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.
Cooper Gay has reported a 29% increase in revenue to £100.5m in 2009, compared to £77.9m the previous year.
Jardine Lloyd Thompson (JLT) has revealed it is merging its non-advisory division with Thistle Underwriters.
Allianz UK chief executive, Andrew Torrance, admitted the company may restructure its legal expenses business in light of the Jackson report if the expected impact on the ATE market materialised.
CBG Group has revealed it is involved in talks with a 'number' of businesses and expects to finalise an acquisition deal during the first half of 2010.
Fortis UK is to expand its commercial ambitions in the wake of a near £50m drop in profits and ahead of an enforced rebrand.
Ecclesiastical has announced a return to profit in 2009 with pre-tax results of £79m, the second highest in its history. The profit is in marked contrast to last year’s loss of £22.5m.
Lloyd's has reported a record £3.9bn profit for 2009, compare to £1.9bn the previous year.
Canopius Group, a privately-owned Lloyd’s insurance underwriting business, today announced a record performance for the year ended 31 December 2009.
Manchester-based insurance broker and financial services specialist CBG Group has reported a drop in revenue to £8.96m for 2009 (2008: £11.15) and fall in pre-tax profits to £1.03m (2008: £2.25m).
FM Global has reported a 5.6% increase in gross premium in force to $4.7bn (£3.0bn) and net income of $840m in 2009.