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Motor insurers urged to aim for profit
Motor insurers need to do more to improve profitability and return their collective underwriting loss back to the black.
Insurer |
24 May 2012 
Combined profit of 'going concern' Provident and sister MMA reaches £4.5m
MMA and Provident's final sets of individual annual results published before their anticipated merger reveals a combined pre-tax profit of £4.53m for the year ending 31 December 2011.
Insurer |
23 May 2012
Tokio Marine Europe up nearly a quarter
Tokio Marine Europe has reported a turnover increase for 2011 of nearly 24% to £14.5m (2010: £11.7m), with operating profit leaping to £694 177 (2010: £118 622).
Insurer |
23 May 2012
Hampden Underwriting posts a loss but vows to raise cash
Hampden Underwriting has posted a net loss of £387 000 (2010: £132 000) in its full year results citing last year’s catastrophes as the cause but the chairman has pledged to raise capital.
Insurer |
23 May 2012
Innovation Group profits from insurance
Insurer software and services provider The Innovation Group has announced half year revenue up 10% to £94.8m (2011: £85.8m) and adjusted profit before tax up 16% to £7.3m (2011: £6.3m).
Claims |
23 May 2012
The insurance business resource library
Insurance Hound
A free and easy-to-use digital library of briefings, white papers and reports updated on an hourly basis
Towergate says Cobra withdrawal shows it is financially disciplined and 'boring'
Towergate boss Mark Hodges has said the broker's withdrawal from the race to buy rival Cobra is a sign of Towergate's financial discipline.
Broker |
22 May 2012
Broking holds back Towergate in Q1
Towergate Insurance's Q1 figures show that its broking business suffered as overall group income was up 2% to £105.5m (2011: £103.3m) and group operating earnings were up 9% to £34.3m (2011: £31.4m).
Broker |
22 May 2012
Commercial lines hurt Allianz's Q1 COR
Allianz has reported UK Q1 gross written premiums up 6.8% over same period in 2011 and a marginally worse combined operating ratio of 97.1% giving the firm its 37th consecutive quarter with a sub-100% COR.
Insurer |
18 May 2012
Deutsche Bank analyst admits surprise at Aviva UK GI slowdown
Equity analyst Deutsche Bank has admitted surprise at Aviva's UK result this morning.
Insurer |
17 May 2012
Amlin CEO says three quarters of business has seen rate rises in Q1 2012
Amlin reported this morning that the group's gross written premium for the four months ended 30 April 2012 was up 10.5% at £1.4bn (30 April 2011: £1.3bn). At constant rates of exchange, written premium increased by 11.6% (30 April 2011: £1.29bn).
Lloyd's/London |
17 May 2012
European risk and insurance intelligence
Insurance Insight
Your one-stop-shop for all the news in the European, Asian and Middle Eastern insurance markets
Aviva admits CEO hunt will take rest of 2012
Aviva has said that it will not be in a position to name a new CEO until the end of the year, and hinted that business exits are inevitable as the company undertakes a widescale strategic review.
Insurer |
17 May 2012
Canopius target Omega blames Bermuda non-renewals for GWP drop in Q1 2012
Omega Insurance Holdings has reported that group gross written premium in the first three months of 2012 totalled $120.6m (Q1 2011: $129.4m).
Lloyd's/London |
16 May 2012
NFU Mutual reports first underwriting profit since 2006 but hit by investment losses
Rural and agricultural insurance specialist NFU mutual has reported its first underwriting profit for five years in its 2011 reports and accounts.
Insurer |
16 May 2012
Administrators sell Hemel Hempstead broker Castle Personal to Taylor Francis
Castle Personal Insurance Brokers has gone into administration and its assets have been sold to Buckinghamshire-based broker and agent Taylor Francis.
Broker |
15 May 2012
Allianz posts second highest Q1 revenue in its history
Insurer has reported a record revenue of €30.1bn in Q1 with UK gross written premiums of almost €600m.
Insurer |
15 May 2012
Comment
Interview
Interview: JLT's Dominic Burke - a thoroughbred performer
Horseracing-mad Dominic Burke has huge ambitions for JLT, with a firm focus on international expansion, and he scotches...
View from the top
View from the top: Airline insurance - the risk remains
Despite 2012 losses being only 12% of the annual average to date, a single incident could flip the market, says David...
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Events
2012 insurance industry report: The inside track to achieving a more sustainable business
To achieve a sustainable profit, personal lines insurers need to transform their retention rates, using modern communications techniques to engage with customers and understand their individual needs. This white paper is based on a specially commissioned study involving 42 senior managers at UK and Irish insurers.
Work equipment risks in the UK
The complex patchwork of legislation and guidance governing work equipment risks in the UK is an administrative monster that many businesses struggle to wrestle with successfully. It takes significant levels of technical expertise and resources to understand and effectively navigate the maze of legal requirements, and this problem grows increasingly unwieldy for smaller organisations with limited manpower and finances.
CII encourages apprenticeships with new guide
Post |
24 May 2012 
Nationwide slams CMCs as PPI wipes £103m from balance sheet
Post |
24 May 2012
Experian joins forces with Transactor
Post |
24 May 2012
Suspected bogus broker arrested
Post |
24 May 2012
Mapfre appoints Midlands boss
Post |
24 May 2012
Editor's comment: Fleeing the family nest
This week’s deal developments read like two coming-of-age literary fables written to reward hard work and endeavour, while...