Egan says RSA's turnaround phase is over as he discusses what the sale to Intact will mean for the UK and International business.
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.
Group income has increased to £199.7m as the consolidator flags a mix of acquisitions and organic growth.
Planning for the expert supplement has begun, so if you’re an independent broker with GWP over £12m, and haven’t been invited before, please do get in touch.
The professional body also saw a drop in membership numbers during the year.
MD Howard Pepper says that several factors enabled the company to achieve growth despite the challenges presented by the pandemic.
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.
CEO John Neal discusses Covid-19 related claims, the continuation of Lloyd's decile ten strategy and the future of the underwriting room.
Market forecasts customer pay-outs in relation to the Covid-19 will reach £6.2bn on a gross basis.
The CEO describes the experience, which saw the deal divested following CMA interventions, as an "extraordinary waste of money" as Ardonagh publishes 2020 results.
The figure includes its buy of Bravo Group, which owns Broker Network and Ethos, and its Arachas acquisition.
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.
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.
The motor provider posts £173.2m in GWP and a combined operating ratio of 75.3% in 2020.
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 before tax was driven by strong reserve releases and lower claims frequency.
CEO Amanda Blanc sees opportunities for "material growth" in the UK market as commercial lines premiums continue to grow.
Provider says results were impacted by the pandemic, as COR worsened to 114.5% while GWP remained flat.
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.
CEO points to an underlying UK & Ireland COR of 96.7% and praises broker contribution as he looks ahead to Intact acquisition.
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.
COR also improved, while GWP was down on 2019 after a number of products lines were "materially affected" by Covid-19.
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.
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.