Company results

Towergate hit by £35m loss

Towergate has announced a loss of £35.4m for the nine months ended September 2011, over £10m more than the £23.2m it lost in the same period of 2010.

Rates hardening at Amlin UK

Amlin UK has revealed an 8.4% growth in gross written premium (GWP) to £269.7m for the year to 31 October compared with £248.8m for the same period in 2010.

Profits and growth at Ageas

Ageas Insurance has revealed a 16.8% rise in gross written premiums to £822.5m and an improved combined operating ratio of 99.8% for the first nine months of 2011, compared to 104.9% in the same period last year.

Profits tumble at Aspen

Aspen Insurance Holdings has revealed a 76% fall in third quarter profits to $22.2m (£13.8m) compared to the same period of 2010 when it made $92.8m.

Axa reveals 1% growth in UK P&C business

Axa’s results for the first nine months of 2011 have shown a small increase in UK property and casualty (P&C) revenue to €2.82bn (£2.47bn) from €2.79bn in the comparable period of 2010.

Ace posts Q3 loss

Ace has reported a net loss for the third quarter of 2011 of $31m (£19.4m) compared with a profit of $675m in the same period of 2010.

Income down at Willis UK

Willis Group has announced a 4% growth in commission and fees for the third quarter of 2011 to $755m (£472.6m) compared to $723m in the same period of 2010.

Towergate losses accelerate to £21.3m

A Towergate report to bondholders for the second quarter of 2011 has revealed the broking giant lost £21.3m in the first half of 2011, up from £13.7m in the same period of 2010.

Hastings' GWP leaps 52%

Hastings has announced its EBITDA rose to £27m in its full year figures to the end of June, more than double 2010’s total of £11m.

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