Company results
Blanc sees more in than out at Oval as he outlines growth plans
Peter Blanc, CEO of Oval, has listed the factors which he believes will see the broker grow and clarified that any redundancies will be among non-client facing staff.
Blanc targets 50% growth in Ebitda at Oval
Peter Blanc, chief executive officer of Oval Insurance, has revealed to Insurance Age, for a series of three articles, that he is targeting a £30m Ebitda performance within five years.
NIG reveals profits in 2011 results
NIG has revealed that it made a profit after tax of £47.3m in the year to 31 December 2011, a reversal of the £78.8m the provider lost in 2010.
Allanfield posts loss in first results since listing
Allanfield Group has reported a loss of £476,412 for 2011, compared with profit of £508,244 for the previous year.
Consolidators focus on EBITDA
Management keen to highlight underlying performance
Commercial CORs show improvement
Commercial CORs show improvement
Giles losses for 2011 come in at £37m
Giles group has reported a further loss of £37.4m for the year to 31 August 2011 compared to £37.1m in 2010.
Arista reports improved GWP and turnover for 2011
Arista has reported gross written premium (GWP) of £74m for 2011, a 10.5% improvement on the £67m it recorded in 2010.
Towergate losses peak at almost £16m in Q1
Towergate Holdings has reported a loss on ordinary activities after tax of £15.8m for the first quarter of 2012.
Allianz reports increased GWP but says market remains "challenging"
Allianz Insurance has reported a 6.8% improvement in gross written premiums (GWP) for the first three months of 2012, but cited recession related claims costs as a hindrance to the commercial division of the business.
Aviva manages to bring COR down to 97%
Aviva UK has had a good start to the year amid the uncertainty at senior management levels producing a combined operating ratio (COR) of 97% (Q1 2011: 100%) on a reduced level of premium.
Ageas commercial COR improves to 104.1%
Ageas UK has revealed that its commercial business produced a combined operating ratio of 104.1% for the first three months of 2012.
Ageas sees profits soar as ratio improves
Ageas UK has announced an 11.1% increase in income to £513.3m in the first quarter of 2012 compared to the same period last year.
Axa UK delivers significant growth in commercial lines and household
Axa's general insurance business delivered nearly €10bn (£8bn) in premium in the first quarter of 2012, the UK contributing €996m of that total.
Catlin sees rates hardening across lines in Q1
Catlin's chief executive believes the market is heading the right direction with rate increases across the board as the insurer reported a 12% hike in GWP.
Zurich's UK arm sees profits dip but COR remains steady
Zurich UK has delivered an underwriting loss of $8m (£4.9m) and a combined operating ratio (COR) of 101.3%, only a slight deterioration on last year (101.2%: 2011).
Markel International achieves huge improvement in Q1 COR
Markel International has delivered $277.6m (£141.3m) of GWP in the first quarter of 2012, a 9% increase on the same period last year ($255m).
Number of chartered brokers nears the 100 mark
The Chartered Insurance Institute’s (CII) drive for professionalism has seen 12 insurers and 94 broking firms commit to chartered status according to its annual review of 2011.
Hiscox reports improved GWP for UK arm
Hiscox has delivered gross written premium of £450.7m for the first three months of 2012, a slight decline from £453.5m in the same quarter of 2011.
Tysers reports strong growth in 2011
Hawkes bay Holdings, the parent company of Lloyd's broker Tysers and underwriting agency Aquila Underwriting, delivered strong growth in revenue and pre-tax profit in 2011.
MMA delivers much improved profitability ahead of Provident merger
MMA Insurance has delivered a strong set of results for 2011, its final set of results prior to its merger with Provident and rebrand to Covéa.
Direct Line reports 25% jump in profit
Direct Line Group, the insurance arm of Royal Bank of Scotland, has reported an operating profit of £84m for the first three months of 2012.
L&G reports 17% hike in general insurance premiums for Q1
Legal & General (L&G) has reported gross premiums of £83m for the first quarter of 2012.
Novae reports 5% improvement on GWP for Q1
Novae Group has reported gross written premium (GWP) of £231.1m for the first three months of 2012.