Company results
Quindell outlines plans for full listing following year of soaring profits
Quindell recorded a 202% increase in profit before tax totalling £107m last year (2012: £35.4m) as the outsourcing provider plans to launch a full listing by the beginning of June.
Helios boosts syndicate profit forecasts
Helios Underwriting has increased forecasts for syndicate profits for 2011 and 2012, adding an additional £300 000 of profits to the mid-point of forecasts.
Lloyd’s forecasting tough 2014
A combination of high catastrophe claims and weak investment income has led Lloyd’s to forecast a challenging 2014 for the market in spite of today announcing a £3.2bn profit.
Ecclesiastical swings to UK underwriting profit as group losses shrink
Specialist insurer Ecclesiastical has seen its UK insurance business return to profit in 2013, moving from a loss of £12.3m to £9.8m profit, while group underwriting losses have also narrowed.
Lloyd’s profits up 14% following record GWP
Lloyd’s has recorded profits of £3.2bn for 2013, up 14% on a previous year equivalent of £2.8bn in 2012, after reaching a new record high of gross written premiums.
AIG UK trims COR to 84% as underwriting profit soars
AIG Europe chief executive Nicolas Aubert has heralded the “continued development” of the group’s UK business after it shaved 19 percentage points off its combined operating ratio to 84% last year.
Coface CEO eyes imminent IPO following 'good' 2013 results
Coface chief executive Jeam-Marc Pillu has turned his attention to launching an initial public offering in the first half of the year after achieving “strong” commercial growth in 2013.
DLG's Geddes nets £2.4m total remuneration
Direct Line Group chief executive Paul Geddes saw a 27% increase in the value of his pay package in 2013.
Canopius reports record £99m post-tax profit
Canopius has reported a 25% increase in gross written premiums and an improved combined ratio as it ended its 10th year of operation.
Charles Taylor pre-tax profits inch up after adjusting growth
Charles Taylor has seen its full year figures climb after its adjusting business saw operating profits jump by more than 75%.
Singapore's GI business worth S3.5bn in 2013
Total general insurance gross written premiums in Singapore were S$3.5bn ($2.77bn) last year up 5.4% over 2012 according to the General Insurance Association of Singapore.
Hong Kong's premiums rose 14% in 2013
Total gross premiums of the Hong Kong insurance industry in 2013 were HK$290.7bn ($37.4bn), an increase of 13.9% over 2012 according to provisional statistics from the Office of the Commissioner of Insurance.
NFU Mutual doubles underwriting profits for 2013
NFU Mutual has reported underwriting profits have more than doubled for 2013, with returns climbing to £120m.
Ping An's profit climbs 40%
Chinese insurance and banking group Ping An's profits climbed 40% last year.
Generali posts 5.3% rise in operating result despite falling P&C premiums
Generali’s operating result rose by 5.3% to more than €4.2bn for 2013, driven by improved operating results in life and property and casualty.
Quindell notches £480m of new business for Q1
Quindell Group has exceeded internal targets for growth in Q1, recording £480m worth of new business in the first three months of the year.
Beazley Syndicate 623 reports $18.6m total gains increase
Beazley Syndicate 623 reported an $18.6m (£11.1m) increase in its total gains for 2013, rising to $61.4m from $42.8m in 2012.
Esure’s results 'resilient' given challenging UK motor market says analyst
Berenberg has called Esure’s 2013 earnings “resilient” while reducing its 2014 premium growth forecast for the insurer by 3%.
Aviva heralded by analysts but fears remain over long-term performance
Insurer’s full-year results reveal reversal of 2012 £2.93bn loss with £2.15bn profit.
Allianz's Asia-Pacific arm hit by stronger euro
Allianz's insurance unit across 14 countries in Asia-Pacific saw revenues and profits fall as the euro appreciated against Asian currencies.
Helvetia posts 9.2% increase in profit after tax
Swiss insurer Helvetia Group increased its profit after tax by 9.2% to CHF 363.8m in the 2013 financial year.
Ascot profits down 14% for 2013
AIG-backed Ascot Underwriting has announced profits down 14% for 2013.
Aviva internal debt plans hailed by analysts
Aviva’s agreement to reduce the balance of an internal loan to £2.2bn by the end of 2015 has won the approval of analysts, who describe the move as “hugely significant”.
Aviva reverses loss with £2.15bn profit but UK profit falls
Aviva delivered a post-tax profit of £2.15bn for 2013, reversing the loss of £2.93bn recorded in 2012.