Company results
Profits break £10m mark at Confused.com
Admiral, owner of Confused.com, has reported that the price comparison site posted a profit of £10.2m for the first half of 2013, up on the £8.4m recorded for the same period last year.
Rural reports substantial growth
Rural Insurance has announced almost 27% growth during the last financial year, Insurance Age can reveal.
Carole Nash boss targets 10% market share for classic car division
Carole Nash chief executive David Newman has targeted securing a 10% market share for the broker's newly-established Cherished Car division.
Ecclesiastical CEO reveals UK GI autumn restructure
Ecclesiastical group chief executive Mark Hews has revealed that the insurer will unveil a restructuring of its UK GI business this autumn.
Carole Nash bullish despite 16% pre-tax tax profits fall
Motorcycle broker Carole Nash saw its pre-tax profits dip 16% to £5.1m for 2012, down on the £5.9m posted for 2011.
Ecclesiastical's group profits treble as UK performance improves
Ecclesiastical saw its group pre-tax profits treble to £24.4m for the first half of 2013, up on the £8m posted for the same period last year.
QBE's European COR falls "behind plan" to 95.7%
QBE saw its combined operating ratio (COR) for its European operations fall "behind plan" to 95.7% for the first half of 2013, a slight deterioration on the 95% posted for the same period last year.
Profits up at Amlin UK
Amlin UK has reported a profit on operating activities of £7.6m for the first half of 2013, up from £5m in the same period of 2012.
A round of applause
August is normally the silly season. The obsession with Jeremy Paxman’s beard in the national media shows the tradition is thankfully alive and well.
Zurich's Steve Lewis calls for better underwriting discipline across the market
Steve Lewis, CEO of Zurich’s UK general insurance (GI) business, has stated that he is “extremely pleased” with the provider’s results for the first six months of 2013.
Zurich UK GI sees £20m GWP drop while profit and COR improve
Zurich UK’s general insurance (GI) business has reported a £20m drop in gross written premium (GWP) for the six months to June 2013.
Aviva’s Spencer promises more efficiency for brokers
Chief executive officer of Aviva UK and Ireland for general insurance, Robin Spencer, has promised brokers more automation and digital methodology to drive efficiency.
Profits up at Aviva as premiums fall
Aviva has revealed a 5% increase in operating profits for its UK general insurance (GI) business to £239m for the first half of 2013.
Markel's combined ratio tips up to 90%
Markel International's combined ratio tipped up to 90% for the first six months of 2013, compared to 86% for the same period of 2012.
Hodges pleased with top-line growth
Mark Hodges, CEO of Towergate, has declared the 1% increase in gross written premium and 3% rise in income as "really important" and a "positive for the group".
Towergate bondholder report puts net borrowing at £896m
Towergate's quarterly report for bondholders has revealed a loss on ordinary activities of £11.39m for the second quarter of 2013.
L&G broker director sets sights on motor market entry
Legal & General's (L&G) broker and intermediary director Mark Holweger has set his sights on entering the motor market in partnership with brokers later this year.
L&G enjoys strong COR improvement
Legal and General (L&G) has revealed that its combined operating ratio for the first half of 2013 improved markedly to 81%, from the 91% recorded for the same period last year.
Towergate posts £10m loss
Towergate has revealed a loss before tax of £9.9m for the first half of 2013.
Esure records 16.9% post-tax profit rise to £44.3m
Esure Group saw its post-tax profit jump 16.9% to £44.3m for the first half of 2013, up on the £37.9m recorded for the same period last year.
Allianz UK CEO "content" to see broker motor book shrink
Jon Dye, CEO of Allianz UK, has stated that the company is in “very good shape”.
Ageas UK CEO Watson commits to motor schemes market
Ageas UK CEO Andy Watson has admitted that the insurer is watching motor "very closely" as prices and profitability continue to fall.
NIG owner’s commercial COR drops to 105.3%
Direct Line Group, owner of NIG and Direct Line for Business, has reported a combined operating ratio of 105.3% for the first half of 2013, an improvement on the 112.7% in the same period last year.
Allianz delivers profit and revenue growth
Allianz Insurance has unveiled an increase in GWP to £996.3m (H1 2012: £965.1m) and an increase in profits to £86m (H1 2012: £75.3m) for the first six months of 2013.