Company results
Aon’s revenues grow 3% in 2013 Q2
Aon revealed revenues growth of 3% or $2.9bn for the three months that ended 30 June 2013.
Tucker: Solvency II is not an "ideal model" for Asia
As the Office of the Commissioner of Insurance in Hong Kong weighs up the implementation of a risk-based capital regime, Mark Tucker, the CEO of AIA, said today that Solvency II was not an "ideal model" for Asia.
Be Wiser grows turnover 24%, but profits slip
Andover broker Be Wiser has reported substantially boosted income in its figures for the year to 31 March.
Mapfre boosted by international growth as H1 profits climb 5%
Spanish insurance group Mapfre has seen growth in Latin American and other international territories bolster its pre-tax profits climb in spite of a contraction in its home market.
Mapfre grows pre-tax H1 profits 5%
Spanish insurance group Mapfre has seen its pre-tax profits climb in spite of a contraction in its home market.
Willis UK in single digit dip as group organic growth increases
Willis’ UK operation experienced a single digit decline in the second quarter, amid a backdrop of the group-wide organic commissions and fees growth of 6.3%.
SSP revenues in marginal decline amid 'sluggish market'
Technology firm SSP’s annual results reveal a fall in revenue to £70.7m (2012: £71.7m) for the 12 months ended 31 March 2010.
Travelers reports 91% increase in net income for Q2
US insurer Travelers today reported net income of $925m, or $2.41 per diluted share, for the quarter ended June 30, 2013, compared to $499m, or $1.26 per diluted share, in the prior year quarter.
Beazley improves COR as investment returns plummet
Beazley trimmed its combined operating ratio to 89% in the first half of the year (H1 2012: 91%), however the firm’s investment returns were hit by market losses in fixed income holdings.
Italian aggregators double policy sales in H1
Policies brokered by Italian aggregators in the first sixth months of 2013 were up 58% over the same period of 2012, according to research by CP Consulting.
Europe: Accordant accounting
The IASB has published its latest proposals for consistent accounting for insurance companies but the industry will have to act quickly to make its voice heard, David Foster says.
Independent Broking: Back to basics
With tough times facing the industry, insurers and brokers have to embrace their traditional roles to be successful
Insurers' investment income 'dropping quickly'
Low interest rates are hitting insurers hard as bonds mature, and regulators are not keeping up with the new investment environment, said Michael Morrissey, president and CEO of the International Insurance Society.
Transactor turnover increases 15%
Transactor Global Solutions reported a turnover in excess of £7.7m for the year from 1 April 2012 to 31 March 2013.
Biba bolstered by 2012 subs growth
The British Insurance Brokers Association has reported boosted turnover for the year ending 31 December 2012, with subscriptions climbing almost £200 000.
Indian insurance sector set for premium spike
Direct insurance premiums will climb 11% over the next four years according to Indian Chamber of Commerce president Rajiv Mundhra.
Gable combine ratio improves to 67.4%
Liechtenstein-based Gable's combined ratio improved to 67.4% in its full year results for the calendar year 2012, beating its restated 2011 figure of 78.8%.
Gable records 67.4% 2012 COR
Lichtenstein-based Gable has scythed its combined ratio to 67.4% in its full year results for the calendar year 2012, beating its’ restated 2011 figure of 78.8%.
Lonmar targeting new clients after doubling pre-tax profit
Lloyd’s broker Lonmar Global Risks boosted its pre-tax profit last year up to £3.62m from £1.68m in 2011.
Lloyd's 2012 progress serves to boost attractiveness, claims Aon report
Record levels of market capacity and spiralling pre-tax profits last year have boosted the attractiveness of Lloyd’s market, according to an update report by Aon Benfield Analytics’ market analysis team.
Swiss Re targets China, India and Brazil
Swiss Re is looking at acquisitions in China, India and Brazil to boost growth.
Oval boosts EBITDA by 15% in 2012
Oval has recorded a 15% rise from £15m to £17.3m in its EBITDA for the year ending 31 May.
Post Intelligence – company profile: Chubb
Produced by Post Intelligence in association with Brook Intelligence, this comprehensive company report studies Chubb’s strategy, operations and performance.
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