News
L&G remains upbeat despite profit drop
Legal & General has remained optimistic in the face of falling 2012 half-year profits for its insurance arm.
Lockton opens new Brighton office
Lockton has opened a new office in Brighton with the remit of servicing clients throughout the South East of England.
Motaquote warns of job losses and MD departs
CCV-owned Motaquote has confirmed that it is conducting a strategic review which could lead to the closure of its Williamstown Centre operation and a number of job losses.
L&G's half-year insurance profits halved after bad weather
Legal & General (L&G) saw its general insurance arm operating profit plummet by more than half to £8m for the first half of this year compared to 2011.
Biba chairman assumes business mentoring role
The chairman of the British Insurance Brokers' Association (Biba) Andy Homer has assumed a business mentoring role.
Lark director welcomes new beginning
The director of Lark Group has welcomed a new beginning at the broker following its management buyout (MBO) from previous owner Groupama.
Lark confirms MBO from Groupama
Lark Group has confirmed its successful management buyout from previous owner Groupama.
Allianz UK highlights broker strategy behind growth
Allianz UK boss Andrew Torrance has attributed the insurer's on-going growth to its "continuity of strategy and approach" with brokers in the market place.
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.
Former-Heath director signs up for HCB
The Health Claims Bureau (HCB) has appointed Karen Gamble as head of client relations as it aims to expand its corporate risk solutions capability.
Allianz UK lauds "exact repeat" of 2011 performance
Allianz UK has seen gross written premiums (GWP) edge up 5.6% to £965.1m for the first six months of this year, compared to £914m in the same period of 2011.
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.