Company results
Giles holding company reports £39.5m loss as net debt grows
Expectrum Ltd, the holding company of Giles Insurance Brokers, has reported a £39.5m loss for 2012, compared with a £37.5m loss the previous year.
Giles Insurance Brokers reveals £2.25m loss
Giles Insurance Brokers lost £2.25m in 2012, reversing a profit of £998,000 the year before.
Arista declares third year of profit
Arista has reported Ebitda of £1.71m for 2012, up from the £1.33m achieved the year before.
Giles Group reports improved turnover and Ebitda
The Giles Group has reported a 9% increase in turnover for the year ended 31 August 2012.
Covéa sees £2m profit drop as GWP jumps by 33%
Covéa Insurance has reported a £2m drop in profit for 2012, from £6.4m to £4.3m.
Towergate's Hodges "not against" buying rival network in 2013
Towergate’s CEO Mark Hodges has reiterated the consolidator’s stance on potentially acquiring a rival network in 2013.
Towergate bondholder report reveals increasing losses along with acquisition costs
Towergate’s first quarter bondholder report has revealed that losses on ordinary activities worsened to £18.6m in the first three months of 2013 from £14.7m at the start of 2012.
Towergate sees first quarter profits fall
Towergate has reported a 2% drop in operating earnings to £33.8m for the first quarter of 2013, from £34.6m in the first three months of 2012.
Hastings Insurance planning stake sale
Hastings Insurance Group is considering selling a minority stake in the business, according to reports.
Allianz's Torrance "content" with Q1 results as liability remains a concern
Allianz’s UK chief executive has praised the insurer’s "encouraging" first quarter results.
Allianz reports improved GWP, profit and COR for Q1
Allianz Insurance has reported gross written premium (GWP) of £506.6m for Q1 2013.
Zurich's UK GI COR and profits improve while GWP falls by 3%
Zurich’s UK general insurance business has reported a combined operating ratio (COR) of 96.5% for the first three months of 2013.
Amlin UK reports £10m jump in GWP as motor fleet shows "particular improvement"
Amlin UK has reported a £10m increase in gross written premium (GWP) for the first four months of 2013.
Aviva's UK COR worsens as net written premiums fall by 5%
Aviva has revealed a combined operating ratio (COR) of 98% for its UK general insurance business in the first quarter of 2013.
Strong market competition dents Ageas total income
Ageas UK has reported a 38% increase in net profit to £19.4m for Q1 2013 (Q1 2012: £14.1m) while the combined operating ratio improved to 99.9% (Q1 2012: 102.3%).
Alway praises “solid” Jelf performance
Jelf group chief executive Alex Alway has praised the broker's performance as “solid” in a challenging market.
Jelf reports revenue and profit growth
Jelf has revealed a 1.9% increase in group revenues to £35.9m (H1 2012: £35.2m) as Ebitdae grew 14.3% to £5.1m in the six months to the end of March 2013.
esure expects LASPO and gender-neutral gains as GWP rises
esure Group has seen its gross written premiums edge up to £124.1m for Q1 2013, a 1.6% rise on the same period last year.
Ecclesiastical CEO set for "major listening exercise" with brokers
Ecclesiastical’s new group CEO Mark Hews has told Insurance Age that the provider is undertaking a “major listening exercise” in order to move the business forward.
Quindell reports 900% revenue growth
Quindell Portfolio has reported revenues of £137.6m for 2012, over ten times the £13.7m revenue reported for 2011.
Hiscox UK sees GWP boost
Hiscox UK has revealed an 8.5% increase in gross written premiums (GWP) for the first quarter of 2013 to £96.7m (Q1 2012: £89.1m).
DLG sees profits rise as UK motor GWP takes a hit
Direct Line Group has reported a combined operating ratio (COR) of 98% for the first quarter of 2013, a 6.5% improvement on the COR posted in Q1 2012.
RSA reports flat UK premiums
RSA has reported net written premiums of £726m in the UK for the first quarter of 2013, up fractionally on the £725m written in the same period of 2012.
Markel improves COR by 5%
Markel International has reported a combined operating ratio (COR) of 92% for the first quarter of 2013, compared with 97% in the same period of last year.