Company results
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.
Aviva makes aggregator u-turn
Aviva has confirmed it intends to return to the aggregator space for private motor with a new, separately branded internet-only offering.
Aviva chief hints that market may finally be hardening
The UK could be seeing the first evidence of market hardening in commercial lines, according to Mark Hodges, chief executive of Aviva UK although he declined to predict whether any increase would hold or how far it would go.
Aviva posts improved COR in first quarter 2011 results
Aviva has revealed a 20% increase in general insurance premiums to over £1bn for the first quarter of 2011 (1Q2010: £913m).
Allianz chief hails broker book but laments state of commercial market
Allianz UK CEO, Andrew Torrance, hailed the performance of the insurer’s broker retail book but lamented the continued soft condition of the commercial market as he revealed the insurer's financial performance for the first three months of 2011.
RSA UK growth offset by motor scheme pull out
RSA’s Q1 results have shown an overall rise in UK premiums of 9% to £760m (2010: £697m).
Giles loses £37m
Giles has revealed a loss of £37,113,000 for the financial year ended 31 August 2010 in documents released to Companies House.