News
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.
LV Broker extends motor fleet coverage
LV Broker has launched an enhanced motor fleet policy.
Chartis sees COR improvement but still above 100%
Chartis has revealed it wrote $9.1bn [£5.85bn] in net written premiums for the second quarter of 2012, slightly down from $9.17bn in 2011.
Temp Cover bulks up senior team in growth push
Temp Cover has made three appointments to its senior team.
Former PAG directors join MPW
The founding directors of Palmar Avard and Galloway (PAG), Tony Avard and John Galloway, have joined Maidstone-based MPW Insurance Brokers.
Allianz's UK profits tick up again
Allianz saw its UK operating profits edge up to €92m (£72.3m) for the first half this year, up from €89m posted during the same period last year.
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.
Novae returns to profit and improves COR by almost 20%
Novae Group returned to profit in the six months ended June 2012, making £19m, compared with a loss of £30m in the same period of 2011.
Direct Line overcomes weather claims to post £135m profit
Direct Line Group overcame "worse-than-expected" home weather claims to post an operating profit of £135m during this year's second quarter.
Axa COR sneaks above 100%
Axa has revealed a combined operating ratio of 100.4% for UK property and casualty (P&C) business in the first six months of 2012, consistent with the 100% achieved in the same period of 2011.
JLT and Aviva in PI offering for small firms
JLT Speciality has struck a deal with Aviva to provide professional indemnity insurance (PI) for two to three partners solicitor firms.
Biba sweeps up with Gleaming Wholesale deal
The British Insurance Brokers' Association (Biba) has swept up Gleaming Wholesale to provide its new cleaning contactors scheme.
Stobart Group eyes up broking venture
Logistics business the Stobart Group is reportedly planning to venture into the insurance broking market.
RSA blames UK weather as group profits plummet by 40%
RSA has seen its group post-tax profits plummet by 41% to £164m for the first six months of 2012, down from £277m reported in the same period last year.
Broker Expo South – speakers revealed
The speakers have been revealed for Insurance Age's Broker Expo South 2012 offering brokers crucial, business-useful information and debate on hot topics from regulation to social media.
Revenues flat at Willis
Willis Group has reported a fall in commissions and fees to $837m [£538.6m] in the second quarter of 2012, down from $852m in the same period of 2011.
Mitsui Sumitomo employee grabs bronze in Olympic judo
Mitsui Sumitomo is celebrating after one of its employees won an Olympic medal at the London 2012 Games.
Music supremo targets broker hit with social media offering
The man who signed rock band The Killers is now hoping to crack the insurance market with a new social media-based release for brokers.
RSA swoops to appoint Cofunds' head of commercial
RSA has confirmed that Cofunds' head of commercial Russell Lancaster has been appointed as distribution director for its UK commercial business.
Lockton expands Manchester team with ex-Lucas Fettes hire
Lockton has expanded its Manchester-based regional wholesale business with the appointment of former Lucas Fettes MD, David Lee.
HCC posts $60m net earnings rise
Specialty insurance group HCC Insurance Holdings has posted net earnings of $176.1m (£112.7m) for the first six months of 2012, up on the $116.5m recorded for the same time last year.
Gallagher reports 75% jump in profit
Arthur J. Gallagher has reported a profit of $99.8m (£63.8m) for the six months ended June 2012.