Company results

Hodges: no 'land grab' for Aviva

Aviva UK plans to build its capability in the commercial property owners and motor sectors after its business insurance book shrunk by £400m in 2009.

Fortis UK profit down £47m

Fortis reports non-life profit before tax and interest of £29m, down from £76m in 2008, with CEO Barry Smith attributing reduced profit to “challenging market conditions.”

Editor's comment: Is Aviva now fitter?

For months there has been speculation about how much business Aviva had shed in its efforts to bolster its profitability. The answer — as highlighted in its 2009 full year accounts out this week — was quite a lot, as it reported net written premiums in…

Novae profit declines

Pre-tax profits for 2009 at the (re)insurance group fell £9.6m due to first half losses but gross written premiums rose 10%

Allianz ups motor rates by 24% in 2009

Allianz's UK profit rose 5.2% to £203.7m in 2009 despite a 5.4% fall in gross written premium in its retail division to £579.9m as a result of corrective action on private motor rates, which increased by almost a quarter.

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