Aon today reported commission and fees in its UK arm declined 8% to $167m in the second quarter of 2010 (Q2 2009: $181m).
JLT starts the year strongly with £70m of profits and good trading in Australasia and Latin America.
Willis has reported net income from continuing operations for the quarter ended 30 June 2010 was $89m. The figure is above last year’s $87m in the same period.
Brit Insurance revealed it has cut its UK private motor book by 60% as it reported a 10.8% drop in UK gross written premium to £210.1m for the first six months of 2010 (H1 2009: £235m), a 11.4% decrease at constant exchange rates.
A brief round up of news from the secto.
Go Compare has made a £12m profit during the 2009 financial year following the £4m loss recorded for 2008.
Prime Professions has announced its financial results for the year ended 31 March 2010.
THB Group has announced its unaudited half-year results for the six months ended 30 April 2010.
Jelf has reported a £616,000 loss for the six months ending 31 March 2010, compared to a £994,000 loss for the same period the previous year.
Towergate executive chairman, Peter Cullum, has claimed that the company has refused to follow the market's "kamikaze" approach to rates.
Allianz chief executive, Andrew Torrance, has outlined plans to push through rate increases in commercial after admitting that the current level of return was "not terribly attractive".
Fortis UK has confirmed it will complete its rebrand to Ageas by the first quarter of 2011, after announcing a £1.8m loss during Q1 2010 (Q1 2009: £4m profit).
Charles Earle, Arista Insurance chief executive, said the 2009 figures were in line ambitions to make a "consistent trading profit" during year three of trading.
Europ Assistance Group has announced a 6.6% rise in turnover in 2009 to €1.288bn (up 7.6% in constant euros) despite the economic crisis hitting its two traditional markets of automotive and travel.
Lloyd's insurer Chaucer this morning reported a drop in gross written premium income to £250.1m (2009 Q1: £257.8m).
Allianz Insurance's pre-tax profits have slumped more than 10% to £36.7m (£41.1m: 2009) for the first quarter of 2010, despite a near 5% increase in gross written premium (GWP) to £411.3m.
Results reveal the Maidstone-based broking and underwriting group had a testing 2009.
Hiscox gross written premiums (GWP) increased by 6.4% in local currencies to £504.1m in the first three months of 2010.
Aviva’s first quarter statement has shown “a return to volume growth in 2010” despite tough conditions and cost cutting.
Brit Insurance Holdings has reported a 13.3% drop in gross written premium (GWP) to £483.5m in the first quarter of 2010 (2009: £557.6m), a decrease of 9.9%
RSA has added premiums in both personal and commercial lines
In its first quarter results for 2010 Willis Group reported a net income from continuing operations for the first quarter of 2010 of $204m (£134m) compared with $192m last year.
Xchanging has issued its interim management statement covering the period from 1 January 2010 to date.
LV’s general insurance business made a profit of £7m in 2009, compared to a loss of £30.1m the previous year.