Direct Line has signed a deal with Volkswagen to provide insurance cover to its brands at a time when the motor market is going through “unprecedented change”, the insures CEO has said.
QBE Europe’s 2017 combined operating ratio deteriorated to 99.6% as a result of a £109m impact from the Ogden discount rate.
Exclusive: Hiscox is looking to grow its retail arm between 5% and 15% over 2018 Hiscox is looking to grow its retail arm between 5% and 15% in 2018 as the group's profits slumped by over £300m due to natural catastrophe losses .
I have never bought insurance from a high-street broker. In fact, I know very few people my age who have.
Money Supermarket posted an increase in full-year profit bolstered by as revenue growth and a strong insurance segment.
RSA UK saw its combined operating ratio for commercial operations deteriorate to 108.1% over the course of 2017.
Axa UK and Ireland has seen its earnings fall by 7% as a result of a “volatile environment”.
Ageas will continue to restructure its business even as the company is set to return to an underwriting profit for the remainder of the year.
Ageas UK has seen a return to profit after a year of being hammered by the residual impact of the Ogden rate change.
Since packing up his life in London and flying half way across the world to Australia, Mark Searles, CEO of AUB Group, has transformed a broker into the leading equity-based broking, risk management, advice and solutions provider in Australasia.
Allianz UK CEO Jon Dye has declined to comment on recent speculation that the group is looking to acquire XL.
Allianz UK saw operating profit rise 26% to £121.3m in 2017, up from £96.2m in the previous year.
Brit saw its combined ratio rise to 112.4% last year following major loss claims of $250m (£177.8m).
Tokio Marine Kiln expects its Lloyd’s syndicates to post a loss for the 2017 year of accounts as a result of fourth quarter catastrophe losses.
Lloyd’s insurer Lancashire reported a net loss of $71.1m (£50.5m) for 2017 as fourth quarter natural catastrophes took their toll on its bottom line.
Axis Capital's insurance segment saw fourth quarter gross written premiums increase 47%, bolstered by the group’s acquisition of London market carrier Novae.
Euler Hermes reported a 10% boost in group net income for the year ending 31 December 2016.
Direct Line expects to report profits of approximately £610m for the year ended 31 December 2017, according to a trading statement.
This week the results season well and truly got underway with big names in the UK’s insurance sector reporting back to market on how they fared over 2017.
AIG’s international general insurance business was hit by $399m (£286.5m) losses in in the last quarter of 2017, nevertheless an improvement on the $441m loss it suffered in Q3 2016.
Zurich UK suffered a £151m loss on its general insurance business as a result of the discount rate cut.
London market carrier Beazley is to target double digit growth over the next 12 months.
AA Insurance Services expects to deliver Ebitda of between £390m and £395m for the financial year ended 31 January, the company said in a market update.
Nat cats pushed Zurich’s property & casualty segment into the red last year, as hurricanes Harvey Irma and Maria saw the insurer report a 100.9% combined operating ratio for P&C.