The Istanbul Film Festival is 40 years old
The 40th Istanbul Film Festival has started on April 1st at filmonline.iksv.org with 20 films' online premieres. This year, the festival spans April, May and June with a new screening program. First…
June 2019 / What’s this month in TurkishBritish?

03 I EDİTOR’S LETTER We are going to be the voice of Turkish business people… 06 I WELCOME The New Business and Lifestyle Magazine of the Turkish Speaking Community 08 I STATISTICS…

United Kingdom (UK) Private Landlord Insurance Market Report 2021: Market was Worth 716.8m in 2020 – Forecast to 2025 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “United Kingdom (UK) Private Landlord Insurance 2021” report has been added to ResearchAndMarkets.com’s offering.

We estimate the residential landlord insurance market was worth £716.8m in 2020, having contracted in recent years.

This report estimates the size of the UK’s residential landlord insurance market and explores how it has changed in recent years at a time when the buy-to-let sector has been hit by a host of regulatory changes. The tightening of regulation has led to a shift in the profile of landlords, which in turn has changed their insurance needs.

The report discusses drivers of the buy-to-let and private residential markets, which directly impact the private landlord insurance market. The report presents market size forecast data out to 2025.

The once buoyant market has been vulnerable to the fate of landlords. The profitability of buy-to-let (BTL) investors has been squeezed by a raft of tax and regulatory changes, forcing some landlords to sell their properties and exit the market. While there are fewer landlords in the market, on average those that continue to operate have more properties.

Multi-property policies are best suited to portfolio landlords, given the convenience of protecting all properties under one policy, but premiums come at a discounted price. The residential landlord insurance market is set for a bumpy ride going forward. COVID-19 has shifted tenant preferences away from city centers to more rural locations. Some investors may hold off on acquiring further properties until it is clear whether this change is temporary or long term.

Scope

  • The residential landlord insurance market was worth £716.8m in 2020.
  • Underinsurance remains the greatest opportunity for insurers, with 41.4% of landlords not having specialist cover or protecting their investment property at all.
  • The tightening of legislation has forced some landlords to exit the market, leading to new emerging client groups.
  • COVID-19 has eroded business from home-sharing platforms, forcing some landlords to switch their properties to traditional long-term lets.

Reasons to Buy

  • Understand the size of the UK’s private residential landlord insurance market and how it is projected to grow.
  • Identify the key trends and regulations shaping the private landlord insurance market.
  • Understand the changing demographics of landlords and their insurance needs.
  • Identify key players in the private landlord insurance market and to what extent they are providing innovative solutions
  • Benchmark your company against the rest of the market.

Key Topics Covered:

1. Executive Summary

1.1 The residential landlord insurance market has shrunk as landlords feel the BTL squeeze

1.2 Key findings

1.3 Critical success factors

2. Residential Landlord Insurance and Private Residential Market Overview

2.1 The residential landlord insurance market has contracted

2.2 A swathe of regulatory changes have made the BTL market less attractive for investors

2.3 COVID-19 stirs property prices to an all-time high

3. The Profile of Landlords

3.1 The profile of landlords is changing

4. Competitive Landscape and Product Distribution

4.1 Key players and elements of cover

4.2 Distribution dynamics

5. The Market Going Forward

5.1 The UK private landlord insurance market will stabilize

6. Appendix

Companies Mentioned

  • Admiral
  • Aviva
  • Direct Line
  • Halifax
  • CIA Insurance Pikl
  • Guardhog
  • Lloyds Banking Group
  • Airbnb
  • Homestay
  • Wimdu
  • onefinestay
  • RSA
  • Vrbo
  • Aon
  • Generali Global Assistance
  • More Than
  • Churchill
  • Privilege
  • Home Protect
  • Intelligent Insurance

For more information about this report visit https://www.researchandmarkets.com/r/sqaxma

Contacts

ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

2021 UK Motor Insurance Consumer Research Report – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “UK Motor Insurance Consumer Research Report 2021” report has been added to ResearchAndMarkets.com’s offering.

In 2021, 71% of consumers said they owned car insurance, which is the same percentage as in 2019. This means around 37 million consumers own motor insurance. The penetration of consumers who own motor insurance tends to rise with age, social grade and household income.

A new customer journey begins each year. Each year, over 90% of motor insurance policyholders are existing policyholders and their choice comes down to either renewing with an existing provider (around half renew each year) or switching from one provider to another (around four-in-ten switch each year). Less than 10% of consumers embarking on a new customer journey each year are new market entrants – i.e., buying motor insurance for the first time. Even if renewing, policyholders generally still embark on a new customer journey: over eight-in-ten of policyholders renewing still search for alternatives policies and/or negotiate for a revised deal from their provider before they agree to renew.

Just over one-in-five policyholders have made a claim on their motor insurance within the past five years, with just under one-in-ten claiming within the past year. Comparing claimants who have claimed in the past year with those who claimed 2 to 5 years ago, shows a drop in satisfaction among those claiming in the past year, based on the fact that outcomes worsened slightly, and the process seemed harder. One feature of the motor insurance market in the Pandemic has been the greater use of digital technologies and artificial intelligence to assess claims and damage to a car (if involved in a road traffic accident). Policyholders claiming in the past year are the most likely to have encountered the automated claims handling systems widely used by the main providers during the Pandemic: this could have lowered the satisfaction of these policyholders.

