Company results
RSA boss Egan commits regional broker focus following Intact takeover
Egan says RSA's turnaround phase is over as he discusses what the sale to Intact will mean for the UK and International business.
Ardonagh's Q1 deal spend revealed
The consolidator has paid £111m in cash for deals including Marmalade, Hemsley Wynne Furlonge, AccuRisk, and Resilium as it also states it was paid £22.75m for Bennetts.
Income up in acquisitive Q1 for Ardonagh
Group income has increased to £199.7m as the consolidator flags a mix of acquisitions and organic growth.
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CII reports loss for 2020 due to "significant" pandemic impact
The professional body also saw a drop in membership numbers during the year.
Momentum turnover rises to £7.8m in 2020
MD Howard Pepper says that several factors enabled the company to achieve growth despite the challenges presented by the pandemic.
GRP spent £60m on 18 deals in 2020
Consolidator's financial results for the year ended 31 March 2020 show a pre-tax loss of £23.4m, but rising turnover and a 42% boost in operating profit.
Lloyd's to benefit from hardening rates as it continues to take action on underperforming business
CEO John Neal discusses Covid-19 related claims, the continuation of Lloyd's decile ten strategy and the future of the underwriting room.
Pandemic pushes Lloyd's back into full year 2020 loss
Market forecasts customer pay-outs in relation to the Covid-19 will reach £6.2bn on a gross basis.
Ardonagh's Ross "incredibly frustrated" with CMA over Bennetts
The CEO describes the experience, which saw the deal divested following CMA interventions, as an "extraordinary waste of money" as Ardonagh publishes 2020 results.
Ardonagh reveals £217.5m cash paid for deals in 2020
The figure includes its buy of Bravo Group, which owns Broker Network and Ethos, and its Arachas acquisition.
Pandemic pushes Ecclesiastical to 2020 loss
GWP in the UK and Ireland business grew by 7.6% while its COR worsened to 92.5%, as broking division saw modest profit rise.
Turnover and profit up at Romero
Leeds-based business says it is one year into its five-year goal to double in size as it aims to become the UK's largest independent broker.
Sabre reports profit fall as results are "heavily disrupted" by the pandemic
The motor provider posts £173.2m in GWP and a combined operating ratio of 75.3% in 2020.
Aviva’s Covid-19 BI claims exposure down to broker wordings
GI CEO Colm Holmes says provider has taken a proactive approach to paying claims as he discusses how Aviva was impacted by the BI test case and comments on its 2020 results.
Profit and turnover up for Admiral Group
Profit before tax was driven by strong reserve releases and lower claims frequency.
Aviva's UK operating profit falls in 2020
CEO Amanda Blanc sees opportunities for "material growth" in the UK market as commercial lines premiums continue to grow.
Hiscox posts £192m loss in 2020
Provider says results were impacted by the pandemic, as COR worsened to 114.5% while GWP remained flat.
Masojada: Hiscox regrets "anguish and uncertainty" caused by Covid-19 BI dispute
CEO discusses the need for the insurer to rebuild its brand and reputation as a result of the BI disagreement as insurer posts £192.4m loss for 2020.
Egan reflects on RSA UK numbers
CEO points to an underlying UK & Ireland COR of 96.7% and praises broker contribution as he looks ahead to Intact acquisition.
RSA UK COR deteriorates to 101.8%
The insurer said the UK figures were “heavily impacted” by Covid-19 and, excluding the pandemic the UK COR was 95.8%, as CEO Hester reflects on group performance since 2014 and flags exit.
ERS posts surge in profit for 2020
COR also improved, while GWP was down on 2019 after a number of products lines were "materially affected" by Covid-19.
Axa UK & Ireland P&C COR improves to 96.2%
The provider’s 2020 results showed that, despite a fall in revenue, COR improved as P&C business in the UK reports growth in personal motor and commercial lines.
Ageas reports 95.2% COR
The improved position was down to lower motor claims due to the lockdown as the insurer reports growth in broker deals for household and commercial.