Company results
AI Claims Solutions revenue up 65%
AI Claims Solutions has reported revenue increased by 65% to £91.9m from £55.7m.
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.
Novae CEO hails Lloyd's first as it unlocks capital with transfer
Novae Group has received consent to transfer insurance liabilities from Novae Insurance Company to the group's Lloyd's Syndicate 2007.
News analysis: H1 reinsurer results slump
Bermudan reinsurers recorded huge drops in profits following heavy claims from the catastrophes experienced in the first half of the year, though elsewhere some reinsurers fared better, writes Katherine Blackler.
Scor reports 19% growth
Property and casualty and specialty treaty renewals at end of June have resulted in premium growth of 19% at constant exchange rates, while fully respecting the technical underwriting profitability criteria.
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.
Groupama contract boosts Nationwide H1 results
Nationwide Accident Repair Service has reported a 9% increase in turnover for the first half of the financial year – aided by a significant new contract with insurer Groupama.
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.
Quinn defends underwriting loss
Draft unaudited accounts show Quinn Insurance underwriting losses of €127m on in 2009 and a write-down of certain assets of €677m.
Quinn Insurance losses hit €788m
Quinn Insurance has reported that it made a loss of €788.4m for the last year.
Cobra slides back into profit
Cobra has returned to a pre-tax profit in the 12 months to 31 March 2010.
LDC set to test market for £70m Davies sale
Private equity house Lloyds Development Capital is understood to be looking to test the market for realising its investment in claims management and loss adjusting firm Davies and may sell if an offer comes to match its price.
Ward confident on ATE despite Jackson
The after-the-event insurance market is "here to stay", despite proposals laid out by Lord Justice Jackson, according to Abbey Protection.
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.
Reinsurer shareholders' funds grow by 12%
Reinsurer shareholders’ funds have grown by 12% to stand at $235bn, according to the Aon Benfield Aggregate report.
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.
Abbey reports 11% increase in H1 pre-tax profit
Abbey Protection has announced an 11% increase in pre-tax profits to £4.7m for the first six months of 2010.
Coface returns to profit in H1 2010
The credit insurer has recorded an operating profit of €55m compared to -€47m in the second half of 2009 and -€202m in the first half of 2009.
Admiral has a dig at scaremongering rivals
Admiral has achieved the "dream scenario" of growing policy volumes and margin in the first six months of 2010, according to chief operating officer David Stevens.