Broker/Company results
Allianz’s commercial COR stronger than personal as restructuring continues
Allianz has reported an 89.9% combined ratio in commercial for Q1 2016 but despite improvements, its personal lines COR remains over 100 at 101.2% (FY 2015: 106%).
Lark acquires Euromarine Insurance Services
Lark Group has strengthened its position in the marine sector with the acquisition of Euromarine Insurance Services, a specialist marine insurance intermediary and underwriting agent.
Q1 results roundup
All the results from the biggest insurers in one place. Hastings files today.
Quiz of the week - 8 April
Test your knowledge of the week's insurance news with the Post insurance quiz of the week.
AA sees insurance service revenue fall amid flat group revenue
Revenue in insurance services at the AA fell to £131m (2015: £142m) with an increase in customer churn due to higher motor premiums the cause, according to the company’s results for the year ended 31 January 2016.
Gallagher's international bosses praised in wake of Towergate defections
Arthur J Gallagher has attributed the "underperformance" of its UK arm in 2015 to the departure of its former management team in a proxy statement released this week ahead of its annual general meeting on 17 May.
Lowest investment returns since 2001 'biggest reason' for Lloyd’s profit fall
Lloyd’s finance director John Parry said the market’s lowest investment returns in 14 years was the main factor behind its £900m profit plunge in 2015.
Towergate's Ross takes acquisitions off table for at least 12 months
Towergate will not look to make any acquisitions for at least 12 months and then only if it can genuinely make those firms better, according to CEO David Ross.
Lloyd’s posts £900m profit plunge in 'undeniably tougher' market
Lloyd’s has reported a drop in pre-tax profit to £2.1bn for 2015, from £3bn the previous year.
Towergate sells majority interest in Broker Network for £46m as broker posts £36.4m EBITDA loss
Towergate has agreed to sell a majority interest in Broker Network to its backer Highbridge for £46m, while reporting what CEO David Ross called a 'robust' income of £353m.
BGL's Minster Law reports £35m loss as IPO talks ongoing
BGL Group's legal services business recorded a £35m loss in the financial year ended 30 June 2015 as group profit before tax fell to £70.4m (2014: £82.7m).
IPT rise would not have ‘significant impact’ on Hastings
A speculated insurance premium tax hike in the 16 March Budget would not disadvantage Hastings Insurance Group due to the company’s high market share from comparison websites, according to its chief financial officer, but customers would be worse off.
Principal breaks into profit and doubles turnover
Manchester-headquartered Principal Insurance has reported a post-tax profit of £54,000 in the 2014/15 year from a £51,000 loss the year before.
Money Supermarket reports 2% insurance revenue increase for 2015
Money Supermarket's insurance division reported a 2% increase in revenue for the year ended 31 December 2015 to £140.2m (2014: £138m).
JLT's profit falls 7% after "challenges" in UK & Ireland employee benefits unit
Global broker Jardine Lloyd Thompson's pre-tax profit fell 7% to £170.1m in 2015 compared with the 2014 fiscal period.
Steadfast's profit climbs 81% in first half
Australian broker network and underwriting agency Steadfast saw after tax profits climb 81% in the first half of fiscal year 2016 to A$37.9m (£19.4m).
Results round up: 2015 full year company results
Zurich and Markel latest firms to file. Find all the unedited 2015 full year results in one place.
Willis GB commissions and revenues slump in 2015
Willis GB has reported a drop in revenue to $641m (£443m) for the 12 months to 31 December 2015 while, at group level, the broker reported a $24m net loss for Q4 2015.
Aon international broking revenue falls 10% to $2.76bn despite organic gains
Aon has today reported its international broking arm – which includes the UK – saw revenue fall 10% to $2.76bn (2014: $3.05bn) in 2015. A figure that jumps to 12% less currency impact.
Gallagher sees 2015 broking profits rise by 1% despite Q4 dip
Arthur J Gallagher’s broking division recorded a marginal increase in profits to $266.4m (£186.3m) last year, representing a 1.3% uptick on the $262.9m it generated in 2014.
Money Supermarket reports 10% drop in Q4 insurance revenue
Aggregator Money Supermarket has reported a 10% fall in insurance revenues for the three months ended 31 December 2015.
Hyperion eschews 2015 dividend as RKH deal fuels £81.4m accounting loss
Hyperion will report an International Financial Reporting Standards accounting loss of £81.4m for 2015 as a result of expenses such as that associated with the acquisition of RKH.
Blog: What will Maurice Tulloch's legacy as Aviva UK GI CEO be?
The news that Maurice Tulloch is to step down from his post as CEO of Aviva’s UK general insurance business should not have come as much surprise.
Blanc hails ‘heartening' full-year figures at Aston Scott
Aston Scott Group has reported a 6.4% increase in its fee and commission income for the year ended 30 June 2015 to £17.8m (2014: £16.7m).