Company results
Hastings Insurance planning stake sale
Hastings Insurance Group is considering selling a minority stake in the business, according to reports.
Allianz's Torrance "content" with Q1 results as liability remains a concern
Allianz’s UK chief executive has praised the insurer’s "encouraging" first quarter results.
Allianz reports improved GWP, profit and COR for Q1
Allianz Insurance has reported gross written premium (GWP) of £506.6m for Q1 2013.
Zurich's UK GI COR and profits improve while GWP falls by 3%
Zurich’s UK general insurance business has reported a combined operating ratio (COR) of 96.5% for the first three months of 2013.
Amlin UK reports £10m jump in GWP as motor fleet shows "particular improvement"
Amlin UK has reported a £10m increase in gross written premium (GWP) for the first four months of 2013.
Aviva's UK COR worsens as net written premiums fall by 5%
Aviva has revealed a combined operating ratio (COR) of 98% for its UK general insurance business in the first quarter of 2013.
Strong market competition dents Ageas total income
Ageas UK has reported a 38% increase in net profit to £19.4m for Q1 2013 (Q1 2012: £14.1m) while the combined operating ratio improved to 99.9% (Q1 2012: 102.3%).
Alway praises “solid” Jelf performance
Jelf group chief executive Alex Alway has praised the broker's performance as “solid” in a challenging market.
Jelf reports revenue and profit growth
Jelf has revealed a 1.9% increase in group revenues to £35.9m (H1 2012: £35.2m) as Ebitdae grew 14.3% to £5.1m in the six months to the end of March 2013.
esure expects LASPO and gender-neutral gains as GWP rises
esure Group has seen its gross written premiums edge up to £124.1m for Q1 2013, a 1.6% rise on the same period last year.
Ecclesiastical CEO set for "major listening exercise" with brokers
Ecclesiastical’s new group CEO Mark Hews has told Insurance Age that the provider is undertaking a “major listening exercise” in order to move the business forward.
Quindell reports 900% revenue growth
Quindell Portfolio has reported revenues of £137.6m for 2012, over ten times the £13.7m revenue reported for 2011.
Hiscox UK sees GWP boost
Hiscox UK has revealed an 8.5% increase in gross written premiums (GWP) for the first quarter of 2013 to £96.7m (Q1 2012: £89.1m).
DLG sees profits rise as UK motor GWP takes a hit
Direct Line Group has reported a combined operating ratio (COR) of 98% for the first quarter of 2013, a 6.5% improvement on the COR posted in Q1 2012.
RSA reports flat UK premiums
RSA has reported net written premiums of £726m in the UK for the first quarter of 2013, up fractionally on the £725m written in the same period of 2012.
Markel improves COR by 5%
Markel International has reported a combined operating ratio (COR) of 92% for the first quarter of 2013, compared with 97% in the same period of last year.
Towergate bondholder report reveals £11.6m PowerPlace loss
Towergate racked up an £11.6m loss on the sale of PowerPlace, its annual bondholder 2012 report has revealed.
Das remains in profit as GWP rises
Das UK Group has posted a 10.5% increase in gross written premiums “and other technical income” for 2012 to £178.25m, up from £161.3m the year before.
Towergate looks to bond markets to refinance debt with £396m deal
Towergate has turned to the bond markets in a bid to refinance "certain existing debt instruments".
Aon enjoys 10% profit growth for Q1 2013
Aon has posted a 10% profit rise to $261m [£169m] from $238m for the first quarter of 2013, compared to the same period last year.
Towergate looks north with twin appointment
Towergate Insurance has completed two senior moves on the back of its recently announced UK regional restructure.
Admiral CEO reveals UK challenge as revenue drops
Admiral Group CEO Henry Engelhardt has admitted it is "not the right time" to grow its UK market share as the insurer's UK car insurance turnover dropped 9%.
Momentum cuts its losses in 2012 as turnover doubles
Momentum Solutions has reported a loss of £129,470 for 2012, down from a £289,993 loss posted last year.
No need to restructure Towergate network division, says Hodges
Towergate has posted a “strong set of results in the round” according to group CEO Mark Hodges.