Company results
Finances improving at Oval despite £3m loss
The Oval Group is still making a loss but has improved its position on last year, according to the latest set of results.
Barton sees Jelf “bucking the trend”
Phil Barton, chief executive for insurance at Jelf, has described the broker’s 4.4% organic growth in insurance business to £44.8m as “no doubt bucking the trend” in the industry.
Jelf profits shoot up by more than 200%
Jelf has reported a 235% jump in profit, to £2.8m for the year ended September 2011, up from £0.9m for the year ended September 2010.
A-Plan mulls over branch expansion as profits approach £20m
High street broker A-Plan, has delivered nearly £20m of operating profit for the year ended February 2011, up from £16.79m last year.
Towergate hit by £35m loss
Towergate has announced a loss of £35.4m for the nine months ended September 2011, over £10m more than the £23.2m it lost in the same period of 2010.
Allianz scores GWP, profit and COR hat trick
Allianz UK has reported growth in both premium and profit and a sub-100% combined operating ratio (COR) for the third quarter of 2011.
Rates hardening at Amlin UK
Amlin UK has revealed an 8.4% growth in gross written premium (GWP) to £269.7m for the year to 31 October compared with £248.8m for the same period in 2010.
Catlin reports flat GWP for UK operation
Catlin has reported gross written premiums (GWP) of $3,676m (£2,307m) for the first nine months of 2011.
Improved GWP for Allianz's UK non-life operation
Allianz has reported gross written premiums (GWP) of €525m (£450m) for its UK property casualty insurance operations for the three months ended September 2011.
Zurich reports improved GWP but COR in decline
Zurich has reported general insurance gross written premiums of $27.05bn (£16.97bn), for the nine months ended September 2011.
Novae reports increased GWP
Novae Group has reported gross written premiums (GWP) of £516.4m for the first nine months of 2011.
Smith praises transformation at Ageas
Barry Smith, chief executive of Ageas UK, has declared that the insurer's recent results were evidence of a step change and transformation at the insurer.
Profits and growth at Ageas
Ageas Insurance has revealed a 16.8% rise in gross written premiums to £822.5m and an improved combined operating ratio of 99.8% for the first nine months of 2011, compared to 104.9% in the same period last year.
Markel reports improved GWP but combined ratio suffers
Markel International has reported gross written premiums (GWP) of $194.2m (£120.8m) for the third quarter of 2011, compared with $178.7m for the same period of 2010.
Premiums rise at Hiscox UK but dip in London market
Hiscox UK has increased gross written premiums (GWP) by 13.4% but witnessed a decline of over £20m in its London market business for the first nine months of the year.
Aviva claims UK rise makes it market leader
Aviva claimed UK general insurance sales increased 12% over the first nine months of the year making it “the general insurance market leader in the UK”.
Personal lines growth drives up NWP at RSA
RSA has reported UK personal lines Q3 net written premiums were up 13% to £1 036m, with commercial lines up just 2% to £1 282m. Overall the UK was up 7% to £2 318m.
Underlying revenue up 6% at Marsh
Marsh has seen a 12% rise in revenue to $1.21bn (£756m) for the third quarter of 2011 from $1.08bn in the same period of 2010.
Aon reports third quarter growth
Aon has reported a 51% increase in total revenue to $2.7bn (£1.7bn) for the third quarter of 2011 compared to the same period of 2010.
Transactor restructures as profits and revenue rise
Insurance software provider Transactor Global Solutions Limited (TGSL) has announced a 24% increase in turnover to £5.2m with group pre-tax profits up 18% to £0.5m for the year ended 31 March 2011.
Profits tumble at Aspen
Aspen Insurance Holdings has revealed a 76% fall in third quarter profits to $22.2m (£13.8m) compared to the same period of 2010 when it made $92.8m.
Axa reveals 1% growth in UK P&C business
Axa’s results for the first nine months of 2011 have shown a small increase in UK property and casualty (P&C) revenue to €2.82bn (£2.47bn) from €2.79bn in the comparable period of 2010.
Ace posts Q3 loss
Ace has reported a net loss for the third quarter of 2011 of $31m (£19.4m) compared with a profit of $675m in the same period of 2010.
Income down at Willis UK
Willis Group has announced a 4% growth in commission and fees for the third quarter of 2011 to $755m (£472.6m) compared to $723m in the same period of 2010.