Company results
Ageas sees H1 2019 profit rise 70% after Ogden boost
UK CEO Andy Watson says insurer is to focus on growth after restructuring and exiting unprofitable schemes, as he discusses why he does not think the government has "covered itself in glory" when setting the new discount rate.
LV GI's Treloar warns of discount rate-led premium rise
The CEO blamed Ogden for the increase as he pledged commitment to UK brokers and discussed the impact of the L&G deal following LV interim results.
ERS blames COR deterioration on Ogden
Despite its Ogden woes, the motor insurer was able to post a £3.1m profit for H1 2019.
Dye commits to great broker service following branch closures
The Allianz CEO points to 3.7% underlying business growth as he discusses the provider's half-year results and weighs in on the amended discount rate.
LV deal continues to affect Allianz numbers
Purchasing the remaining stake in LV has impacted the provider’s half-year numbers.
RSA’s Egan issues cautious welcome to H1 results
The CEO for UK & International is awaiting full year numbers ahead of any celebration as UK COR improves to 94%.
Marsh spent $98m integrating JLT last quarter
The $5.6bn deal completed on 1 April this year as the business flags a flat EMEA performance.
Direct Line points to NIG growth in H1 results
In force policies at the broker-focused part of the business grew 2.4% as the group numbers flag a £15.9m Ogden hit.
Sabre releases steady 2019 interim results
Firm head believes brokers have a bright future in motor providing they are aware of their place in the value chain.
Aston Lark results out amid transformational year
Profit increased for the firm in first full year results since Aston Scott and Lark merged as the business commits to more deals with comparative analysis showing turnover of £57.4m.
Hiscox UK shrinks amid global growth in interim results
Chairman Robert Childs blames the integration of a new IT system.
Beazley’s COR worsens to 100% in H1 2019
But provider also reveals 189% pre-tax profit jump as new head of broker relations, Lou Ann Layton, states there is “lots of room for growth in the brokerage community”.
Hastings expects £8.4m hit from Ogden rate change
Company says it had believed the rate would end up between 0 and 1%, as Biba states move to -0.25% is "nowhere near enough".
Profits fall at Thomas Carroll in 2018
Rising expenses counteracted an increase in turnover.
Nigel Phillips pledges continued focus on organic growth at CDL Group
Commercial director says the business has been working to create a more proactive customer experience.
Acturis reveals profit jump in 2018
Software house set to pursue more deals as document reveals it paid £3.5m for Surrey-based ICE InsureTech in November 2017.
Profits up for CDL Group in 2018
After the firm's turnover reached £52.7m in 2017 it has risen 6% in 2018 to £55.8m.
Profit margins for UK brokers at highest level in eight years
Figures from Plimsoll Publishing show average profit margins are 5.7% for the current year, after consistently increasing since last year.
Tokio Marine Kiln: Figures revealed following closure of UK arm
Most recent results for Tokio Marine Kiln Group show losses for TMKI which is now being placed in run-off.
PIB's £50m spending on brokers in 2018 revealed
Consolidator's losses increased in 2018, but turnover jumped to £106.8m as it is set to continue its buying spree after £200m debt refinancing.
Momentum Broker Solutions unveils 2018 results
Network saw operating profit rise by 71%.
Broker Network owner set to make more deals with fresh funding
Bravo Group to agree loan worth £80m earmarked for acquisitions from major bank, as the business reports growing revenues for 2018.
Unrated Gefion reports losses in 2018
Danish provider received cash injection to improve its solvency ratio on 6 May.
Quizzical questions: 7 June 2019
Test your knowledge of the week's news with our topical quiz.