Provider says results were impacted by soft market conditions in personal lines, along with adverse weather, claims inflation and uncertainty around Brexit.
The business is to become part of the Arch UK Regional Division and follows its deal to buy Axiom Underwriting earlier this month.
It is the first slip after two consecutive quarters of rising premium but experts warn that there will be increases again in future.
Private equity owner Aquiline has completed a strategic review of the business.
The Ardonagh Group results showed that the personal lines broker contributed £146.3m in pro forma income.
The broker has bought the UK’s largest beach hut insurance provider in its first deal since an MBO at the business.
Regulator updates guidance in terms of travel insurance for individuals with pre-existing medical conditions.
The provider announced yesterday that it will offer three year fixed price insurance to customers as it seeks to increase loyalty and arrest profit downturn.
Saga reports “disappointing” retail broking results as it claims first with three year fixed pricing for insurance via direct channels, moves away from the focus on price and changes renewal pricing.
Firm denies immediate plans to list as former Hastings MD Michael Lee joins the business.
The provider claimed that SmartQuote uses big data to find home insurance quotes in as little as one question if the broker knows the client.
Insurer says home products can still be bought through the broker channel.
Archipelago, a personal lines managing general agent has been set up by former Aon-executives Richard Coleman and Angus Simpson.
GI CEO Steve Treloar said the business was working with 150 new broker partners and committed to further investment as 2018 results are published.
The tool, developed by Altus, enables firms to benchmark the work they are doing for vulnerable customers.
Following a consultation about the closures of Port Solent and Stoke-on-Trent centres Ageas expects 430 redundancies.
Report outlines the insurance risks for customers active in hosting AirBnb guests due to gaps in cover.
Phil Bayles and Rob Townened discuss the provider's UK results, new CEO Maurice Tulloch, and future plans for brokers.
The Competition & Markets Authority has set up a panel to explore how its recommendations are being implemented.
The British Insurance Brokers’ Association has joined forces with InsurTech Worry+Peace to help brokers bolster their ability to trade digitally.
Combined operating ratio remained flat at 93.8%.
Broker business NIG's GWP was flat, while the number of in-force policies grew.
Citizens Advice calls for dual pricing discussion to “begin from the assumption that pricing differences are unfair” at Parliamentary meeting of regulators and trade bodies.
CFO Richard Hoskins hails "solid results" despite competitive market and says broker will continue to invest in data and digital engagement.