One-third of motor insurance policyholders have been impacted by COVID-19 when it comes to their motor insurance. The most common actions/experiences centre on premiums – either switching provider/policy to save money or being offered a rebate by their provider. The policyholders most impacted by COVID-19 tend to be younger professional policyholders, aged under the age of 45, from the AB social grades, who have made a recent claim.

Other findings from the report, include:

  • Motor insurance policyholders are price-focused. A large majority put price first when evaluating a policy and cover second. However, the final price paid, and the level of cover achieved by policyholders is often the outcome of policyholder/insurance provider negotiation: almost seven in ten policyholders negotiate with their provider before buying a policy.
  • When looking for insurance deals at the start of a customer journey, price comparison websites (PCWs) are by far the most popular resource. When it comes to purchasing, policyholders tend to buy their policies either directly from the provider or via PCWs. Other purchase channels show little usage.
  • When buying insurance, consumers continue to see each car in the home as a distinct item to insure, so few have multi-car cover and few opt for multicover policies.
  • Less than one-in-ten policyholders have a telematics insurance policy and penetration has changed little between 2019 and 2021, but there has been an increase in a willingness to get a telematics policy among policyholders without a policy at the moment.
  • Many policyholders bundle extra cover with their motor insurance policy: along with their motor insurance, almost four-in-ten take out motor legal protection and almost one-in-five breakdown cover.
  • Motor insurance policyholders show a liking for the security of high levels of insurance cover rather than being content with the bear minimum of protection. While most like to buy online they also show a relatively high willingness to get advice.

This report examines the motivations, experiences and opinions of the UK motor insurance customer. It will identify and analyse consumer attitudes towards motor insurance, look at the claims experience of drivers, and investigate why they choose one route to purchase over another. In addition, it will explore how price sensitivity is impacting the market and how COVID-19 has affected behaviours and experiences. Similar research was run in 2019 and comparisons between results in 2019 and 2021 are also made

Key Topics Covered:

  • Seven-in-ten consumers own car insurance.
  • The insured prefer standalone, mainstream policies.
  • Motor insurance policyholders like to minimise their risks.
  • The customer journey merry-go-round
  • Policyholders like to discover deals online, mainly via PCWs.
  • Policies are purchased via PCWs or direct.
  • Motor insurance purchases are price focused.
  • Brands are important but are not everything.
  • Most policyholders have a good experience.
  • Less than one-in-ten have claimed in the past year.
  • The claims process seems to run smoothly for most.
  • Almost one-third have been impacted by COVID-19.

For more information about this report visit https://www.researchandmarkets.com/r/lut5lb

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Contacts

ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Options Technology Announces Acquisition of Fixnetix from DXC Technology

LONDON & NEW YORK–(BUSINESS WIRE)–Options Technology, a leading provider of IT infrastructure to global Capital Markets firms backed by Abry Partners, today announced it had closed on its acquisition of Fixnetix, a DXC Technology Company (NYSE: DXC). Financial terms of the agreement were not disclosed.

Fixnetix provides outsourced front-office trading services to investment banks, hedge funds, proprietary trading firms and exchanges worldwide and was part of DXC’s global banking and capital markets business. This deal supports Options’ growth strategy and combines two industry leading teams committed to optimising the service offered to their customers across the financial sector. As a result of the acquisition, clients can avail of the extensive market data footprint covering the US, European and Asian Markets alongside ground-breaking R&D capabilities, including industry leading automation, monitoring and testing competences.

“We are excited to reach this important milestone with Fixnetix and view this acquisition as an opportunity to expand our service capabilities whilst providing further value for our customers and the overall market,” said Danny Moore, Options’ President and Chief Executive Officer. “Fixnetix and Options are highly complementary, and the deal combines Options’ comprehensive coverage in the US and Asia with Fixnetix’s European offering, allowing us to provide existing customers with the agility they need to respond to rapid changes in market dynamics.”

Tomer Yosef-Or, a Partner at Abry, said, “We are delighted to be able to support Options in this exciting transaction. We continue to be impressed by the Fixnetix’s team’s capabilities and believe the combination, supported with our capital, will provide enhanced quality and breadth of services to existing and new customers. The collaboration we have already seen between the two companies gives us great optimism in the ultimate potential for the organization. We are excited to bring this transaction to a close and move forward together with the united strategy of building a leading and differentiated global IT Managed Service Provider highly focused on the financial services vertical.”

About Options (www.options-it.com):

Options Technology is the No. 1 provider of IT infrastructure to global Capital Markets firms, supporting their operations and ecosystems.

Founded in 1993, the firm began life as a hedge fund technology services provider. Today, the company provides high-performance managed trading infrastructure and cloud-enabled managed services to over 200 firms globally, providing an agile, scalable platform in an Investment Bank grade Cybersecurity wrapper.

