Broker/Company results
Aviva to attack motor with online-only brand
Aviva is gearing up to challenge multi-brand motor insurance giants Royal Bank of Scotland Insurance and Admiral on the aggregators with the launch of a new internet-only brand.
Barbon trading platform on track for a summer launch
Barbon Insurance Group is now "weeks away" from launching its wholesale broker online trading platform via property business Keelan Westall.
Giles rebuffs claim that growth dependent on acquisitions
Giles Insurance Brokers has stated its growth "does not depend on acquisitions" as it recorded an operating loss of £6.5m (2009: £8.4m profit) for the year ended August 2010.
Ageas UK non-life back in profit in Q1 as motor COR improves 14.5%
Ageas' non-life has reported a non life profit before tax of £3.9m for the first quarter of 2011, a £9.2m improvement over the same period last year.
Aviva Europe NWP up 3% despite drop in sales
In its Q1 results Aviva Europe has reported net written premiums increased by 3% to £614m (Q1 2010: £597m), equivalent to 7% increase on a local currency basis.
Giles reports 2010 loss of £37m
Giles made a loss of £37.11m in the year to 31 August 2010, according to accounts filed with Companies House this week.
RSA reports Q1 premium rise
RSA has reported net written premiums of £2.1bn, up 8%, in the first quarter of 2011.
Chartis COR hits 119% in Q1 as insurer is hit by $1.7bn cat costs
Chartis, the non-life division of AIG, has reported a first quarter operating loss before net realized capital gains of $463 m, reflecting $1.7bn of Catastrophe losses comprised of $1.3bn for the Japan earthquake and tsunami.
Nat-cats add 42 points to Markel International combined ratio
Markel International has reported that natural catastrophes in the first quarter of 2011 contributed to a deterioration in its combined ratio to 152%, compared to 109% for the same period of 2010.
RBSI returns to operating profit as income falls 7%
Royal Bank of Scotland Insurance has reported an operating profit of £67m in the first quarter of the year compared to a loss of £50m in the same period in 2010.
Willis sees profits slide by $170m due to review charge and other one off costs
Willis reported net income for the first quarter of 2011 fell to $34m (£20.6m), compared with $204m in the same period a year ago.
Towergate hints at global acquisition plans in 2011
Towergate Insurance Group has not ruled out an acquisition outside the UK before the recently refinanced consolidator achieves its long-term goal of flotation.
AJ Gallagher beats 15% target in Q1
AJ Gallagher has recorded revenue of $446.9m (£269.7m) in the first quarter of the year, marking a $47m increase compared to the same period in 2010.
ARM launches building valuation service
Aspen Risk Management has launched a free building valuation assessment service for its broker partners and clients.
Claims - controlling costs: inventive intervention
With motor rate rises slowing down and bodily injury claims growing, Tim Roberts questions whether current innovation and investment is enough to get insurers back on an even keel.
Marsh insurance arm sees 21% Q1 growth in Latin America
Marsh & McLennan's risk and insurance services revenue increased 10 percent to $1.6bn in the first quarter of 2011, or 4 percent on an underlying basis, it announced today.
Generali shareholders approve 2010 statements and €0.45 dividend
The shareholders of Assicurazioni Generali SpA have approved the 2010 financial statements and the distribution to shareholders of a per-share dividend of €0.45 (+28.6% relative to 2009).
Generali shareholders approve 2010 statements and €0.45 dividend
The shareholders of Assicurazioni Generali SpA have approved the 2010 financial statements and the distribution to shareholders of a per-share dividend of €0.45 (+28.6% relative to 2009).
JLT "positive" on start to 2011 after Asian account wins
The year to 27 April has started "positively", JLT reported today, with increased contributions from its businesses in the faster growing economies and, in particular, a number of notable new accounts won in Asia.
JLT "positive" on start to 2011 after Asian account wins
The year to 27 April has started "positively", JLT reported today, with increased contributions from its businesses in the faster growing economies and, in particular, a number of notable new accounts won in Asia.
185 jobs at risk as IAG UK wields axe
Post has learnt that Equity Red Star, the UK arm of Insurance Australia Group, is set to make a host of staff redundant as part of sweeping cuts across the business. A total of 185 jobs are at risk.
Regional review - Cardiff: a sleeping dragon?
Despite being the largest city in Wales, the Cardiff insurance sector faces daunting challenges in the future. Daniel Dunkley finds out how it plans to face them.
Giles £100m corporate target bolstered by wins
Giles Insurance Brokers' efforts to grow its corporate book of business to £100m within 12 to 18 months has been boosted with a series of business wins.
News analysis - Provident Insurance: signed, sealed, delivered
The ink has just dried on the deal that sees ownership of Provident move from troubled US firm Ally Financial to French company Covea. Daniel Dunkley reports on what the future holds for the motor insurer.