Company results
McMillan wants clear water between Aviva and competition
Mr McMillan said he wanted to make it clear to brokers that the Aviva was absolutely open for business.
Axa points to referral fees to explain continued rise in costs
Axa UK has reported an improved combined ratio for the first half of 2011 but is still at a break even point of 100% while the total UK and Ireland property and casualty revenues came in at £2bn.
Aviva to grow motor book as profits and premiums rise
Aviva’s half year results for UK general insurance have revealed an operating profit of £242m, up 6% (H12010: £229m).
RSA UK's personal lines performance takes up commercial lines slack
RSA UK has reported a 7% increase in premiums to over £1.5bn and has improved its combined operating ratio (COR) slightly to 98.5%.
Amlin profit warning concerns analysts
Amlin has released a profit warning, lowering the half-year result after tax by £53m.
Top three in motor a possibility for LV, says O'Roarke
Managing director of LV's general insurance business, John O'Roarke, has revealed the insurer's ambition to reach £1.4bn gross written premium by the end of 2011.
LV's COR down as broker channel grows
LV's half year results have seen the mutual insurer's combined operating ratio (COR) drop below 100 to 98.1%.
Hiscox slumps to half year losses but UK prospers
Hiscox Group has reported a pre-tax loss of £85.6m for the first six months of 2011, in the comparable period of 2010 it made £97.2m in profit.
Burke predicts interim profits at Thistle in 2012
Chief executive of JLT, Dominic Burke, has predicted that Thistle Insurance will beat its 2010 full year trading profit of £4.8m this year.
JLT thrives as Thistle struggles to produce profit
Jardine Lloyd Thompson Group (JLT) has announced a 9% growth in both revenue and profit before tax for the six months to 30 June 2011.
Profits plunge at Aspen
Aspen Insurance has revealed a net loss after tax of $141.5m (£86.5m) for the six months to 30 June 2011 in contrast to a profit of $127.2m in the same period of 2010.
Profits up at Lancashire Holdings
Bermuda-based Lancashire Holdings has announced an increase in net profit after tax for the second quarter of 2011 and the six month period ended 30 June 2011.
Brit sees profits plunge to £6.8m
Brit Insurance has reported a dramatic fall in profits before tax to £6.8m from £77.5m in 2010 in its half year results to 30 June.
THB Group doubles pre-tax profits to £1.9m
THB Group has announced an increase in broking profits to £4.8m along with a group pre-tax profit of £1.9m for the six months ended 30 April 2011.
Further growth at Be Wiser
Be Wiser Insurance Services has announced a sharp rise in gross premium income to £52.3m from £23.5m in 2010.
Profits fall at Oxygen
Oxygen Insurance has reported a fall in profits to £95,229 for the year ended 31 December 2010, a dramatic reduction from £707,398 the previous year.
Brightside splits management roles
Brightside Group has decided to split the roles of chief executive officer and finance director citing the “interests of good governance”.
Acquisitions an option for Jelf
Group chief executive at Jelf, Alex Alway, has confirmed the consolidator remains in the market for acquisitions but only at the right price.
Revenue flat as Jelf moves into profit
Jelf has announced a profit before tax of £0.8m in its interim results for the six months ended 31 March 2011 reversing its loss of £1.2m in 2010.
Brokers unconvinved by signs of market hardening
Lone suggestion that the commercial market could be on the cusp of changing is dismissed by rest of market.
Quinn losses reached €888m in 2009
Quinn Insurance lost €644m (£557m) in 2009, it has been revealed taking the overall group’s losses for the year to €888m.
Barbon delivers over £11m profit in second year of growth
Barbon Insurance Group recorded a pre-tax profit of over £11m based on a 4% increase in turnover in 2010, its second successive year of growth.
Ageas sees no sign of commercial hardening
Barry Smith, chief executive of Ageas UK, told Insurance Age he had seen no signs of commercial market hardening and indicated that he was not anticipating it happening soon.
Ageas returns to profit despite 104.6% COR
Ageas Insurance has revealed profit before tax of £3.9m for the first quarter of 2011, a £9.2m improvement over the equivalent quarter in 2010.