Company results
L&G remains upbeat despite profit drop
Legal & General has remained optimistic in the face of falling 2012 half-year profits for its insurance arm.
L&G's half-year insurance profits halved after bad weather
Legal & General (L&G) saw its general insurance arm operating profit plummet by more than half to £8m for the first half of this year compared to 2011.
Allianz UK highlights broker strategy behind growth
Allianz UK boss Andrew Torrance has attributed the insurer's on-going growth to its "continuity of strategy and approach" with brokers in the market place.
Ageas commercial COR dips to 100%
Barry Smith, chief executive at Ageas UK, has revealed that the provider’s combined operating ratio for commercial business improved to 100% in the first six months of 2012, from 104.3% in the same period last year.
Allianz UK lauds "exact repeat" of 2011 performance
Allianz UK has seen gross written premiums (GWP) edge up 5.6% to £965.1m for the first six months of this year, compared to £914m in the same period of 2011.
Catlin soars into profit
Catlin Group has reported profits of $231m [£148.3m] for the first six months of 2012, as opposed to a loss of $201m in the same period last year.
Profits up at Ageas
Ageas UK has revealed that pre-tax profits in non-life business rose to £56.1m for the first half of 2012, more than doubling from £23.4m in the same period of 2011.
Chartis sees COR improvement but still above 100%
Chartis has revealed it wrote $9.1bn [£5.85bn] in net written premiums for the second quarter of 2012, slightly down from $9.17bn in 2011.
Allianz's UK profits tick up again
Allianz saw its UK operating profits edge up to €92m (£72.3m) for the first half this year, up from €89m posted during the same period last year.
Aviva COR predicted to top 99%
Investec has predicted that Aviva’s combined operating ratio will hit 99.1% in its half year results due to be published on 9 August, a deterioration from the 96% reported for the first six months of 2011.
Novae returns to profit and improves COR by almost 20%
Novae Group returned to profit in the six months ended June 2012, making £19m, compared with a loss of £30m in the same period of 2011.
Direct Line overcomes weather claims to post £135m profit
Direct Line Group overcame "worse-than-expected" home weather claims to post an operating profit of £135m during this year's second quarter.
Axa COR sneaks above 100%
Axa has revealed a combined operating ratio of 100.4% for UK property and casualty (P&C) business in the first six months of 2012, consistent with the 100% achieved in the same period of 2011.
RSA blames UK weather as group profits plummet by 40%
RSA has seen its group post-tax profits plummet by 41% to £164m for the first six months of 2012, down from £277m reported in the same period last year.
Revenues flat at Willis
Willis Group has reported a fall in commissions and fees to $837m [£538.6m] in the second quarter of 2012, down from $852m in the same period of 2011.
HCC posts $60m net earnings rise
Specialty insurance group HCC Insurance Holdings has posted net earnings of $176.1m (£112.7m) for the first six months of 2012, up on the $116.5m recorded for the same time last year.
Gallagher reports 75% jump in profit
Arthur J. Gallagher has reported a profit of $99.8m (£63.8m) for the six months ended June 2012.
LV chief John O’Roarke reveals COR and growth targets
John O'Roarke, managing director of LV general insurance, has reacted to the news that the insurer lost broker business in the first half of 2012 by admitting its results were “two ticks and a cross” across its three elements.
Biba reports improved turnover but schemes income drops
The British Insurance Brokers’ Association (Biba) has reported a turnover of £3.2m for 2011.
Hiscox returns to half-year profit
Hiscox has revealed a pre-tax profit of £125.8m for the first six months of the year, reversing a loss of £85.6m in the same period of 2011.
Ace optimistic following improvement in COR
Ace has reported operating income of $1.444bn [£916.7m] for the first half of 2012, up from $932m in 2011.
Aon sees profits fall
Aon has reported a 5% fall in profits for the second quarter of 2012 to $246m [£156.3m] compared to $258m in the same period of 2011.
Brit COR improves to 93.3%
The Brit Group has revealed a combined operating ratio of 93.3% in its half year results, an improvement from the 104.8% it posted in the same period of 2011.
Beazley swings back into profit
Beazley has reported a profit before income tax of $112.9m [£71.89m] for the six months ended 30 June 2012, reversing a loss of $24.2m in the same period of 2011.