Company results
Profile - Henry Engelhardt: Admiral of the fleet
Henry Engelhardt was at the bow when the Admiral ship first set sail and he led the company onto the stock exchange when it floated in 2004. Emmanuel Kenning talks to the CEO about claims, pricing and the source of great market envy - the provider's COR.
JLT reports £20m leap in profits
JLT has reported a healthy 2010 with profits after tax coming in at £90.7m, an increase of nearly £20m on last year.
Allianz sees profits slide but maintains healthy underwriting result
Allianz has reported a £45m drop in operating profit to £158.5m (£203.7m: 2009) and a 3% deterioration in combined ratio despite a near £76m uplift in gross written premiums (GWP) for 2010.
LV experiences rapid growth and profit hike but takes £30m hit in December
LV experienced accelerated growth in 2010, increasing premiums by 45% to £1.18bn, but recorded an underwriting loss of £43m.
Profits fall and combined ratio deteriorates at RSA
RSA has reported a 15% fall in profits after tax to £355m (2009: £419m) while net written premiums increased 11% to £7.5bn (2009: £6.7bn) in the year ended 31 December 2010.
NIG's rates guarantee is suicidal according to Groupama CEO
Groupama Insurances CEO, François-Xavier Boisseau, has fired a broadside at NIG and its controversial ‘guarantee to beat’ rate offer to brokers, describing the move as suicidal.
Plum attributes growth to broker demand for non-standard cover
Plum Underwriting has reported a 54% increase in sales for the year ending June 2010 and revealed that it has more than doubled its agency base.
Groupama reports return to form with profit leap
Groupama Insurances has reported a dramatic leap in profitability although the insurer’s broking arm experienced a slight dip in revenues.
Axa and Bluefin both report drop in revenue
Axa’s full year earnings for 2010 have plunged by £100m to £131m (2009: £235m) with Bluefin Insurance services also reporting a 3% drop in revenue to £112m.
Willis revenue rises as commissions increase 3%
Willis has announced a 2% rise in revenues to $3.34bn (£2.08bn) for the year ended 31 December 2010 (2009: $3.26bn).
THB reports 32% increase in broking profit
THB Group has reported a 5% rise in fees and commission to £48.4m (2009: £46.2m) for the year ended 31 October 2010.
Aon announces fall in UK broking income
Aon has reported a 3% fall in UK retail broking income to $629m (£392.1m) in the year ended 31 December 2010 (2009: $650m).
Markel International sees GWP grow but COR deteriorate
Markel International has announced it achieved $709m (£436m) of gross written premiums (GWP) for the year to 31 December 2010 (2009: $641.20m).
Brightside expects to meet stock market profit expectations
Brightside Group has announced that it expects to meet stock market expectations of £6.5m-£7m in profits after tax for the year ended 31 December 2010.
Jelf Insurance Brokers set for 'aggressive' growth despite dip in revenue and profits
Premium finance arrangements are the reason behind the shortfall in Jelf Group’s insurance business, says chief executive Alex Alway.
Jelf Group results reveal profit boost and debt reduction
In its final results for the year ended 30 September 2010 Jelf reported operating profit was up to £3.1m from a loss of £9.7m in the same period of 2009.
RSA expects 2010 profits to approach £630m despite bad weather impact
RSA has announced the impact of adverse weather in November and December 2010 to be around £142m above normal levels with full year costs predicted to hit £255m.
Giles makes record buy despite fall in results
Giles has made the largest acquisition in its history despite experiencing a drop in turnover and earnings for 2010.
Giles reveals turnover and earnings drop
The Giles Group’s full year results for the year ended 31 August 2010 has revealed a 3% drop in turnover to £70m (2009: £72.1m).
The PB Interview - Laurent Matras: Through the storm
Laurent Matras, managing director at Groupama Insurances, tells Andrew Tjaardstra about the state of the insurance market and how he is working closely with brokers to give his firm a competitive advantage.
RFIB reveals operating profit growth
Lloyd’s broker RFIB has announced a 17% increase in operating profits to £3.5m for the year ending 30 June 2010 (2009: £3.0m).
Oval's profits and revenue down for 2009/2010 financial year
In the financial year ending 31 May 2010, broker Oval today revealed its revenue reduced by 8% from £104.6m in 2009 to £96.0m in 2010.
Coface returns to profit
Trade credit provider Coface has announced operating profit of €89 million in the first nine months of the year compared to a loss of €240 million in the same period of 2009.
Amlin UK's motor income jumps by 36%
Amlin’s interim management statement for the period from 1 July 2010 revealed that its UK's gross written premium (GWP) grew to £248.8m (Q3 2009: £140m) despite a "mixed" trading environment.