Company results
Beazley sees profit fall from nat cats
Beazley saw profits fall by 43% as a result of exposure to “heavy claims” from natural catastrophes.
XL Catlin sees profits fall $1.4bn from nat cats
XL Catlin has reported a 58.7% increase in its loss in underwriting profit of across its property and casualty business during Q4 2017 compared to 58% in the same period during the previous year.
Marsh and McLennan see revenue up 6% at full year
Marsh and McLennan Companies has reported a 6% boost in full year revenue.
Pre-tax profits jump 40% at Aston Scott Group
Aston Scott Group saw a 40% increase in pre-tax profit to £1.9m to the year ending 30 June 2017.
Chubb sees income drop in Q4 despite US tax reform gains
Chubb reported net income for the fourth quarter ended December 31, 2017 of $1.53bn, a drop from the $1.61bn reported for the same quarter last year.
Romero Group sees 14% Ebitda growth for 2016/17
Leeds-based Romero Group saw adjusted Ebitda increase 14% to £2.7m in the year to 30 April 2017.
Gallagher's "M&A pipeline is full" after 2017 growth
International broking giant Arthur J Gallagher will continue to acquire in 2018.
Watchstone sets £50.1m aside for S&G lawsuit
Watchstone has set aside £50.1m in preparation for a High Court claim issued against it by Slater and Gordon.
Aspen takes $245m underwriting loss in Q4
Aspen expects to post a $245m underwriting loss in the fourth quarter of 2017.
Analysis: Soft reinsurance renewals dash hard market hopes
After five consecutive years of falling rates, global property-catastrophe reinsurance experienced upward pricing pressure at 1 January renewals.
Quindell auditor slapped with £700,000 fine
The company responsible for auditing Quindell has been fined £700,000 for failing to “exercise sufficient professional scepticism”.
Asia-Pacific COR is "completely unacceptable", says QBE's Regan
Australian insurance giant QBE is looking to turnaround its Asia-Pacific operations after announcing expected 115% COR in 2017.
QBE to miss 2017 COR target and fall to loss after "challenging year"
Australian giant QBE is expecting a combined operating ratio of 104% and $1.2bn (£858m) loss for 2017's financial year.
Axis faces $130m nat cat loss in fourth quarter
Axis Capital estimates it will take a $130m hit as a result of fourth quarter catastrophe and weather-related losses.
Beazley predicts to beat analysts on 2017 earnings
Lloyd’s carrier Beazley said it expects to post a pre-tax profit for 2017, ahead of market expectations and in despite of hefty nat cat bills in the fourth quarter.
Hyperion targets emerging markets and Lat Am with $300m in reserve
Hyperion Group is entering 2018 with a $300m (£223m) war chest to play with, the group’s chief financial officer has said.
Hyperion’s revenue up 20% at full year
Hyperion Group posted a 20% jump in revenue for the year ended 30 September 2017.
Exceptional items put UK General in the red in 2016/17
UK General made an operating loss of £714,879 for the year ending 31 March 2017, compared to a profit of £8.7m in the previous year.
SSP outage cost firm £289,000
The outage to SSP servers that affected more than 300 brokers cost the software firm £289,000, according to company results.
Cobra sees profits rise 33%
Cobra has seen Ebitda rise 33% to £1.44m from £1.08m.
Nat cat impact softened by strong commercial performance for Skuld
Skuld saw a 68.7% improvement to its bottom line result in the first nine months of the year to $27m (£20.1m), with the contingency reserve standing at $421m.
GRP posts £150m GWP boost for 2017
Specialist insurance consolidator Global Risk Partners has seen gross written premiums rise £150m over the course of 2017.
Aviva is targeting higher growth and preparing for bolt-on acquisitions
Aviva is upgrading its targets for earnings growth, cash and dividend in order to make bolt-on acquisitions and pay off debt.
Carole Nash was ‘target consumer brand’ for Ardonagh, says Ross
Motorcycle broker Carole Nash was a longstanding acquisition target for Ardonagh, the group's CEO said