Company results
Aviva COR predicted to top 99%
Investec has predicted that Aviva’s combined operating ratio will hit 99.1% in its half year results due to be published on 9 August, a deterioration from the 96% reported for the first six months of 2011.
Novae returns to profit and improves COR by almost 20%
Novae Group returned to profit in the six months ended June 2012, making £19m, compared with a loss of £30m in the same period of 2011.
Direct Line overcomes weather claims to post £135m profit
Direct Line Group overcame "worse-than-expected" home weather claims to post an operating profit of £135m during this year's second quarter.
Axa COR sneaks above 100%
Axa has revealed a combined operating ratio of 100.4% for UK property and casualty (P&C) business in the first six months of 2012, consistent with the 100% achieved in the same period of 2011.
RSA blames UK weather as group profits plummet by 40%
RSA has seen its group post-tax profits plummet by 41% to £164m for the first six months of 2012, down from £277m reported in the same period last year.
Revenues flat at Willis
Willis Group has reported a fall in commissions and fees to $837m [£538.6m] in the second quarter of 2012, down from $852m in the same period of 2011.
HCC posts $60m net earnings rise
Specialty insurance group HCC Insurance Holdings has posted net earnings of $176.1m (£112.7m) for the first six months of 2012, up on the $116.5m recorded for the same time last year.
Gallagher reports 75% jump in profit
Arthur J. Gallagher has reported a profit of $99.8m (£63.8m) for the six months ended June 2012.
LV chief John O’Roarke reveals COR and growth targets
John O'Roarke, managing director of LV general insurance, has reacted to the news that the insurer lost broker business in the first half of 2012 by admitting its results were “two ticks and a cross” across its three elements.
Biba reports improved turnover but schemes income drops
The British Insurance Brokers’ Association (Biba) has reported a turnover of £3.2m for 2011.
Hiscox returns to half-year profit
Hiscox has revealed a pre-tax profit of £125.8m for the first six months of the year, reversing a loss of £85.6m in the same period of 2011.
Ace optimistic following improvement in COR
Ace has reported operating income of $1.444bn [£916.7m] for the first half of 2012, up from $932m in 2011.
Aon sees profits fall
Aon has reported a 5% fall in profits for the second quarter of 2012 to $246m [£156.3m] compared to $258m in the same period of 2011.
Brit COR improves to 93.3%
The Brit Group has revealed a combined operating ratio of 93.3% in its half year results, an improvement from the 104.8% it posted in the same period of 2011.
Beazley swings back into profit
Beazley has reported a profit before income tax of $112.9m [£71.89m] for the six months ended 30 June 2012, reversing a loss of $24.2m in the same period of 2011.
Be Wiser reports £1m jump in profit
Be Wiser Insurance Services has reported profit before tax of £2.3m for the year ended May 2012.
Barbon plunges into loss
Barbon Insurance Group has reported a loss of £471,000 for the year ended December 2011.
SSP reports rise in Ebitda
SSP Group has revealed a 13.8% increase in Ebitda to £17.9m for the year ended 31 March 2012, up from £15.8m in 2011.
Rural Insurance on course to double in size by 2015
Rural Insurance has shrugged off the loss of four key staff members last year by insisting it remains on course to double in size by 2015.
Fitch confirms Lloyd's A+ rating as stable
Fitch Ratings has affirmed Lloyd’s of London’s insurer financial strength (IFS) rating at A+, with a stable outlook.
Amlin unveils senior management overhaul
Amlin has announced a senior management reshuffle within the group, with the changes taking effect from the beginning of July 2012.
Gocompare delivers £34.7m profit
Gocompare.com has announced a £34.7m pre-tax profit for 2011, a 15% increase on 2010.
RK Harrison in £30m refinancing deal
RK Harrison Group (RKH) has secured a £30m refinancing deal with Clydesdale Bank and Royal Bank of Scotland (RBS).
Randall & Quilter says acquisition pipeline remains strong
Randall & Quilter (R&Q) will confirm that its Canadian managing general agency (MGA) will close during the company's Annual General meeting (AGM) today.