Options clients include the leading global investment banks, hedge funds, funds of funds, proprietary trading firms, market makers, broker/dealers, private equity houses and exchanges. With offices in 8 key cities; New York, Toronto, Chicago, London, Belfast, Hong Kong, Singapore and New Zealand, Options are well placed to service their customers both on-site and remotely.

In 2019, Options secured a significant growth investment from Abry Partners, a Boston-based sector-focused private equity firm. This investment has enabled Options to considerably accelerate its growth strategy to invest further in its technology platform and expand its reach in key financial centres globally.

Options has been named among the UK’s leading growth companies in the 2021, 2020, 2019, 2018 and 2017 Sunday Times HSBC International Track 200 league table.

For more on Options, please visit www.options-it.com, follow us on Twitter at @Options_IT and visit our LinkedIn page.

About Abry Partners (www.abry.com)

Abry is one of the most experienced and successful sector-focused private equity investment firms in North America. Since its founding in 1989, the firm has completed over $82 billion of leveraged transactions and other private equity or preferred equity placements. Currently, the firm manages over $5.0 billion of capital across their active funds.

Contacts

Press: Page McLaughlin

Email: page.mclaughlin@options-it.com

Pershing Square Holdings, Ltd.: Notification and Public Disclosure of Transactions

LONDON–(BUSINESS WIRE)–Regulatory News:

Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) (NA:PSH) notes that the information set out below is provided in accordance with the requirements of Article 19(3) of the Market Abuse Regulation (EU) No 596/2014 as it forms part of UK law by virtue of the European Union (Withdrawal) Act 2018.

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

WAFH LLC

2.

Reason for the notification

a)

Position / status

Person closely associated with William A. Ackman, CEO of investment manager to issuer

b)

Initial notification / amendment

Initial

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Pershing Square Holdings, Ltd.

b)

LEI

U7LC4KOKCTZ0YWGI2G56

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

1.

Public Shares (Share A)

2.

Public Shares (Share A)

3.

Put Option

 

Identification code (ISIN)

1.

GG00BPFJTF46

2.

GG00BPFJTF46

3.

NA

b)

Nature of the transaction

1.

Exercise of call options to acquire Public Shares

2.

Distribution

3.

Termination of put option

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

1.

15.90 USD

7,000,000

 

20.53 USD

7,000,000

2.

NA

14,000,000

3.

NA

7,000,000

d)

Aggregate information:

– Aggregated volume

– Price

 

Volume

(aggregate)

Price

(aggregate)

1.

14,000,000

18.215 USD

2.

14,000,000

NA

3.

7,000,000

NA

e)

Date of transaction

1.

29 March 2021

2.

31 March 2021

3.

29 March 2021

f)

Place of the transaction

1.

Outside a trading venue

2.

Outside a trading venue

3.

Outside a trading venue

Remarks: WAFH LLC, which is wholly owned by William A. Ackman, exercised call options referencing 14,000,000 Public Shares and distributed such Public Shares to William A. Ackman upon settlement. WAFH LLC also terminated put options referencing 7,000,000 Public Shares.

About Pershing Square Holdings, Ltd.

Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) (NA:PSH) is an investment holding company structured as a closed-ended fund that makes concentrated investments principally in North American domiciled companies.

Category: (PSH:InsiderTransactions)

Contacts

Media
Camarco
Ed Gascoigne-Pees / Hazel Stevenson +44 020 3757 4989, Media-PershingSquareHoldings@camarco.co.uk

Pershing Square Holdings, Ltd.: Notification and Public Disclosure of Transactions

LONDON–(BUSINESS WIRE)–Regulatory News:

Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) (NA:PSH) notes that the information set out below is provided in accordance with the requirements of Article 19(3) of the Market Abuse Regulation (EU) No 596/2014 as it forms part of UK law by virtue of the European Union (Withdrawal) Act 2018.

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

William A. Ackman

2.

Reason for the notification

a)

Position / status

CEO of investment manager to issuer

b)

Initial notification / amendment

Initial

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Pershing Square Holdings, Ltd.

b)

LEI

U7LC4KOKCTZ0YWGI2G56

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Public Shares (Shares A)

 

Identification code (ISIN)

GG00BPFJTF46

b)

Nature of the transaction

Acquisition

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

1.

NA

14,000,000

d)

Aggregate information:

– Aggregated volume

– Price

 

Volume

(aggregate)

Price

(aggregate)

1.

14,000,000

NA

e)

Date of transaction

31 March 2021

f)

Place of the transaction

Outside a trading venue

Remarks: William A. Ackman received 14,000,000 Public Shares in a distribution from WAFH LLC, which he wholly owns.

About Pershing Square Holdings, Ltd.

Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) (NA:PSH) is an investment holding company structured as a closed‐ended fund that makes concentrated investments principally in North American domiciled companies.

Category: (PSH:InsiderTransactions)

Contacts

Camarco
Ed Gascoigne‐Pees / Hazel Stevenson +44 020 3757 4989, Media-PershingSquareHoldings@camarco.co.uk