Broker posted a loss of £669,000 for 2019 as it projects a return to profitability in 2020 as a result of streamlining and reorganisation.
COR deteriorated to 92.2% as provider says results were impacted by Ogden and restructuring costs.
GoCo Group’s preliminary results suggested operating profit would drop more than 46% amid transformation plan.
Provider reports growth in GWP, but admits household broker business in the UK has been impacted by “tough pricing action” following an increase in claims.
Profit and GWP improved at the motor provider.
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Egan points to growth in RSA's regional commercial broker book as UK business moves back into profit.
Performance at group and UK & International level improved and COR was 95.0% as the business noted the impact of discipline and portfolio exits.
CFO John Worth said results were driven by elevated claims as the business reports rising GWP in every division except van.
UK CEO Jon Dye comments on the insurer's financial results for 2019 and discusses broker support and acquisitions.
Challenging fourth quarter hits the provider as operating profit falls by 35% but CEO Dye remains upbeat.
Provider posted rising revenues in both commercial and personal lines.
Ageas UK CEO, Andy Watson, discusses the issues impacting the provider's 2019 results and recent changes in its broker business.
CEO Andy Watson says results were driven by difficulties in the motor market.
The division, which includes its UK business, also saw an improved combined operating ratio of 95.4%.
Executive chairman Ashwin Mistry says firm's income and GWP have been impacted by broker members selling up.
Firm reveals an increase in turnover but a drop in Ebitda for the year as it lists consolidation and Brexit as challenges affecting the business.
UK CEO, Tulsi Naidu, says provider has seen growth in its broker business as it reports rise in GWP and an improved COR.
Turnover remained flat at the franchise business.
Broker posted rises in income and Ebitda of 10.5% and 11.7% respectively.
CEO Andrew Horton says provider is committed to regional brokers through its Birmingham office despite recently pulling out of UK regional marine.
Financial results also show that revenue grew 10.2% at Marsh in 2019.
Broker also posts rise in revenue for the year as CEO Greg Case says business saw its strongest level of organic growth in over 15 years.
Profit for the broking segment grew by 25%.