Company results
Profit margins for UK brokers at highest level in eight years
Figures from Plimsoll Publishing show average profit margins are 5.7% for the current year, after consistently increasing since last year.
Tokio Marine Kiln: Figures revealed following closure of UK arm
Most recent results for Tokio Marine Kiln Group show losses for TMKI which is now being placed in run-off.
PIB's £50m spending on brokers in 2018 revealed
Consolidator's losses increased in 2018, but turnover jumped to £106.8m as it is set to continue its buying spree after £200m debt refinancing.
Momentum Broker Solutions unveils 2018 results
Network saw operating profit rise by 71%.
Broker Network owner set to make more deals with fresh funding
Bravo Group to agree loan worth £80m earmarked for acquisitions from major bank, as the business reports growing revenues for 2018.
Unrated Gefion reports losses in 2018
Danish provider received cash injection to improve its solvency ratio on 6 May.
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Profits fall at Clear Group in 2018
But turnover rose by about 24%.
Ardonagh losses decrease for Q1
Income goes up for the quarter as Swinton is credited with assisting growth despite branch closures.
Allianz CEO Jon Dye partly credits broker support for the firm’s Q1 results
Commercial lines GWP increased, while the provider's COR improved to 94.8% in the first quarter of the year.
Finch Insurance Brokers reports increased turnover
Mike Latham said the business is on track to achieving 2020 goals as it looks to ICB merger.
AIG Europe moves back into profit
The business underwent a restructure in 2018 in preparation for the UK’s exit from the EU.
Lloyd’s reveals strategy change
The aim is to simplify access to the global insurance market and reduce the costs of doing business at Lloyd’s.
Gefion ordered to publish supplementary corrective accounts
The Danish regulator has told Gefion to restate its 2017 results and half-year report for 2018 but Gefion insists the business is healthy.
Profits fall at Covéa in 2018
Provider says results were impacted by soft market conditions in personal lines, along with adverse weather, claims inflation and uncertainty around Brexit.
Swinton performing better than expected for Ardonagh
The Ardonagh Group results showed that the personal lines broker contributed £146.3m in pro forma income.
Ardonagh losses shrink at first full year results
The business reported a total loss for 2018 of £111.6m, significant improvement on 2017's numbers.
Esure reports £15.4m pre-tax loss for "disappointing" 2018
Provider confirms it has not yet found a replacement for former CEO Stuart Vann who left the business in January last year.
Co-op Insurance reveals trading loss for 2018
Provider says results were impacted by bad weather as it gears up for deal with Markerstudy.
Saga falls to £134.6m pre-tax loss and pledges to change strategy amid renewal pricing row
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.
Sabre reveals flat set of results for 2018
Post-tax profit drops slightly as GWP remains flat at £210m.
Further losses at Lloyd's in 2018
Market reveals a loss of £1.0bn and a COR of 104.5% for 2018 as Neal admits "performance is not of the standard we would expect" .
Stable performance in “transitional year” for LV
GI CEO Steve Treloar said the business was working with 150 new broker partners and committed to further investment as 2018 results are published.
ICB Group reveals profit rise in 2018
Broker was recently bought by French firm Verlingue.