Broker/Company results
Allianz CEO "pessimistic" about commercial premium outlook
Allianz has reported gross written premiums up 4.1% in the third quarter of 2010 compared to the same period a year before.
Interview - Ray Cox: True Brit
Brit may have taken its time in naming a new UK CEO, but now Ray Cox is in place he tells Jonathan Swift he is eager to build on his forerunner's legacy.
MMC reports Risk and Insurance Services operating income up 12% in Q3 to $142m
Marsh & McLennan Companies' risk and insurance services segment revenue in the third quarter of 2010 was $1.3 bn, an increase of 8 percent from the third quarter of 2009.
MMC reports Risk and Insurance Services operating income up 12% in Q3 to $142m
Marsh & McLennan Companies' risk and insurance services segment revenue in the third quarter of 2010 was $1.3 bn, an increase of 8 percent from the third quarter of 2009.
RBS Insurance ramps up claims reserves by a further £100m in Q3
RBS Insurance today said it had set aside a further £100m for bodily injury claims reserves, largely relating to periodic payment orders. This follows the £320m established in respect of bodily injury in quarter two by the owner of Direct Line and…
BP Marsh seeks to expand broking portfolio with loan
Venture capital firm BP Marsh is poised to grow its insurance interests, after agreeing a £4.3m loan with its directors.
Deloitte: Issue of brokers selling motor at a loss needs to be addressed
In order to turn their performance around, motor insurers need to increase their premiums while maintaining their customer base.
Aviva Q3 UK GI premiums exceed £1bn as its tops 1m direct motor customers
Aviva this morning said that general insurance net written premiums were up 12% at £1.05bn when compared to the same quarter last year (3Q09: £937m).
Aon blames "economic conditions" for 11% drop in UK revenue in Q3 2010
Aon has reported that its UK broking business recorded a 11% drop in commission and fees in the third quarter of 2010 to $148m (£92.7m) (Q3 2009: $167m) with an 8% downturn in organic revenue.
Willis Group nine month profit remains static at $357m
Willis Group has reported net income from continuing operations for the nine months ended September 30, 2010 was $357m ($226.4m), compared with $357m, in the same period a year ago.
Top 25 EC3 brokers - Analysis: Getting the balance right
Despite markets not changing dramatically, some EC3 brokers recorded notable figures. James Simpson reports on the sector over the past 12 months.
Interview - Adrian Colosso: The comeback kid
Having come close to going bust in 2005, Daniel Dunkley talks to Heath Lambert's chief executive Adrian Colosso about the challenges facing the firm as it continues to punch above its weight.
Top 25 EC3 brokers - Commentary: Size is not everything
Olly Laughton-Scott looks at the rationales behind acquisition strategies, explores the maxim that size does not matter and that the disposal of business can be just as illuminating.
Transactor revenue rises 22%
Transactor Global Solutions has reported a 22% growth in annual turnover for the year ended March 2010, to £4.5m compared to £3.7m in 2008/9.
BGL: no plans to float as pre-tax profits increase
BGL Group chief executive Peter Winslow has stressed the intermediary still has no plans to seek private equity backing or float, despite noises from rivals including Hastings Direct.
Castle Cover boss: I will only sell for 'Swiftcover-style' offer
The founder of Primary-backed over-50s broker Castle Cover has admitted it would be hard to resist a Swiftcover-style "tomorrow's price today" offer, but that its focus for now is on remaining independent.
Hastings eyes PL top 5 as GWP exceeds £250m
HASTINGS Direct has upgraded its plan for business growth ahead of a proposed flotation in 2012.
Interview - Patrick Snowball: Turning the light on at Suncorp
When Patrick Snowball headed to Brisbane to take the reins at Suncorp, many in the UK industry were surprised. Jonathan Swift finds out why he took this particular job offer and his plans for his tenure.
Customer value management: Improving margins
Broker marketing skills have become ever more important in the personal lines market, with the growth of online aggregators. Tim Ham reports on the increased need for customer value management to optimise profit.
Brightside broking chairman outlines acquisition strategy
Brightside has confirmed it is considering going on the acquisition trail as the group recorded a pre-tax profit of £4m for H1 2010.
Brightside reports H1 2010 revenue surge
Insurance broker Brightside has posted revenues of £26.6m for the first half of 2010 – an increase of almost 25% year-on-year.
Q2 cat bond issuance surge
Guy Carpenter has announced the completion of eight catastrophe bond transactions, totaling $2.05bn of risk capital as investor appetite remains strong.
Xbridge doubles profit in 2009
Xbridge has recorded an increased profit of £3m for its insurance division for the year ending 31 December 2009.
Heath Lambert opts for Santander in refinancing
Heath Lambert has agreed a refinancing deal with Santander, securing a new bank facility worth £24m.