Company results
Willis COO Ghezzi to leave
Willis is to part company with chief operating officer Gioia Ghezzi as part of the broker’s programme of 200 job cuts, sister-title Post has reported.
Willis deputy Sullivan set to leave
Willis has confirmed that Martin Sullivan, the group’s deputy chairman, will leave in May 2013 “to pursue other interests”.
Major losses put Zurich's commercial COR at 'wrong side of 100%'
Zurich’s Steve Lewis has attributed poor commercial results in 2012 to a volatile market, with major losses occurring in the second half of the year.
Zurich's UK profits and GWP dip as COR passes 100%
Zurich’s UK general insurance (GI) business has reported a 46% reduction in business operating profit (BOP) for 2012, down to £85.3m.
Willis loses $805m in final quarter 2012
Willis Group has reported a net loss of $805m [£514.4m] for the final three months of 2012 compared with a profit of $25m in the same period of 2011.
RFIB reports improved turnover and Ebitda
RFIB Holdings has announced group turnover of £47.5m for the year ended June 2012, up 9% on the previous year.
Aspen weathers Superstorm Sandy to return to profit
Aspen Insurance Holdings weathered the impact of Superstorm Sandy to post a $280.4m (£178.1m) profit for the year ended December 2012.
Profits rocket at Catlin
Catlin Group has reported net income of $305m [£194m] for 2012, up more than 800% from the $38m reported in 2011.
Beazley sees threefold profit growth
Beazley has reported profit after tax of $214.6m [£136.4m] for 2012, up 320% from the $65.8m reported for 2011.
Markel reports significantly improved COR
Markel International has reported a combined operating ratio (COR) of 88% for 2012, a dramatic improvement on the 116% achieved in 2011.
Rural unveils schemes push and personal touch as GWP jumps
Rural Insurance has unveiled a "counter-intuitive" strategy to boost its local presence in 2013 as it revealed GWP leapt 30% last year.
On the increase
If insurers’ results reveal poor COR performance in commercial, will it prompt rating increases? Peter Hubbard asks
Aon reports profit and revenue up
Aon’s retail brokerage division has reported revenue of $6.1bn (£3.9bn) for 2012, up 1% from the $6bn reported for 2011.
AJG's 2012 broking profits jump by 11%
Arthur J Gallagher (AJG) saw its broking net profits jump 11% to $155.8m (£98.6m) for the 2012 full year, up from the $140.2m posted for 2011.
Acturis delivers 25% revenue growth in 2012
Acturis has announced revenues of £24.5m for the financial year ended 30 September 2012.
Ace sees profits rise as COR improves
Ace Group has reported pre-tax profits of $2.71bn [£1.72bn] for 2012 up 76% from $1.54bn in 2011.
Speculation mounts over potential Paymentshield sale
Towergate has appointed an investment bank to lead the £400m sale of Paymentshield, according to the Sunday Times.
Brightside hails policy growth
Brightside Group has revealed that it expects to report "significant growth" in turnover and profit for 2012 and has also unveiled a share buy back.
Revenues up at Hyperion as management mulls IPO
Hyperion Insurance Group has reported revenue of £110.6m for 2012, up 42% from the £87m reported in 2011.
Alway sees Jelf reaping “the bounty”
Group chief executive at Jelf Alex Alway has hailed the broker’s performance as the bounty of four years’ investing in staff and an integrated strategy.
Profits up at Jelf
Jelf has revealed an increase in insurance profits to £5.9m for the year ended 30 September 2012 from £4.9m in 2011.
Hodges bullish about more of the same
Towergate chief Mark Hodges has described no news as good news as the consolidator unveiled a 5% growth in Ebitda.
Towergate maintains Ebitda growth
Towergate has again produced a 5% increase in Ebitda with operating earnings of £119.5m in the nine months to 30 September 2012.
Broker reveals revenue and profit overstated by over £800,000
Allanfield Group has overstated its revenue and profit before tax for the financial periods ended December 2010 and 2011, and the six months ended June 2012.