The Engage Tracker – Insurance – 07/04/2022

Hi,

Lots of exciting news and interesting market developments in this week’s Engage Tracker.

Colossal Catch

Insurance Broker LHK Group To Buy Two Smaller Rivals.

LHK Group, the Leinster-based insurance and financial planning broker have moved to acquire two smaller Dublin peers, Richardson Insurance Solutions and The Insurance Shop, for undisclosed sums.

Salient Snippets

Profit At Chill Insurance Surges By 10pc To €4.5m.

Operating profits at Chill Insurance rose more than 10pc to almost €4.5m in its last financial year, newly-filed accounts for the company show.

But an intercompany loan impairment totalling more than €1.3m pushed it to a pre-tax profit of just under €3m compared with €3.6m a year earlier.

Ireland To ‘Shine A Light’ On Insurance Claims Deductions.

The government of Ireland has said it wants insurers to disclose when they decide how much to pay out in claims if they are considering whether a policyholder has received state Covid-19 support.

Please email [email protected] or call on 016994530 to continue the conversation on any of the above points.