Broker/Company results
Towergate restructuring costs climb to £15m for H1
Towergate’s group reorganisation programme cost the broker £15.1m in the six months to June 30, an increase on the £9.1m spent in the first half of 2013.
Towergate losses grow 52% as redundancy programme expands
Towergate has announced increased pre-tax losses for the first half of 2014, alongside adding an extra 100 staff to expected headcount reduction by year end.
Gallagher Q2 broking revenues up 34%
Arthur J Gallagher has reported group-wide broking revenues climbing by more than a third on a year-on-year basis for Q2.
Willis posts 5.1% revenue increase in Q2 despite UK retail decline
Willis posted a 5.1% increase in revenues, including commissions and fees, investment income and other income to $935m (£552m) in the second quarter of 2014.
JLT growing strongly in Asia
In the first half of the year revenue at JLT Asia's risk and insurance portfolio grew 9% while its employee benefits book climbed 35%.
‘Invigorated’ Burke pledges future to JLT
Jardine Lloyd Thompson chief executive Dominic Burke has committed his future to the broker after returning from a shock two month sabbatical.
JLT posts 15% increase in revenues in H1
Jardine Lloyd Thompson posted a 15% increase in total revenue to £559.6m for the first six months of 2014, despite a challenging rating environment in insurance and reinsurance and adverse foreign exchange movement.
Results season round-up: six monthly interims for 2015
Insurers and brokers report their six monthly interim results for 2015.
Aon Q2 broking operating income up 7%
Aon has reported a 7% increase in operating income for its broking business in Q2 of 2014, with internal savings driving the improvement.
Disposals push Capita to £238m profit
The sale of ailing broking business BDML, Sureterm, Lancaster and Delta to Markerstudy has helped push Capita to a pre-tax profit of £238m for the first half of 2014.
Be Wiser boss predicts return on investment after year of growth
Be Wiser Insurance finance director Andrew Dunkerley has heralded the fact the firm achieved increased profits of £2.2m (2013: £2m) against a backdrop of significant investment in staff and training.
Acturis records £29.6m revenue for 2013
Insurance software provider Acturis has reported a revenue of £29.6m for the year ended 30 September 2013, a 21% increase on its 2012 result.
Profit margin slips by 1% at Tysers as chair eyes 'opportunities'
Tysers saw its Ebitda profit margin slip on a year-on-year basis from 19% in 2012 to 18%, despite recording 3% growth in overall revenues to £38.7m in 2013 (2012: £37.6m).
Towergate Q1 losses increase to £27m
Towergate has seen made an expanded pre-tax loss of £26.6m for the first three months of the year, up 41% from last year’s equivalent figure of £18.9m.
Membership satisfaction highest since 2007, claims Broker Network
Broker Network has claimed satisfaction among members is at its highest level in seven years and that contentment among staff is also on the rise.
Homeserve UK profits half in three years
Homeserve has seen its UK profits slump to £53.4m, just over half of its equivalent figure of £104.3m in 2011.
Giles parent records £72.5m Gallagher takeover charge
Giles parent Expectrum has taken a £72.5m charge on its sale to Arthur J Gallagher last year, according to recent accounts.
Bexhill records 10% increase in lending
Premium finance provider Bexhill has reported a nearly 10% increase in lending on the same period last year.
Ten sees 20% GWP increase for Q1
Ten Insurance has reported Q1 gross written premiums of £6.4m - a 20% increase on the same period last year.
Jelf sees 14.6% increase in insurance business revenue
Broker Jelf has reported a 14.6% increase in revenue for its insurance business to £26.8m (2013: £23.4m) for the six months ending 31 March 2014.
Southern Rock reports £8.7m profits for 2013
Southern Rock Insurance has announced post-tax profits of £8.7m for the year ended 31 December 2013 attributing its move away from Brightside as a factor in improving the company's performance.
Brightside agrees to £127m acquisition by AnaCap company
Brightside has agreed to a £127m acquisition by a newly incorporated company indirectly owned by private equity firm AnaCap Financial Partners.
Marsh records 5% Q1 revenue increase
Broker Marsh has reported a 5% increase in revenue for Q1 2014 up to $1.45bn (£854m) from $1.38bn in 2013.
Hodges defends merits of network model following 2013 earnings slump
Towergate boss Mark Hodges has denied appetite for networks is dwindling and has tipped his own network division to bounce back this year in the wake of an almost 50% decline in earnings in 2013.