The average revenue earned by insurance intermediaries increased in 2017, according to figures from the Financial Conduct Authority.
When Allianz acquired 49% of LV’s general insurance business, it set the market talking. Martin Croucher talked to the CEOs of both businesses to chart their progress
Ardonagh’s underwriting division will exit unprofitable parts of its personal lines book after it reported a £5.2m loss in the first quarter 2018.
Legal & General is now the majority capacity provider for a £550m five year binder with Pen Underwriting, as the general insurance business aims to grow its premium by double digits in the coming year.
LV will take a cautious approach to the home market following the acquisition of Allianz’s personal lines portfolio.
Well-publicised gains in Charles Taylor’s loss adjusting and insurtech arms saw revenues jump 25% in 2017 but failed to push the insurance services provider to profit.
JLT is open to targeting bolt-on acquisitions in Europe following the group’s strong 2017 results.
I have never bought insurance from a high-street broker. In fact, I know very few people my age who have.
Ageas will continue to restructure its business even as the company is set to return to an underwriting profit for the remainder of the year.
Since packing up his life in London and flying half way across the world to Australia, Mark Searles, CEO of AUB Group, has transformed a broker into the leading equity-based broking, risk management, advice and solutions provider in Australasia.
This week the results season well and truly got underway with big names in the UK’s insurance sector reporting back to market on how they fared over 2017.
AA Insurance Services expects to deliver Ebitda of between £390m and £395m for the financial year ended 31 January, the company said in a market update.
Marsh and McLennan Companies has reported a 6% boost in full year revenue.
Aston Scott Group saw a 40% increase in pre-tax profit to £1.9m to the year ending 30 June 2017.
Leeds-based Romero Group saw adjusted Ebitda increase 14% to £2.7m in the year to 30 April 2017.
International broking giant Arthur J Gallagher will continue to acquire in 2018.
Hyperion Group is entering 2018 with a $300m (£223m) war chest to play with, the group’s chief financial officer has said.
Hyperion Group posted a 20% jump in revenue for the year ended 30 September 2017.
UK General made an operating loss of £714,879 for the year ending 31 March 2017, compared to a profit of £8.7m in the previous year.
Cobra has seen Ebitda rise 33% to £1.44m from £1.08m.
Specialist insurance consolidator Global Risk Partners has seen gross written premiums rise £150m over the course of 2017.
Motorcycle broker Carole Nash was a longstanding acquisition target for Ardonagh, the group's CEO said
The Ardonagh Group posted adjusted Ebitda of £ 79.1m in the first nine months of 2017, a 19.7% rise year-on-year.
Pre-tax profit at global broker Aon fell from $309m (£235m) in the third quarter of 2016 to $200m in Q3 2017.