Company results
LV's GI business achieves a profit
LV’s general insurance business made a profit of £7m in 2009, compared to a loss of £30.1m the previous year.
Cooper Gay's revenue and profits rise
Cooper Gay has reported a 29% increase in revenue to £100.5m in 2009, compared to £77.9m the previous year.
JLT: non-advisory branch to merge with Thistle
Jardine Lloyd Thompson (JLT) has revealed it is merging its non-advisory division with Thistle Underwriters.
Jackson report may shape Allianz legal expenses business, says CEO
Allianz UK chief executive, Andrew Torrance, admitted the company may restructure its legal expenses business in light of the Jackson report if the expected impact on the ATE market materialised.
Soon to rebrand CBG reveals acquisition is imminent
CBG Group has revealed it is involved in talks with a 'number' of businesses and expects to finalise an acquisition deal during the first half of 2010.
Fortis rebrand and expansion on horizon despite profit loss
Fortis UK is to expand its commercial ambitions in the wake of a near £50m drop in profits and ahead of an enforced rebrand.
Ecclesiastical back in the black
Ecclesiastical has announced a return to profit in 2009 with pre-tax results of £79m, the second highest in its history. The profit is in marked contrast to last year’s loss of £22.5m.
Lloyd's announces record profit of £3.9bn for 2009
Lloyd's has reported a record £3.9bn profit for 2009, compare to £1.9bn the previous year.
Canopius reports record results
Canopius Group, a privately-owned Lloyd’s insurance underwriting business, today announced a record performance for the year ended 31 December 2009.
CBG reports fall in revenue and profit
Manchester-based insurance broker and financial services specialist CBG Group has reported a drop in revenue to £8.96m for 2009 (2008: £11.15) and fall in pre-tax profits to £1.03m (2008: £2.25m).
FM Global's gross premium rises to $4.7bn
FM Global has reported a 5.6% increase in gross premium in force to $4.7bn (£3.0bn) and net income of $840m in 2009.
Co-op reports rise in general insurance GWP
Co-operative Financial Services (CFS) has reported a 7.6% increase in general insurance gross written premiums to £424.3m in 2009, compared to £29.9m the previous year.
Fortis profits plunge with name change on the horizon
Fortis UK has reported a huge £47m drop in profit before tax to £29m as it announced it is to rebrand as 'ageas'
Westinsure achieves £300m GWP
Westinsure Group has achieved £300m gross written premium in 2009 and has secured more than 35 new brokers to join the Alliance, increasing its total member offices to over 200.
Chaucer returns to profit
Chaucer Holdings has announced an increase in profit before tax and foreign exchange on non-monetary items of £75.3m in 2009, (2008: loss £59.5m).
Hardy's profits drop to £20.1m
Lloyd's insurer Hardy Underwriting Bermuda's profit before tax has fallen to £20.1m in 2009, compared to £23.1m the previous year.
Aviva UK's general insurance profits and GWP fell in 2009
Aviva UK's general insurance operating result fell to £520m (2008: £642m) in 2009. Its combined operating ratio remained static at 99%
Jelf seeks cash boost following loss
Jelf has raised up to £19m in new funding following a difficult year of trading that saw it lose £9.7m
Axa unveils motor revamp as UK general earnings plummet
Axa has stated its intention to impose targeted rate increases across its personal lines motor book and make a return to the direct motor market as it announced a significant slump in UK general insurance earnings
Aon exodus as property team defects to Bluefin
Market speculation insists that Aon is set to lose a team from its property division to a rival broking firm
JLT to restructure business to maximise benefits of managing general underwriter Thistle
Jardine Lloyd Thompson (JLT) has announced a 14% rise in fees and commissions to £612.9m in 2009 (2008: £526.1m) while underlying trading profit increased by 28% to £97.1m (2008: £76.2m).
Admiral profits increase by 7%
Admiral has reported a 7% increase in profit before tax to £216m for 2009, compared to £203m the previous year, while turnover rose 18% to £1.08bn (2008: £910m).
Xchanging sees growth in profit and revenue
Xchanging’s results for the year ending 31 December 2009 revealed a 35% increase in revenue, increasing to £750.4m (2008:£557.8m)