Company results
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)
Robert Hiscox announces record results: "World belongs to the discontented"
Unveiling record profits, Hiscox's chairman Robert Hiscox vows profitable growth will continue
Allianz profit up and ratio down
In its results for the year ending 2009, Allianz UK has seen a 5.2% boost in IFRS operating profit to £203.7m (2008: £193.6m)
Brit's results show boost in profit and GWP
Brit Insurance has grown 300% in the last year posting a before tax profit of £171.3m excluding the effect of foreign exchange on non-monetary items, dwarfing last year’s £39.6m result.
Jelf looks to raise £17m after reporting operating loss
Jelf has revealed it is in advanced discussions regarding the raising of a possible £17m after reporting an operating loss of £9.7m for the year ending 30 September 2009 (2008: £5.1m).
Moneysupermarket's year end results reveal drop in revenue and customers
Moneysupermarket’s preliminary results for the year ending 31 December 2009 have revealed a 23% drop in revenue to £136.9m (2008: £178.8m) and 26% drop in EBITDA to £36m (2008: £48.8m)
Groupama's UK profits more than halved
Groupama’s results for 2009 reveal combined profitability for the UK operations (before tax and amortization) has fallen to £14.1m (2008: £30.1m)
Axa UK's GI earnings tumble
Axa's total general insurance (GI) and health underlying earnings in the UK and Ireland have fallen 63% to £90m in 2009, compared to £244m in 2008.
Catlin's results reveal regional boost
Catlin Group has announced its financial results for the year ended 31 December 2009 which included a record profit before tax of $603m (£402m)(2008:$13m)
Zurich UK GI reports fall in GWP and profit
Zurich's UK general insurance division has reported a fall in gross written premiums and policy fees of £2.033bn for 2009, compared to £2.097bn the previous year.
Kwik Fit announces strongest day of trading
Kwik Fit Insurance has announced its strongest figures for a single day of trading since the company was established in 1995.