takes its toll

The UK’s economy shrank by 2% in the three months to 31 March 2020, as a result of the Covid-19…

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Aegon reveals pre-tax income of £320m

International insurer Aegon has revealed pre-tax incomes of £320m for the first quarter of the year reflecting the “adverse mortality…

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Allianz UK GWP soars in Q1 results

Allianz UK has reported GWP of £1.02bn in its first quarter results, up from £494m during the same period last…

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Chancellor extends furlough scheme until October

Chancellor of the Exchequer Rishi Sunak has extended the Government’s furlough scheme until the end of October.

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AIG UK reports strong performance in first full year of trading

American International Group UK has published its full-year 2019 financial results, marking the first full operational year as AIG UK,…

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Liberty Specialty Market appoints Gavin Coley as head of specialty claims

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has announced the promotion of Gavin Coley as head of…

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Talanx Group faces pandemic-related loss of £275m

Talanx Group has announced that its underwriting and investments in the first quarter of 2020 have been negatively “impacted” by…

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Cornish Mutual appoints new finance director

Insurance company Cornish Mutual has announced the appointment of Clare Green as its new finance director.

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Argo reports £18m net loss in Q1 results

Insurance company Argo has reported a net loss of $18.8m (£15.1m) in its Q1 results compared with $91.2m (£73.4m) last…

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Home-working to lead to increased premiums

Home insurers could see a rise in premiums as risk shifts from commercial property to household insurance, according to new…

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