Company results
Hiscox CEO attributes profit jump to 2012 catastrophe fall
Bronek Masojada, CEO of Hiscox, has described 2012 as a “very good year”, following the release of its annual results.
Profits down but Allianz keeps commercial COR below 100%
Allianz has reported a reduction in operating profit of 4.3% to £161.5m for 2012, down from £168.7m in 2011.
Hiscox reports improved GWP, profit and COR
Hiscox has reported gross written premium of £1.6bn for 2012, up from £1.5bn in 2011.
AIG reports $6.6bn profit for 2012
AIG has delivered a $6.6bn [£4.33bn] post-tax operating profit for 2012, up considerably from the $2.1bn achieved the year before.
Axa CEO: We are in best place for a decade
Axa is trading with “much better capability, much better service than we have delivered in the previous ten years”, Axa UK and Ireland CEO Paul Evans claimed.
Axa COR breaks 100% in UK & Ireland
Axa UK & Ireland has revealed that its combined operating ratio (COR) for 2012 deteriorated by 0.8% to break the 100% barrier, coming in at 100.2%.
IAG's results dented by UK performance
Insurance Australia Group's (IAG) half-year 2012 results were knocked by the performance of its recently-sold UK business.
Ageas commercial COR improves to 109.9%
The new chief executive of Ageas UK, Andy Watson, has hailed the provider’s record profits while admitting it would not be looking to grow in commercial lines in 2013.
RSA endures UK commercial pain as COR worsens
RSA's UK commercial combined operating ratio (COR) deteriorated to 100.4% (2011: 98.7%) as it recorded a total UK commercial underwriting loss of £31m (2011: £2m) for the year ended 2012.
Record insurance profit at Ageas as group COR stays flat
Ageas UK has reported non-life income of £1.74bn for 2012, up from £1.72bn in 2011 as its combined operating ratio remained stable at 99.8% (2011: 99.9%).
Willis COO Ghezzi to leave
Willis is to part company with chief operating officer Gioia Ghezzi as part of the broker’s programme of 200 job cuts, sister-title Post has reported.
Willis deputy Sullivan set to leave
Willis has confirmed that Martin Sullivan, the group’s deputy chairman, will leave in May 2013 “to pursue other interests”.
Major losses put Zurich's commercial COR at 'wrong side of 100%'
Zurich’s Steve Lewis has attributed poor commercial results in 2012 to a volatile market, with major losses occurring in the second half of the year.
Zurich's UK profits and GWP dip as COR passes 100%
Zurich’s UK general insurance (GI) business has reported a 46% reduction in business operating profit (BOP) for 2012, down to £85.3m.
Willis loses $805m in final quarter 2012
Willis Group has reported a net loss of $805m [£514.4m] for the final three months of 2012 compared with a profit of $25m in the same period of 2011.
RFIB reports improved turnover and Ebitda
RFIB Holdings has announced group turnover of £47.5m for the year ended June 2012, up 9% on the previous year.
Aspen weathers Superstorm Sandy to return to profit
Aspen Insurance Holdings weathered the impact of Superstorm Sandy to post a $280.4m (£178.1m) profit for the year ended December 2012.
Profits rocket at Catlin
Catlin Group has reported net income of $305m [£194m] for 2012, up more than 800% from the $38m reported in 2011.
Beazley sees threefold profit growth
Beazley has reported profit after tax of $214.6m [£136.4m] for 2012, up 320% from the $65.8m reported for 2011.
Markel reports significantly improved COR
Markel International has reported a combined operating ratio (COR) of 88% for 2012, a dramatic improvement on the 116% achieved in 2011.
Rural unveils schemes push and personal touch as GWP jumps
Rural Insurance has unveiled a "counter-intuitive" strategy to boost its local presence in 2013 as it revealed GWP leapt 30% last year.
On the increase
If insurers’ results reveal poor COR performance in commercial, will it prompt rating increases? Peter Hubbard asks
Aon reports profit and revenue up
Aon’s retail brokerage division has reported revenue of $6.1bn (£3.9bn) for 2012, up 1% from the $6bn reported for 2011.
AJG's 2012 broking profits jump by 11%
Arthur J Gallagher (AJG) saw its broking net profits jump 11% to $155.8m (£98.6m) for the 2012 full year, up from the $140.2m posted for 2011.