Company results
LV's underwriting profit falls by 39% in 2019
But CEO Steve Treloar says premiums in the provider's broker business has grown by 24% after Allianz's personal lines business transferred to LV.
The Insurance Age Podcast: 6 March 2020
The Insurance Age team discuss the most popular news stories of the week.
Aviva confirms partial pull-back from personal lines broker market
General insurance CEO, Colm Holmes, says provider has exited some "unprofitable relationships" in personal lines, but highlights Aviva will "significantly invest" in the broker channel going forward.
Reserve releases drive bumper 2019 at Admiral
Increase in UK profits of £41m absorbed losses made in international insurance, Admiral Loans, and other business.
Aviva UKGI profit falls by 35%
Aviva says UK business was impacted by an alignment of the UK digital business with GI, as CEO Maurice Tulloch says provider has made "good progress" on its cost-cutting plan.
Be Wiser stems losses in 2019 results
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.
Profits fall at Direct Line in 2019
COR deteriorated to 92.2% as provider says results were impacted by Ogden and restructuring costs.
Go Compare owner sees profit slip
GoCo Group’s preliminary results suggested operating profit would drop more than 46% amid transformation plan.
Profit falls at Hiscox as COR reaches 105.7% in 2019
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.
ERS says Ogden drove up COR in 2019
Profit and GWP improved at the motor provider.
The Insurance Age Podcast: 28 February 2020
The Insurance Age team chat about the most popular news stories of the week.
RSA is "getting its mojo back" says UK boss Scott Egan
Egan points to growth in RSA's regional commercial broker book as UK business moves back into profit.
RSA reports “strong results” after “disappointing” 2018
Performance at group and UK & International level improved and COR was 95.0% as the business noted the impact of discipline and portfolio exits.
Hastings posts profit drop after "challenging" 2019
CFO John Worth said results were driven by elevated claims as the business reports rising GWP in every division except van.
Allianz committed to "under-performing" commercial property business
UK CEO Jon Dye comments on the insurer's financial results for 2019 and discusses broker support and acquisitions.
Allianz UK COR deteriorates to 97.8%
Challenging fourth quarter hits the provider as operating profit falls by 35% but CEO Dye remains upbeat.
Axa UK reveals revenue growth for 2019
Provider posted rising revenues in both commercial and personal lines.
Watson blames Ageas profit fall on motor book
Ageas UK CEO, Andy Watson, discusses the issues impacting the provider's 2019 results and recent changes in its broker business.
Ageas UK reveals 21% net profit fall
CEO Andy Watson says results were driven by difficulties in the motor market.
QBE International posts rise in GWP but fall in underwriting result for 2019
The division, which includes its UK business, also saw an improved combined operating ratio of 95.4%.
Brokerbility has 12 new members in the pipeline
Executive chairman Ashwin Mistry says firm's income and GWP have been impacted by broker members selling up.
Brokerbility posts mixed results for 2019
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.
Zurich UK reveals profit jump for 2019
UK CEO, Tulsi Naidu, says provider has seen growth in its broker business as it reports rise in GWP and an improved COR.
Coversure reports premium rise for 2019
Turnover remained flat at the franchise business.