Broker/Company results
Gable doubles GWP
Gable Holdings has produced gross written premium of £8.63m (H1 2009: £4.0m) for the six months ended 30 June 2010.
Tumbling revenues force CBG to close Liverpool operation
CBG has closed down its Liverpool operation amid "disappointing" results for the first half of the year.
CBG broking profit increases by 24%
Broker CBG has announced its interim results for the six months to 30 June 2010.
Cobra slides back into profit
Cobra has returned to a pre-tax profit in the 12 months to 31 March 2010.
View from the top: Commercial reality check
The most recent round of financial results from across the market has provided further proof, if more were needed, that commercial insurance is being sold too cheaply. Indeed, this has been the case for far too long. Action to address this is a matter of…
Profits soar at Fortis-owned broker
The Green Insurance Company has reported turnover of £4.36m for the year 2009, marking a significant increase on the £2.7m reported the previous year.
LV COR down to 101.9% as insurer reveals improved H1 results
LV has recorded an improved performance for H1 2010, with sales and trading profits up on the same period of 2009.
R&Q profits hit $3.6m
Randall & Quilter's income rose 52% to £16.1m in the first six months of the year, up from £10.6m in the first half of 2009. The company's profit before tax was £5.8m (2009: £1.2m) and basic earnings for each share are 6.9p (H1 2009: 1.7p). The insurance…
Arista records growth in H1 2010
Commercial lines MGA Arista Insurance has recorded a 21% increase in income in the first half compared with the same period in 2009.
Co-op Insurance reveals new business increase of 32% in H1 2010
The Co-operative Financial Services has recorded an increased profit of £307m for the half year to 3 July 2010 - despite a drop in profit of £1.9m for its general insurance division.
Post in print - 19 August 2010
Post senior reporter Dan Dunkley outlines the main news from this week's issue of Post.
Kerry London secures £1m acquisition funding
Kerry London chief executive Damian Kissane has claimed the group is close to concluding a new bank facility that will enable it to make an acquisition.
Allianz boss backs rate increases to fuel return to profit
Allianz Insurance chief executive Andrew Torrance has revealed it could implement rate increases of up to 25% in its broker motor book during 2010.
Allianz UK COR remains steady at 95.3% as profits drop for H1 2010
Allianz has recorded a reduced profit before tax of £78.4m (H1 2009: £88.3m) for H1 2010, as the insurer’s combined operating ratio deteriorated slightly to 95.3% (H1 2009: 94.9%).
Editor's comment - RBSI: happy at home
Following the announcements of staff cuts and the possible withdrawal of NIG from personal lines, Royal Bank of Scotland Insurance showed its hand this week, and it was — to say the least — a little soiled by bodily injury claim losses.
Aviva results: UK GI business profit improved 24% to £197m in H1 2010
Aviva has seen its UK general insurance and health underwriting results and operating profits go backwards in the first six months of 2010 to £56m (H1 2009: £63m) and £269m (H1 2009: £282m) respectively.
RSA results reveal 9% NWP growth for H1 2010
Insurer RSA’s UK net written premiums increased by 9% year on year to £1.46bn in the first half of 2010 (H1 2009: £1.34bn) according to its latest financial results.
RSA results reveal 9% NWP growth for H1 2010
Insurer RSA’s UK net written premiums increased by 9% year on year to £1.46bn in the first half of 2010 (H1 2009: £1.34bn) according to its latest financial results.
Moneysupermarket sees insurance reveune increase 9% to £40.6m in H1 2010
Moneysupermarket this morning reported that revenue from its insurance division for the first six months of 2010 increased 9% to £40.6m (H1 2009: £37.1m).
Axa-owned broker Bluefin sees 4% drop in revenue in first half of 2010
Axa-owned broker Bluefin Insurance Group revenues were down 4% to £57m for the first six months of 2010, it reported this morning.
JLT CEO: 'we will be doing the acquiring'
Jardine Lloyd Thompson has pledged to invest in its Asian operations after posting strong international growth in its half-year financials.
Marsh Q2 2010 results show double digit growth in Asia
Marsh & McLennan has today reported that its risk and insurance services arm, Marsh, recorded revenue of $1.5 bn (£942m) in the second quarter of 2010, an increase of nine percent from the same period in 2009, or one percent on an underlying basis.
Aon results highlight 8% fall in broker's UK revenue
Broking giant Aon today reported an 8% decline in commission and fees for its UK arm, in the second quarter of 2010 to $167m (Q2 2009: $181m).
Willis UK sees growth after several negative quarters
Willis Group has reported net income from continuing operations for the quarter ended June 30 was $89m, compared with $87m in the same period a year ago.