Company results
Ecclesiastical reports £59.7m loss after Covid-19 hit
GWP was up by 9% in the first half of 2020, while the provider's COR worsened to 101.1%.
Right Choice posts turnover rise for 2019
CFO Mark Mugge says specialist motor broker is gearing up to make acquisitions and predicts the personal lines sector will see rate increases as a result of the pandemic.
Zurich UK GI reveals H1 loss after Covid-19 claims hit £140m
CEO Tulsi Naidu points to positive working relationships with brokers throughout a "time of great stress" as she maintains that the provider is "very well positioned" for the future.
QBE makes H1 losses
The Australian insurer pointed to opportunities in the London and UK markets.
NIG sees premium growth in H1 as Direct Line posts profit fall
CEO Penny James comments on the provider's Covid-19 strategy as COR improves but in-force policies reduce.
Lycetts returns to profit in 2019
Broker reveals it recently undertook a strategic restructure, creating a single insurance division, and completed a deal for broker Robertson-McIsaac.
Ageas profit after tax slumps by half
The provider reported a result after tax of £22.8m compared to £45.4m in H1 2019.
Aviva UK numbers a product of Covid-19
UK COR hit 106.3% for the first half of 2020 as GI CEO Colm Holmes points to a strong underlying performance despite the business remaining in cost-cutting mode.
Blanc to focus on UK, Ireland and Canada to intensify Aviva growth
The CEO said that as part of this there may be some market withdrawals and “difficult” decisions as she reaffirms Aviva’s commitment to brokers as UK COR soars amid Covid-19.
Allianz hits almost £2bn in premium
However commercial business sees GWP decline in H1 2020 numbers as provider predicts £80m Covid-19 BI hit.
Hastings bought by Finnish/South African consortium
The deal values Hastings at around £1.66bn as the provider also publishes half year results.
Hiscox COR soars to 114.6% and losses hit $138.9m
The provider has also reserved $232m for Covid-19 related claims as it reports H1 2020 numbers.
RSA posts drop in premium in H1 2020
Provider expects Covid-19 premium slip of £110m for the group, including an estimated £81m impact in the UK & International business, as it also reveals a £33m loss on its UK and London market exit portfolios.
Sabre reports GWP of £86.9m for first half of 2020
The motor insurer said it had continued focus on a strategy of prioritising underwriting profitability over volume whilst reflecting Covid-19 impacts using a data-driven pricing approach.
Covid-19 hit pushes Beazley into pre-tax loss in H1 2020
Provider expects its pandemic-related losses to amount to $170m as it takes underwriting action in its liability lines of business.
Profits up at Thomas Carroll in 2019
Welsh broker also reveals turnover increase as CEO Rhys Thomas states the company is "confident" it will emerge from the Covid-19 crisis stronger than before.
PIB spent £75.6m on deals in 2019
CFO Ryan Brown says the consolidator has a "very healthy pipeline" of future acquisitions, as PIB's GWP hits £986m.
Biba reports conference cancellation coverage
The trade body said in its accounts that it was “indemnified against significant financial loss” and is now looking at how it can host future events.
Flood Re incurs £160m in claims for 2019/20
The government-backed flood insurer paid out more than in its first three years combined, plus, it also welcomed changes to the scheme enabling discounted premiums.
CDL reports falling profits and turnover for 2019
Commercial director Nigel Phillips says performance was impacted by the "challenging economic and political climate".
Chubb flags huge Covid-19 losses
The global insurer has estimated a $1.36bn hit arising from Covid-19.
Arag posts turnover rise for 2019
But the business also saw a fall in profits as MD Tony Buss says provider has revised its expectations for 2020 due to the pandemic.
UK profit for Ecclesiastical slips to £20.4m
The results for 2019 showed a decrease in profits but GWP grew by 3.6% to £257m as broking division makes a loss.
Acturis reports revenue rise in 2019
Software house has also seen a dip in operating profit as results reveal it paid £10.8m for Canadian business Zycomp Systems last July.