Zhong An is now the 13th top player in China’s property and casualty market. It has moved five places up the rankings since the end of 2017.
The Ardonagh Group has reported income growth of 9.1% as both income and profit climb in the first six months of 2018.
Ecclesiastical saw strong premium growth in the first half of 2018 but pre-tax profit took a 54% nose dive.
Overall, top-line growth for the 30 largest European insurers has been steady, reflecting the underlying economic conditions throughout Europe, explain Tim Prince and Yvette Essen, director of analytics and director of research at AM Best
When you head off to an outdoor festival following a heatwave, you cross your fingers and hope the sun sticks around. Unfortunately it seems like the recent tropical spate has done a runner and I spent last weekend trying not to roll down a hill while up…
Specialist motor insurer ERS has reported its highest first half profit performance in five years.
Admiral will begin running its European insurance operations from Spain from the beginning of 2019, having received approval earlier this year.
Zurich UK has seen operating profit rise 24% in H1, as a focus on commercial enabled the firm to avoid huge weather losses seen elsewhere.
Ageas UK returned to profit in H1, as strong motor gains offset losses in household.
The transfer of Allianz’s personal lines business to LV is expected to take at least 18 months, according to LV general insurance CEO Steve Treloar.
LV general insurance CEO hopes that the impact of the Beast from the East on insurers’ property portfolios will introduce a level of “pricing realism” into the market.
LV’s general insurance business saw profits more than halve in H1 owing to claims from the Beast from the East.
Brit’s pre-tax profit nose-dived 87.5% in the first six months of 2018 on the back of poor investment returns.
Aviva anticipates placing millions of pounds of personal lines business through Fast Trade by the end of the year, according to managing director of UK general insurance Rob Townend and managing director of intermediaries Phil Bayles.
Aviva sees growth across every broker segment despite fall out with GRP, Aviva managing director for intermediaries Phil Bayles has confirmed.
Axa UK and Ireland has seen personal lines revenue fall in its H1 results following the loss of the Marks & Spencer white label books to Aviva.
Despite weather claims that hit operating profit, Aviva’s UK general insurance arm has reported a combined operating ratio of 94.3% for the first half of 2018, a slight increase on 2017, when it was 93.2%.
RSA posted a 15% drop in group operating profit for the first six months of the year as British and Canadian weather losses dent the insurers’ results.
When Paul Geddes took over the role of CEO of Royal Bank of Scotland’s insurance business in July 2009, moving from the retail arm of the bank, and replacing Chris Sullivan, I cannot remember many getting too excited.
The motor insurance market has kept a ‘rational’ head amidst uncertain pricing and changing whiplash reform, Direct Line Group’s CEO Paul Geddes said.
Direct Line Group saw operating profit slide in the first half of 2018, as it was hit by weather-related claims.
Motor insurer Sabre is looking to add insurtech platforms to its distribution model.
Carriers in the London market must work together in consortiums to spread risk, combat rising expenses ratios and mitigate underwriting pressures, Hiscox chairman Robert Childs said.
Sabre will raise premium prices in the second half of the year, owing to increased market-wide claims inflation.