Broker/Company results
Week in Post: Are further Swinton branch closures a sign of the times?
I have never bought insurance from a high-street broker. In fact, I know very few people my age who have.
Ageas UK eyes further restructuring to drive profit growth
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.
Interview: Mark Searles, AUB Group
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 in Post: Results, rumour and regulation
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 releases 2017 pre-close results
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 see revenue up 6% at full year
Marsh and McLennan Companies has reported a 6% boost in full year revenue.
Pre-tax profits jump 40% at Aston Scott Group
Aston Scott Group saw a 40% increase in pre-tax profit to £1.9m to the year ending 30 June 2017.
Romero Group sees 14% Ebitda growth for 2016/17
Leeds-based Romero Group saw adjusted Ebitda increase 14% to £2.7m in the year to 30 April 2017.
Gallagher's "M&A pipeline is full" after 2017 growth
International broking giant Arthur J Gallagher will continue to acquire in 2018.
Hyperion targets emerging markets and Lat Am with $300m in reserve
Hyperion Group is entering 2018 with a $300m (£223m) war chest to play with, the group’s chief financial officer has said.
Hyperion’s revenue up 20% at full year
Hyperion Group posted a 20% jump in revenue for the year ended 30 September 2017.
Exceptional items put UK General in the red in 2016/17
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 sees profits rise 33%
Cobra has seen Ebitda rise 33% to £1.44m from £1.08m.
GRP posts £150m GWP boost for 2017
Specialist insurance consolidator Global Risk Partners has seen gross written premiums rise £150m over the course of 2017.
Carole Nash was ‘target consumer brand’ for Ardonagh, says Ross
Motorcycle broker Carole Nash was a longstanding acquisition target for Ardonagh, the group's CEO said
Ardonagh adjusted Ebitda up 19.7% in Q3
The Ardonagh Group posted adjusted Ebitda of £ 79.1m in the first nine months of 2017, a 19.7% rise year-on-year.
Aon's Q3 profit slips after $102m of restructuring costs
Pre-tax profit at global broker Aon fell from $309m (£235m) in the third quarter of 2016 to $200m in Q3 2017.
BP Marsh sees profits double from asset sales
Insurance-sector investor BP Marsh saw profits more than double to £10.2m in the six months to 31 July.
Ardonagh to take aim at ‘dollar economy’, says Ross
The Ardonagh Group can go “anywhere it wants” as it sets its sight on expansion into the US market, the company’s CEO has said
Ardonagh adjusted Ebitda up 21.3% in first earnings report
The Ardonagh Group posted adjusted Ebitda of £57.6m in the first six months of 2017, a 21.3% rise year-on-year.
Swinton reports a drop in pre-tax profit during 2016 financial year following 'strategic' transformation
Swinton has reported pre-tax profit of £11.5m in the financial year ending 31st December 2016, down from £15.9m in the same period last year.
LV reports £49m GI operating profit during H1 2017
LV has reported a strong growth in its general insurance operating profit which went up to £49m in the first half of 2017, compared to £22m in the same period last year.
Week in Post: Last of the summer wine
This week we’ve seen some major acquisitions in the summer lull between the tail-end of results season, and everyone heading off to their holidays in Spain.
CII sees profit dip due to change programme
The Chartered Insurance Institute has seen a 12% dip in pre-tax profits from the previous year.