Consolidator says it completed £125m of investment in Q3 including its purchase of Usay Group in the UK, as it reports significant reduction in loss for the first nine months of the year.
The insurer stated premium rates on renewal business increased by 23% in Q3 2021.
The provider's profit before tax hit £103m, highlighting an increase in customer policies despite premium reductions across the sector.
Q3 figures for the global business show brokerage revenue of $1.5bn.
CEO Paul Anscombe flags how M&A and organic growth are helping the business expand despite the £670,000 cost of Covid.
The broker, which was bought by Gallagher earlier this year, reports increases in turnover and profit for 2020.
Despite a sharp drop in pre-tax profit, the broker managed to achieve increased turnover for the year ended 31 December 2020.
Refinancing sees the insurer, which also owns Complete Cover Group, move back into profit in 2020.
Profits slip but income is steady and operating profit almost doubles as report flags the business’s £50m Abacai launch and acquisition of broker Dayinsure.
The broker has named Emma Rawlinson as Atlanta CEO and promoted Ian Donaldson to the role of CEO of Ardonagh Retail.
Broker, SEIB, which is part of Ecclesiastical, also reported increases in commission and fees.
Interim results for H1 2021 highlight group loss but directors flag “robust” numbers as the business looks to recover from £57.1m loss in the same period last year.
The results of Insurance Age’s annual study into the top 50 brokers and providers in the personal lines market are in.
Market reveals a profit of £1.4bn as well as an improved COR of 92.2% as gross written premiums also increase.
Cuvva COO Andy Tomlinson talks about the company's evolution, the rise of on-demand products and the broker's plans for the future.
The consolidator's accounts show it spent a total of £92.8m on deals during the year, as it also reports increases in turnover and Ebitda.
Consolidator reports loss for the period of £41.3m, while total income for the group hits £433.2m in the first half of the year.
The broker says the business plans to continue to develop its expertise in areas such as property and construction as well as expanding into new markets.
COR improved to 75.2%, while its lockdown rebate cost the provider £21.1m during the six-month period.
GWP in property & casualty went up to £1.5bn for the first half of 2021.
Focus on simplification, digitisation and broker relationships drives growth for the insurer.
The division showed significant improvement in performance compared to the first six months of 2020.
The insurer also delivered a 30% increased profit after tax for the first half of 2021.
Provider points to continued impact from Covid-19 as well as competitive market conditions and the run-off of certain portfolios as it also reports a COR of 91.7%.