Company results
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.
HomeServe profits rise but falling customers impact revenue
HomeServe has reported an operating profit of £27.1m for the six months ended September 2012.
Kerry London reports £161,933 loss for 2011
Kerry London Group Limited (KLL) has announced a loss of £161,933 for the 2011 financial year, an improvement on the previous year’s loss of £209,174.
Frontrunner for Aviva top job revealed
Mark Wilson, former chief executive of Asian life insurer AIA, is frontrunner for the chief executive role at Aviva, according to reports.
Zurich UK stung by "exceptional' commercial loss
Zurich UKGI's operating profits for the first nine months of 2012 have dropped to £57m, down from £72m posted for the same period last year.
Amlin UK sees market hardening
Amlin UK has reported an average hardening of rates across its renewal book of 5.2% for the year to date.
Torrance: A strong performance
Chief executive Andrew Torrance has hailed Allianz UK’s performance as “very strong” as it reported profits of £115m for the first nine months of the year.
Dip in profits at Allianz
Allianz has reported a fall in profits to £115m for the first nine months of 2012, down from £123.6m in the same period of 2011.
Markel reports improved COR and GWP
Markel International has reported gross written premiums (GWP) of $705m [£442m] for the nine months ended September 30, up 4% from $677m for the same period of 2011.
Ageas chief excited by Groupama deal
Barry Smith, chief executive of Ageas UK, has spoken of his excitement about the insurer's future prospects in the wake of the Groupama deal.
Profits up one-third at Ageas
Ageas UK has reported a 36.4% increase in pre-tax profit to £106.7m for the first nine months of 2012.
Hiscox UK's GWP edges up by 1.1%
Hiscox UK's retail business saw gross written premium (GWP) growth of 1.1% for the first nine months of the year, compared to 2011.
Admiral Group sees turnover slip by 2%
Admiral Group saw its group turnover edge down by 2% for the third quarter this year, compared to the same period in 2011.
Direct Line rues "subdued" investment returns
Direct Line Group has rued "subdued" investment returns as its profits fell for the first nine months of the year.
Aon reports 2% organic growth for retail brokerage
Aon's retail brokerage organic revenue increased by 2% in the third quarter of 2012, according to its results.
Axa reports improved revenues and rates in UK & Ireland
Axa’s UK & Ireland operations have reported property & casualty (P&C) revenues of €3.2bn (£2.5bn) for the first nine months of 2012.
Willis chief hails "impressive turnaround" of its UK business
The "impressive turnaround" of Willis' UK business during the third quarter of 2012 was welcomed despite the broking giant seeing its net income drop by a third, according to its latest financial results.
Profits up at Transactor
Transactor Global Solutions Limited (TGSL) and associated companies has announced a 20% increase in pre-tax profits to £600,000.
Blanc warns on commission disclosure
Peter Blanc, chief executive officer at Oval, has warned that brokers should expect full transparency on commissions within five years.
Arthur J Gallagher blames acquistion costs for 2011 loss
Arthur J Gallagher UK blamed acquisition costs for its £2.8m loss for the year ended 31 December 2011.
Autonet reports £5m jump in turnover
Autonet Insurance Services has reported a turnover of £25.4m for 2011, compared to £19.8m for the year before.