Company results
Momentum cuts its losses in 2012 as turnover doubles
Momentum Solutions has reported a loss of £129,470 for 2012, down from a £289,993 loss posted last year.
No need to restructure Towergate network division, says Hodges
Towergate has posted a “strong set of results in the round” according to group CEO Mark Hodges.
Towergate reports loss of £6m for 2012
Towergate has posted a £6.1m group pre-tax loss for 2012.
Brightside posts tenth year of "record profits"
Brightside Group has posted its tenth successive year of "record profits" as the broker maintained it is well placed for 2013's "expected market softening".
TEn Insurance reports first quarter GWP growth of 23%
TEn Insurance has reported first quarter GWP growth of 23.4% to £5.9m.
LV's group profits jump 19%
LV has reported a group operating profit of £126.2m for last year, up 19% on the £105.8m reported in 2011.
RSA's Lee and Brown enjoy pay rises in 2013
RSA group CEO Simon Lee's base salary has increased by 3%, to £824,000 from £800,000.
Lloyd’s profits approach £3bn
Lloyd’s has announced a profit of £2.77bn for 2012, reversing a loss of £516m in 2011. The market also saw an improvement in its combined ratio to 91.1%.
Lucky 13 for RK Harrison as profits up again
RK Harrison has recorded a 13th successive year of growth and increasing profit.
Profits up at Abbey Protection
Abbey Protection has announced a 3% rise in pre-tax profits to £10.3m with total revenue up 7% to £38.7m for 2012.
No IPO on the table at Hastings
Gary Hoffman, chief executive of Hastings Insurance Group, has reiterated that an IPO is not in the pipeline for the company as it posted soaring profits, although it could still be an option in the future.
Profits soar at Hastings
Hastings Insurance Group has announced a 100% increase in Ebitda to £70m along with a near doubling of profit before tax from £31m in 2011 to £61m for the year ended 31 December 2012.
Direct Line Group chief Geddes paid £1.9m in 2012
Paul Geddes, chief executive of Direct Line Group, received £1.861m total remuneration in 2012.
Co-op insists sale decision "will not change" broker relationships
The Co-operative Insurance has claimed that the announcement it is up for sale "will not change the very important commercial relationship" it has with brokers.
Co-op Insurance's MD insists sale is "in line" with group strategy
The Co-operative Insurance's managing director Mark Summerfield has insisted that the potential sale of its GI business is "entirely in line with the group's strategy".
Co-op Group set to sell GI business amid falling profits
The Co-operative Group has confirmed it intends to sell its GI business - the Co-operative Insurance.
Ecclesiastical’s UK COR reaches 105.5%
Steve Wood, managing director for the UK and Ireland at Ecclesiastical, has vowed the provider will focus “sharply” on underwriting as its UK combined operating ratio (COR) hit 105.5% in 2012, up from 96.3% the year before.
Investment returns save Ecclesiastical as COR worsens
Ecclesiastical has reported a UK underwriting loss of £12.3m for 2012, mainly due to liability business, along with a group underwriting loss of £24.6m down further on the £18.7m loss reported in 2011.
Video: What the Papers Say latest edition
In the March edition, James Sharp, business development director at TEn Insurance, tackles the subject of increasing FSCS levies.
Bupa blames economy for 22% UK profit drop
Bupa blamed the "disappointing" performance of its UK arm on the economy as its profits plunged by 22% during 2012.
Canopius reports return to profit and brings COR below 100%
Canopius Group has reported a return to profit for 2012, at £49m, compared with a loss of £61m in 2011.
Commercial COR unacceptable, says Aviva boss Spencer
Aviva UK and Ireland chief executive Robin Spencer has branded the insurer’s commercial combined operating ratio (COR) as “unacceptable”.
Aviva UK GI delivers steady 98% COR amid 2013 pay freeze
Aviva delivered a steady UK combined operating ratio (COR) of 98% for 2012 as the group confirmed that its executive directors would not receive any annual bonuses.
L&G GI reports GWP growth while profit and COR decline
Legal & General’s (L&G) general insurance (GI) division has reported gross written premium of £349m for 2012, up from the £304m reported in 2011.