Company results
NIG grows 16.4% in H1 2021
Direct Line Group reported that its commercial division, including NIG, delivered an increased operating profit of £43.6m.
RSA posts loss for first half of 2021
Following its takeover by Intact, RSA's UK, Ireland, Europe and Middle East operations also reports gross written premiums of £2.3bn.
Hiscox returns to profit in H1 2021
Provider also records rise in GWP and an improved COR of 93.1%.
Gallagher reports rise in brokerage revenues for H1 2021
Simon Matson, CEO, Europe, Middle East and Asia, said the UK division had seen organic growth of 9%.
Aston Lark reports Ebitda and revenue growth for 2020
The consolidator now places circa £900m in gross written premium and employs over 1,500 people in over 50 offices across the UK and Ireland.
Sabre reports COR of 74.4%
Results for H1 show GWP drop as motor specialist prioritises profitability over volume, joins Saga panel and flags creation of temporary insurance product in H2.
Profits up at CDL in 2020
The software house recorded a £52.7m turnover for the year, largely in line with its results for 2019.
Beazley returns to profit in H1 2021
Provider reports a COR of 94% as GWP rises by 22%.
Hiscox boss Bronek Masojada to retire after 21 years in post
Masojada is set to step down at the end of the year and will be succeeded by group CFO Aki Hussain.
Verlingue UK reports growth in 2020 financial results
The broker also revealed a plan to triple its international turnover and to grow its position as a large independent European broker.
Somerset Bridge Group posts £42.4m loss
The business, which claimed £614,000 furlough cash in 2020, was snapped up by Arch Re earlier this year.
Admiral flags “higher than expected” profit
The business suggested low claims frequency and unusually positive developments in the cost of bodily injury claims will boost its half year figures.
Biba reports a 36% turnover slump due to Covid-19
The trade body was forced to cancel its conference last year and make redundancies but said that due to managing funds “cautiously” it was able to return a small surplus.
Acturis posts revenue rise for 2020
The software house also revealed an increase in operating profit for the year.
Thomas Carroll turnover nears £12m
The Welsh broker has reported an overall increase in profits as CEO Rhys Thomas highlights the importance of investing in the company’s team.
RSA boss Egan commits regional broker focus following Intact takeover
Egan says RSA's turnaround phase is over as he discusses what the sale to Intact will mean for the UK and International business.
Ardonagh's Q1 deal spend revealed
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.
Income up in acquisitive Q1 for Ardonagh
Group income has increased to £199.7m as the consolidator flags a mix of acquisitions and organic growth.
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CII reports loss for 2020 due to "significant" pandemic impact
The professional body also saw a drop in membership numbers during the year.
Momentum turnover rises to £7.8m in 2020
MD Howard Pepper says that several factors enabled the company to achieve growth despite the challenges presented by the pandemic.
GRP spent £60m on 18 deals in 2020
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.
Lloyd's to benefit from hardening rates as it continues to take action on underperforming business
CEO John Neal discusses Covid-19 related claims, the continuation of Lloyd's decile ten strategy and the future of the underwriting room.
Pandemic pushes Lloyd's back into full year 2020 loss
Market forecasts customer pay-outs in relation to the Covid-19 will reach £6.2bn on a gross basis.