Company results
Acturis delivers 25% revenue growth in 2012
Acturis has announced revenues of £24.5m for the financial year ended 30 September 2012.
Ace sees profits rise as COR improves
Ace Group has reported pre-tax profits of $2.71bn [£1.72bn] for 2012 up 76% from $1.54bn in 2011.
Speculation mounts over potential Paymentshield sale
Towergate has appointed an investment bank to lead the £400m sale of Paymentshield, according to the Sunday Times.
Brightside hails policy growth
Brightside Group has revealed that it expects to report "significant growth" in turnover and profit for 2012 and has also unveiled a share buy back.
Revenues up at Hyperion as management mulls IPO
Hyperion Insurance Group has reported revenue of £110.6m for 2012, up 42% from the £87m reported in 2011.
Alway sees Jelf reaping “the bounty”
Group chief executive at Jelf Alex Alway has hailed the broker’s performance as the bounty of four years’ investing in staff and an integrated strategy.
Profits up at Jelf
Jelf has revealed an increase in insurance profits to £5.9m for the year ended 30 September 2012 from £4.9m in 2011.
Hodges bullish about more of the same
Towergate chief Mark Hodges has described no news as good news as the consolidator unveiled a 5% growth in Ebitda.
Towergate maintains Ebitda growth
Towergate has again produced a 5% increase in Ebitda with operating earnings of £119.5m in the nine months to 30 September 2012.
Broker reveals revenue and profit overstated by over £800,000
Allanfield Group has overstated its revenue and profit before tax for the financial periods ended December 2010 and 2011, and the six months ended June 2012.
HomeServe profits rise but falling customers impact revenue
HomeServe has reported an operating profit of £27.1m for the six months ended September 2012.
Kerry London reports £161,933 loss for 2011
Kerry London Group Limited (KLL) has announced a loss of £161,933 for the 2011 financial year, an improvement on the previous year’s loss of £209,174.
Frontrunner for Aviva top job revealed
Mark Wilson, former chief executive of Asian life insurer AIA, is frontrunner for the chief executive role at Aviva, according to reports.
Zurich UK stung by "exceptional' commercial loss
Zurich UKGI's operating profits for the first nine months of 2012 have dropped to £57m, down from £72m posted for the same period last year.
Amlin UK sees market hardening
Amlin UK has reported an average hardening of rates across its renewal book of 5.2% for the year to date.
Torrance: A strong performance
Chief executive Andrew Torrance has hailed Allianz UK’s performance as “very strong” as it reported profits of £115m for the first nine months of the year.
Dip in profits at Allianz
Allianz has reported a fall in profits to £115m for the first nine months of 2012, down from £123.6m in the same period of 2011.
Markel reports improved COR and GWP
Markel International has reported gross written premiums (GWP) of $705m [£442m] for the nine months ended September 30, up 4% from $677m for the same period of 2011.
Ageas chief excited by Groupama deal
Barry Smith, chief executive of Ageas UK, has spoken of his excitement about the insurer's future prospects in the wake of the Groupama deal.
Profits up one-third at Ageas
Ageas UK has reported a 36.4% increase in pre-tax profit to £106.7m for the first nine months of 2012.
Hiscox UK's GWP edges up by 1.1%
Hiscox UK's retail business saw gross written premium (GWP) growth of 1.1% for the first nine months of the year, compared to 2011.
Admiral Group sees turnover slip by 2%
Admiral Group saw its group turnover edge down by 2% for the third quarter this year, compared to the same period in 2011.
Direct Line rues "subdued" investment returns
Direct Line Group has rued "subdued" investment returns as its profits fell for the first nine months of the year.
Aon reports 2% organic growth for retail brokerage
Aon's retail brokerage organic revenue increased by 2% in the third quarter of 2012, according to its results.