Company results
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.
Towergate bondholder report reveals £11.6m PowerPlace loss
Towergate racked up an £11.6m loss on the sale of PowerPlace, its annual bondholder 2012 report has revealed.
Das remains in profit as GWP rises
Das UK Group has posted a 10.5% increase in gross written premiums “and other technical income” for 2012 to £178.25m, up from £161.3m the year before.
Towergate looks to bond markets to refinance debt with £396m deal
Towergate has turned to the bond markets in a bid to refinance "certain existing debt instruments".
Aon enjoys 10% profit growth for Q1 2013
Aon has posted a 10% profit rise to $261m [£169m] from $238m for the first quarter of 2013, compared to the same period last year.
Towergate looks north with twin appointment
Towergate Insurance has completed two senior moves on the back of its recently announced UK regional restructure.
Admiral CEO reveals UK challenge as revenue drops
Admiral Group CEO Henry Engelhardt has admitted it is "not the right time" to grow its UK market share as the insurer's UK car insurance turnover dropped 9%.
Momentum cuts its losses in 2012 as turnover doubles
Momentum Solutions has reported a loss of £129,470 for 2012, down from a £289,993 loss posted last year.
No need to restructure Towergate network division, says Hodges
Towergate has posted a “strong set of results in the round” according to group CEO Mark Hodges.
Towergate reports loss of £6m for 2012
Towergate has posted a £6.1m group pre-tax loss for 2012.
Brightside posts tenth year of "record profits"
Brightside Group has posted its tenth successive year of "record profits" as the broker maintained it is well placed for 2013's "expected market softening".
TEn Insurance reports first quarter GWP growth of 23%
TEn Insurance has reported first quarter GWP growth of 23.4% to £5.9m.
LV's group profits jump 19%
LV has reported a group operating profit of £126.2m for last year, up 19% on the £105.8m reported in 2011.
RSA's Lee and Brown enjoy pay rises in 2013
RSA group CEO Simon Lee's base salary has increased by 3%, to £824,000 from £800,000.
Lloyd’s profits approach £3bn
Lloyd’s has announced a profit of £2.77bn for 2012, reversing a loss of £516m in 2011. The market also saw an improvement in its combined ratio to 91.1%.
Lucky 13 for RK Harrison as profits up again
RK Harrison has recorded a 13th successive year of growth and increasing profit.
Profits up at Abbey Protection
Abbey Protection has announced a 3% rise in pre-tax profits to £10.3m with total revenue up 7% to £38.7m for 2012.
No IPO on the table at Hastings
Gary Hoffman, chief executive of Hastings Insurance Group, has reiterated that an IPO is not in the pipeline for the company as it posted soaring profits, although it could still be an option in the future.
Profits soar at Hastings
Hastings Insurance Group has announced a 100% increase in Ebitda to £70m along with a near doubling of profit before tax from £31m in 2011 to £61m for the year ended 31 December 2012.
Direct Line Group chief Geddes paid £1.9m in 2012
Paul Geddes, chief executive of Direct Line Group, received £1.861m total remuneration in 2012.
Co-op insists sale decision "will not change" broker relationships
The Co-operative Insurance has claimed that the announcement it is up for sale "will not change the very important commercial relationship" it has with brokers.
Co-op Insurance's MD insists sale is "in line" with group strategy
The Co-operative Insurance's managing director Mark Summerfield has insisted that the potential sale of its GI business is "entirely in line with the group's strategy".
Co-op Group set to sell GI business amid falling profits
The Co-operative Group has confirmed it intends to sell its GI business - the Co-operative Insurance.