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Aviva commercial COR stays at 101%

Aviva has revealed a combined operating ratio (COR) in UK commercial lines of 101% for the start of 2012, an identical figure to the result for the first six months of last year.

Merlin in administration

Merlin Claims has entered administration with BDO confirmed as administrators over the Merlin group of companies.

XL swaps loss for profit

XL Group has announced a profit of $397.8m [£255.2m] for the first six months of 2012, reversing a loss of $1.6m in the same period last year.

Blanc promises big changes within six months

Axa’s Amanda Blanc has promised brokers that they will see substantial changes to its relationship management approach within six months as the insurer brings personal lines intermediary and commercial lines into one structure.

Ageas commercial COR dips to 100%

Barry Smith, chief executive at Ageas UK, has revealed that the provider’s combined operating ratio for commercial business improved to 100% in the first six months of 2012, from 104.3% in the same period last year.

Catlin soars into profit

Catlin Group has reported profits of $231m [£148.3m] for the first six months of 2012, as opposed to a loss of $201m in the same period last year.

Profits up at Ageas

Ageas UK has revealed that pre-tax profits in non-life business rose to £56.1m for the first half of 2012, more than doubling from £23.4m in the same period of 2011.

APC moves into PI market

APC has stepped into the professional indemnity (PI) market with the launch of a product designed to protect mortgage and finance intermediaries.

Aviva COR predicted to top 99%

Investec has predicted that Aviva’s combined operating ratio will hit 99.1% in its half year results due to be published on 9 August, a deterioration from the 96% reported for the first six months of 2011.

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