Company results
GAB Robins boss looks overseas following MBO
The chief executive of GAB Robins UK has admitted it would like to formalise its international relationships — and could even launch its own overseas start-ups — as it seeks to grow its global markets business.
KFI reaps benefit of non-motor book growth
For sale-intermediary Kwik Fit Insurance's move away from its motor heartland helped it increase pre-tax profits by 24% to £10.93m in 2009.
Government budget cuts impacting UK, claims THB
THB group chief executive Frank Murphy has said that the sale of the majority of underwriting agency Unicorn and recessionary pressures accounted for the broker's UK business making a loss.
Broker share set to fall
The market share of national brokers is expected to decline to 50% in 2010 and is forecasted to continue falling until 2014.
THB profits up in first half
THB this morning reported a 21% rise in broking profit to £3.9m on fees and commissions of £24.6m (H1 2009 £23.3m).
Slovenian results improve slightly
Life and non-life insurers in Slovenia have reported a slight overall rise in gross written premiums.
Slovenian results improve slightly
Life and non-life insurers in Slovenia have reported a slight overall rise in gross written premiums.
Ageas 2009 international result improves under new structure
Ageas, formerly known as Fortis, today published 2009 pro forma financial information reflecting the group’s new reporting structure.
Jelf CEO optimistic asnew hires reap rewards
Jelf group chief executive Alex Alway has said the broker's investment in account executives has been key to growing the business despite recording a £616 000 loss for the six months ended 31 March 2010.
Broker Jelf records £616 000 interim loss
For the six months ended 31 March 2010, insurance broking group Jelf this morning reported a loss of £616 000, an improvement on the same period in 2009 when this was £994 000.
BP Marsh boss hints Hyperion may delay flotation
Specialist private equity firm BP Marsh and Company, a key backer of broking and insurance group Hyperion, has said it would not be surprised to see the company delay its plans to float in 2012.
Beachcroft sees turnover and profits increase
Beachcroft LLP today announced turnover figures for the year 2009/10 of approximately £131m, up from £121m last year, an increase of almost 8%.
News analysis: Will the Deepwater Horizon oil rig losses dent reinsurer capital?
With Swiss Re estimating insured losses of up to $3.5bn, the Deepwater Horizon oil rig disaster could become the largest loss the energy market has witnessed since the Piper Alpha explosion in 1988. Katherine Blackler investigates.
Results: Rollercoaster results characterise Q1 2010
As first-quarter results emerged around the globe in May, we have seen some clear winners and losers with many suffering from heavy catastrophe losses, writes Katherine Blackler.
Hyperion backer posts profit for 2009
Venture capitalist BP Marsh has posted a consolidated profit on ordinary activities after tax of £0.3m for the year ending 31 January 2010 (31 Jan 2009, loss of £1.7m).
IAG pumps $365m into UK reserves after claims deterioration
IAG has ploughed $365m (£207m) into its UK claims reserves following a “significant deterioration” in UK claims experience.
Interview - Paul Geddes: Regaining an edge
With a new team in place and a major change programme underway, including 2000 job cuts, RBSI CEO Paul Geddes talks to Jonathan Swift about the need to stay competitive.
Arista scales back growth with profit now in its sights
Arista chief executive Charles Earle has admitted the managing general agent is to scale back growth for 2010 in preparation for long-term acquisitive action.
London P&I club surplus
The London P&I Club has reported a financial year surplus of $25.9m (£17.9m) for the year ended 20 February 2010.
Europ Assistance reports 44% hike in net profit
Europ Assistance Group has reported turnover in 2009 of €1.288bn, up by 6.6% compared with 2008 (+7.6% in constant euros).
Europ Assistance reports 44% hike in net profit
Europ Assistance Group has reported turnover in 2009 of €1.288bn, up by 6.6% compared with 2008 (+7.6% in constant euros).
Hampden returns to profit in 2009
Hampden Underwriting, which provides investors with a limited liability direct investment into the Lloyd's insurance market, today said premium written during the year totalled £8.6m.
Insurer issues warning over GI premium growth
Danish insurer Topdanmark has recorded a post-tax profit increase of DKK 268m in Q1 2010 from DKK 35m in Q1 2009.
Danish insurer slips into the red in Q1
Danish insurer Trygvesta has reported a loss of DKK -354m (2009 Q1: DKK 437m) in the first quarter of 2010.