Company results
QBE Europe took £109m Ogden hit in 2017
QBE Europe’s 2017 combined operating ratio deteriorated to 99.6% as a result of a £109m impact from the Ogden discount rate.
Hiscox to grow retail business by 15% in 2018
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 .
Week in Post: Are further Swinton branch closures a sign of the times?
I have never bought insurance from a high-street broker. In fact, I know very few people my age who have.
Money Supermaket insurance segment up 12% at year end
Money Supermarket posted an increase in full-year profit bolstered by as revenue growth and a strong insurance segment.
RSA UK commercial book sees COR deteriorate to 108%
RSA UK saw its combined operating ratio for commercial operations deteriorate to 108.1% over the course of 2017.
Axa UK earnings fall in ‘volatile environment’
Axa UK and Ireland has seen its earnings fall by 7% as a result of a “volatile environment”.
Ageas UK eyes further restructuring to drive profit growth
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 shakes off Ogden impact to return to profit
Ageas UK has seen a return to profit after a year of being hammered by the residual impact of the Ogden rate change.
Interview: Mark Searles, AUB Group
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 Dye declines to comment on XL acquisition rumours
Allianz UK CEO Jon Dye has declined to comment on recent speculation that the group is looking to acquire XL.
Allianz UK operating profit climbs by 26% in 2017
Allianz UK saw operating profit rise 26% to £121.3m in 2017, up from £96.2m in the previous year.
Brit sees major losses of $250m
Brit saw its combined ratio rise to 112.4% last year following major loss claims of $250m (£177.8m).
TMK syndicates forecast 2017 loss
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.
Nat cats push Lancashire into loss at full year
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 reports GWP boost despite underwriting loss
Axis Capital's insurance segment saw fourth quarter gross written premiums increase 47%, bolstered by the group’s acquisition of London market carrier Novae.
Full year group income up 10% at Euler Hermes
Euler Hermes reported a 10% boost in group net income for the year ending 31 December 2016.
Direct Line anticipates profits surge at full year
Direct Line expects to report profits of approximately £610m for the year ended 31 December 2017, according to a trading statement.
This week in Post: Results, rumour and regulation
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 international GI unit sees $399m loss
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 hit with £151m loss from Ogden
Zurich UK suffered a £151m loss on its general insurance business as a result of the discount rate cut.
Beazley targets double digit growth for 2018
London market carrier Beazley is to target double digit growth over the next 12 months.
AA releases 2017 pre-close results
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.
Hurricanes put Zurich's P&C segment in the red
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.
Beazley sees profit fall from nat cats
Beazley saw profits fall by 43% as a result of exposure to “heavy claims” from natural catastrophes.