Broker/Company results
Willis's after tax profit falls 4.4% in first half
Global broker Willis had net income of $280m for the six months to 30 June 2015 compared to $293m in the same period last year.
Marsh sees EMEA revenue dip in first half of 2015
Marsh & McLennan Companies, parent company of broking firm Marsh, has posted a slight decrease in revenue for the first six months of 2015.
JLT's profit margin hit by US build-out
JLT's first half profit margin declined from 19.7% last year to 17.3% as it made a net trading loss of £12.6m on its US specialty business. The broker said this was in line with expectations.
Biba delivers uptick in 2014 turnover despite 'uncertain' market place
The British Insurance Brokers’ Association recorded a 7% annual increase in company turnover in 2014 to £3.78m (2013: £3.53m).
Turnover up but profits down at Be Wiser
Broker Be Wiser Insurance Services has reported an increase in turnover and the amount of policies on its books for the year ending 31 May 2015.
Carole Nash sees marginal profit increase as turnover drops
Carole Nash reported increased pre-tax profits of £3.94m for the 12 months ended 31 December 2014 (2013: £3.93) despite a £1.5m drop in turnover for the period.
Insurers and brokers report rise in business volumes over past three months
Business confidence for brokers, life and general insurers continues to rise, according to a joint survey by CBI and PWC published today.
Towergate concentrates on recovery after 'perfect storm' of 2014
Towergate interim CEO Scott Egan wants to draw a line under 2014 as the company reported its full year results for last year and the first quarter of 2015 today (26 June).
Reduced insurer payments behind 'modest' turnover rise at Perkins Slade
Birmingham-based broker Perkins Slade has attributed reduced service fee payments from insurers and soft market conditions for a modest 2% rise in turnover for the year ended 31 August 2014.
IRS contributes half of Lark's turnover growth
Turnover at Lark Group rose 6.5% for the 12 months ended 31 December 2014 to £26.1m (2013: £24.5m).
Jelf plots commercial acquisitions in mid-market boost
Jelf is looking for acquisition opportunities in the commercial market alongside plans to grow the insurance division's mid-market presence, according to group CEO Alex Alway.
Jelf Group's H1 revenues jump 11%
Jelf Group's revenues have jumped 11% to £43.7m for the six months ended 31 March 2015 from £39.3m in 2014.
Aon's risk division sees 5% Q1 revenue drop
Revenues in Aon's risk solutions division decreased by 5% in the three months ended 31 March 2015 to $1.9bn (£1.25bn).
MMC insurance division operating income grows 8%
Marsh & McLennan's risk and insurance services division has reported an 8% increase in operating income to $533m (£347m) for the first quarter of 2015.
Willis predicts M&A momentum as group profits dip by 14.6%
Willis Group CEO Dominic Casserley has heralded a “solid start to the year” despite seeing his firm record a 14.6% fall in net income to $210m (£136.6m) for the opening quarter (Q1 2014: $246m).
Lansdown acquisition bolsters SEIB's 2014 pre-tax profit
SEIB’s acquisition of Lansdown Insurance Brokers last April contributed £638,000 towards the firm’s full year increase in profits before tax profits of £3.03m in 2014 (FY 2013: £2.46m).
Cooper Gay's EBITDA increases 35%
Broking group Cooper Gay Swett & Crawford saw its EBITDA climb 35% to $65m (£43.7m) in 2014 compared to $42m in 2013.
Robertson Taylor exceeds £100m placed premiums
Entertainment industry broker Robertson Taylor placed total premiums of £102m for the year ended 31 December 2014; exceeding £100m for the first time.
LV's O'Roarke targets motor reduction to 50% of portfolio
LV is aiming to “reduce its dependence on private motor” with much more of is business concentrated on the home and SME space, according to general insurance managing director John O’Roarke.
JLT sees 'great opportunity' for European cyber growth
JLT plans to use its experience in the US cyber market to grow its European business, although it may need to win over large corporates who remain on the fence about the benefits of the cover, deputy CEO Mark Drummond-Brady has said.
JLT heralds 2014 growth in face of 'marked decline' in rating environment
JLT has delivered a 3% increase in pre-tax profits for 2014 to £159.7m (FY 2013: £154.6m) and a 13% rise in total revenue to £1.10bn (FY 2013: £979.2m).
Willis Q4 2014 net income grows 11.8% against full year drop
Willis Group has reported a net income for the 12 months ended 31 December 2014 of $362m (£237m), a decrease from its 2013 result of $365m.
MMC CEO Glaser hails 'outstanding performance' of broking arm Marsh
Marsh & McLennan’s risk and insurance services business has reported revenue of $6.9bn (£4.5bn) in 2014, an increase of 5%, or 3% underlying revenue growth.
Aon posts 3% increase in revenue in Q4
Aon posted a 3% increase in revenue to $3.3bn (£2.16bn) in the final quarter of 2014, primarily driven by 6% organic revenue growth. organic revenue grow by 6% to $3.3bn (£2.16bn) in the final quarter of 2014, the broker’s results published today…