Company results
Towergate Q3 income drops 10% as infrastructure challenges continue
Towergate has reported a 10.3% decline in income to £87m in the third quarter of 2015 compared to £97m in the same period of 2014.
A-Plan targets acquisitions on back of previous year's growth
High street broker A-Plan has delivered a 9% increase in earnings before interest, taxes, depreciation and amortisation to £24.7m for the year ending 28 February 2015 (FY 2013: £22.7m).
Profit up 19% at Hastings in opening nine months
Operating profit for Hastings Group continues to track upwards, with a 19% increase to £93.8m for the nine months to 30 September (9M 2014: £79m).
Beazley chalks up 6% premium growth in opening nine months
Beazley CEO Andrew Horton has heralded his firm’s strategy of targeting attractive opportunities in a highly competitive market after delivering premium growth of 6% to $1.64bn (£1.08bn) in the first nine months of 2015.
Novae CEO Fosh confident for Q4 despite softening market
Novae Group CEO Matthew Fosh believes the specialist Lloyd’s player is “well positioned” for the final quarter, despite a softening rating environment, after achieving a 20.3% uptick in gross written premiums over the opening nine months of 2015.
Esure GWP rises 5% at nine month stage as rating actions bed in
Positive rating actions and footprint expansion in home and motor lines of business have seen Esure increase gross written premium by 5% to £430.5m in the first nine months of 2015 (9M 2014 £410m).
Crawford to cut up to $28m from expense base in additional restructure
Crawford and Company is seeking to reduce its dependence on severe weather claims by embarking on an additional restructuring plan designed to remove $25m (£16.6m) to $28m from the company’s expense base.
Dye predicts 2016 private motor turnaround as Allianz UK profits slide
Allianz UK has seen a slight deterioration in its combined operating ratio and a £14.4m drop in profits for the third quarter of 2015 despite a 2.7% increase in gross written premiums over the past 12 months.
Masojada eyes further growth as group GWP rises 12.9%
Hiscox CEO Bronek Masojada has identified “plenty of opportunities for growth” off the back of a 12.9% increase in gross written premiums to £1.54bn for the first nine months of 2015 (9M 2014: £1.36bn).
Allianz Group posts 7.5% drop in Q3 operating profit year on year
Allianz Group has reported third quarter operating profits of €2.45bn (£1.75bn), a 7.5% decrease on last year's figure of €2.65bn.
Munich Re hit by €175m Tianjin loss
Munich Re said it expects a net exposure of €175m (£125m) for the explosion in the Chinese port of Tianjin.
Motor pricing driven by return to pre-Laspo environment, Lewis contends
RSA UK and Western Europe CEO Steve Lewis is not expecting to see a wholesale shift in the market landscape before year-end with a challenging motor pricing environment reflecting pre-Legal Aid, Sentencing and Punishment of Offenders Act 2012 trends.
Generali sees premium income climb to €54bn
Italian insurer Generali has reported a 5.1% increase in gross written premiums for the first nine months of 2015, taking the figure to €54bn (£38bn).
Profit plummets 48% at Zurich's UK business amid 'perfect storm'
Zurich UK general insurance CEO Vibhu Sharma has blamed “a perfect storm” of tough market conditions and greater the normal large losses for a plummeting business operating profit in the third quarter of 2015.
Lancashire sees GWP drop 20.8% in Q3
Lloyd's insurer Lancashire reported a 20.8% decrease in gross written premiums in the third quarter of 2015 to $120.4m (£78m) (Q3 2014: $152.1m).
Markel sees Q3 COR improve to 88%
Markel Corporation has reported a combined ratio of 88% for the third quarter of 2015, an improvement on the result of 97% in the third quarter of 2014.
Zurich a ‘distraction' for RSA in Q3
RSA group CEO Stephen Hester has called Zurich's "unsolicited approach" to RSA a distraction during the third quarter of 2015 in which RSA reported a 1% increase in core group underlying net written premiums.
AIG planning to axe 400 senior executives
AIG is planning to cut up to 400 senior staff in the US after posting a $231m (£149m) loss for the third quarter of 2015.
UK, Turkey and Malta spur Mapfre growth
Spanish insurer Mapfre has posted a 46% increase in insurance premium revenue across Europe for the first nine months of 2015.
Watson commends 'stable' profits despite nine-month drop
Ageas UK CEO Andy Watson told Post he is unconcerned by the firm's nine-month results published today (4 November), which included a 25% profit drop.
L&G GI premiums slide 11% in nine months
Legal & General has reported an 11% drop in general insurance gross premiums for the nine months ended 30 September 2015 to £251m (9M 2014: £282m).
Ageas UK sees profits fall to £46.9m
Ageas UK has reported a decrease in profits for the first nine months of 2015 - down to £46.9m from £63.2m in the same period last year.
JLT ‘in line with expectations' despite challenging market conditions
JLT has "continued to trade in line with expectations" for the period from the beginning of July to 2 November 2015, according to an interim management statement issued today (3 November).
Saulter enthused by potential of expanded class offering in 2016
Davies CEO Dan Saulter is excited the company can now offer clients a more extensive class offering after its entry into specialist motor claims in July.