Company results
Swiftcover racks up £10m loss for 2011
Swiftcover Insurance Services recorded a £10.7m post-tax loss for the year ended 31 December 2011, a substantial fall from the £291,000 profit recorded for the previous year.
Brightside says half-year results would be "envy" of brokers
Brightside Group has announced robust growth for the first half of 2012 with revenue and pre-tax profit both rising.
Allanfield reports revenue and profit growth after 'hectic' year
Allanfield Group has reported a net revenue of £2.1m for the first six months of 2012.
Coface reports improved turnover and jump in profit
Coface has reported turnover of £808m for the first half of 2012, up 5.8% from the same period of 2011.
Esure reports improved profit, GWP and COR
Esure Group Holdings has reported a 46% improvement in profit for the first six months of 2012, at £60.2m compared with £41.3m for the same period of 2011.
Ai Claims owners report growth and profit
Quindell Portfolio has reported increases in revenue and declared a profit for the first six months of 2012.
Abbey Protection reports increased profit and GWP
Abbey Protection has reported a 3% improvement in its profit before tax, up to £5.2m for the first six months of 2012.
Editor’s letter - September 2012
“Insurers and brokers responded to the half-year results across the market by agreeing there appeared to be a glimmer at the end of the tunnel”
Mixed results leave brokers guessing
Insurer results paint a confusing picture of the current state of the market
Carole Nash chief satisfied with broker's performance
The chief executive of Carole Nash David Newman has described the broker's 2011 full-year figures as "satisfying" in a "very mature market".
Hodges upbeat over rise in Ebitda
Towergate group CEO Mark Hodges has promised “more of the same” for the rest of 2012 as the consolidator revealed an increase in Ebitda and reduced losses.
Profits stable at Confused.com
Admiral, owner of Confused.com, has revealed the comparison site increased total revenue by 7% to £43.2m (H1 2011: £40.4m) in the first six months of 2012.
Carole Nash reveals robust 2011 profits despite "economic squeeze"
Carole Nash has posted rising pre-tax profits and turnover for the year ended 31 December.
On-going woes for Towergate’s network division
The divisional breakdown of Towergate’s half-year figures has revealed that income and earnings for its network division have fallen again.
Towergate delivers rising Ebitda and reduced losses
Towergate Insurance has revealed a 5% increase in Ebitda to £80.6m for the first six months of the year from £76.7m in the same period of 2011.
Silly season
So here we are again, in the midst of silly season.
Co-op hails performance in face of summer flooding
The Co-op Insurance has weathered the effects of the June flood claims to post a £22m turnaround in its post-tax profits.
Ecclesiastical claims no need for broker concern over results
Ecclesiastical has moved to reassure brokers following its disappointing results for the first six months of 2012.
Co-op insurance operating profits soar
The Co-operative Insurance's operating profit rose by 346% to £30.3m (H1 2011: £6.8m) while its net earned premium edged up 2.9% to £297.5m in the first half of 2012 (H1 2011: £289m).
UK underwriting loss for Equity owner
Equity Red Star owner, Insurance Australia Group (IAG), has revealed that it made an underwriting loss on UK business of AU$23m [£15.21m] for the year ended 30 June 2012.
IAG writes off nearly AU$300m on UK arm
IAG has written off AU$297m [£196m] of all remaining goodwill and intangible assets for its UK division.
Ecclesiastical doubles underwriting loss as COR worsens
Ecclesiastical has reported a group underwriting loss of £14.4m for the first six months of 2012.
Profits up at Amlin
Amlin has returned to pre-tax profit in the first half of 2012 with a result of £184.5m reversing a loss of £192.3m in the same period last year.
QBE expects Brit purchase to deliver extra £175m GWP
QBE Insurance Group expects the purchase of Brit's UK regional business to deliver an extra £175m of gross written premium (GWP) in its first full year.