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Aviva responds to Direct Line’s £10.6m fine

Aviva has confirmed it was fully aware of the ‘historical’ accounting errors that have led to the Prudent Regulation Authority hitting Direct Line Group with a £10.6m fine and stated there will be no impact on the integration or the financial benefits it expects from the takeover. from Insurer - insuranceage.co.uk https://ift.tt/scvUPNK
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PRA fines Direct Line underwriter £10.6m

The Prudential Regulation Authority has fined UK Insurance Limited, a subsidiary and principal underwriter of Direct Line Group and now part of Aviva, £10.625m for a miscalculation of its Solvency II balance sheet during 2023 and 2024. from Insurer - insuranceage.co.uk https://ift.tt/QmsZGBw
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Sabre ‘all in’ on broker support as CEO Carter eyes growth after profit boost in 2025

Sabre is ready to grow with brokers as the provider promised the sector it “can rely on us to provide competitive prices through our part of the market through this year’” CEO Geoff Carter told Insurance Age. from Insurer - insuranceage.co.uk https://ift.tt/Xh5wMrv
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Alps enhances landlord legal expenses and rent protection product

Managing general agent Alps has updated its landlord legal expenses and rent protection product, in a move designed to support landlords as they navigate the implications of the Renters’ Rights Act. from Insurer - insuranceage.co.uk https://ift.tt/dqYxUch
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Sabre trims GWP but boosts profit in 2025

Motor specialist insurer Sabre grew post tax profits by 5.3% in 2025 and kept its ‘underwriting discipline’ as gross written premium shrank 14.2%. from Insurer - insuranceage.co.uk https://ift.tt/jpHSDo5
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Pen launches into mid-market PI

Pen Underwriting has launched into the UK mid-market professional indemnity space, Insurance Age can reveal. from Insurer - insuranceage.co.uk https://ift.tt/BhmZ7ES
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