Company results
Deutsche Bank analyst admits surprise at Aviva UK GI slowdown
Equity analyst Deutsche Bank has admitted surprise at Aviva's UK result this morning.
Amlin CEO says three quarters of business has seen rate rises in Q1 2012
Amlin reported this morning that the group's gross written premium for the four months ended 30 April 2012 was up 10.5% at £1.4bn (30 April 2011: £1.3bn). At constant rates of exchange, written premium increased by 11.6% (30 April 2011: £1.29bn).
Aviva admits CEO hunt will take rest of 2012
Aviva has said that it will not be in a position to name a new CEO until the end of the year, and hinted that business exits are inevitable as the company undertakes a widescale strategic review.
Canopius target Omega blames Bermuda non-renewals for GWP drop in Q1 2012
Omega Insurance Holdings has reported that group gross written premium in the first three months of 2012 totalled $120.6m (Q1 2011: $129.4m).
NFU Mutual reports first underwriting profit since 2006 but hit by investment losses
Rural and agricultural insurance specialist NFU mutual has reported its first underwriting profit for five years in its 2011 reports and accounts.
Administrators sell Hemel Hempstead broker Castle Personal to Taylor Francis
Castle Personal Insurance Brokers has gone into administration and its assets have been sold to Buckinghamshire-based broker and agent Taylor Francis.
Allianz posts 57.9% increase in net income for Q1
Allianz recorded strong performance in the first three months of 2012, with quarterly revenues, operating profit and net income all exceeding first-quarter 2011 levels.
Charles Taylor cuts net debt to £32.6m in Q1
Insurance services provider Charles Taylor Consulting reduced its net debt from £34m to £32.6m in the first quarter.
Allianz posts second highest Q1 revenue in its history
Insurer has reported a record revenue of €30.1bn in Q1 with UK gross written premiums of almost €600m.
Charles Taylor cuts net debt in Q1
Charles Taylor Consulting reduced its net debt by £1.4m to £32.6m in the first quarter from £34m at 31 December 2011.
Top 10 news stories
The top 10 most popular articles published on insuranceinsight.com over the past seven days.
Sabre's profits fall as claims rise 55%
Motor insurer Sabre has filed accounts showing gross written premiums for 2011 up more than 8% to £170.1m. (2010: 156.9m) but profit fell.
Ageas' Tesco Underwriting posts £7m profit after Q1 loss last year
Tesco Underwriting, Ageas' household and motor partnership with Tesco Bank, generated a pre-tax profit of £7m in the first quarter compared with a loss of £4m last year.
Generali records 6.1% GWP growth
Italy-based insurer Generali's gross written premiums grew 6.1% to €19.8bn in the first quarter, with business outside Italy accounting for 75.2% of the total.
Catlin posts Q1 GWP of $1.6bn
Catlin Group reported a 12% increase in gross written premiums to $1.6bn in the first quarter.
Axa UK and Ireland GWP grows 9%
Axa has reported that its UK and Ireland general insurance business saw gross written premium rise 9% to €996m (£800m) (2011: €916m).
Catlin GWP up 12% as rates rise across portfolio
Catlin has announced a 12% rise in gross written premium in the first quarter to $1,642m (Q1 2011: $1,465m).
Markel CEO points to acquistion activity in Q1 results report
Markel bosses are celebrating an "all time high" on the firm's book values per share following a first quarter which produced a combined ratio improvement of 12% on Q1 2011 to 100%.
July reinsurance rate increases likely to be muted
Price increases in the July reinsurance renewal period are likely to be restricted to loss-affected sectors unless there is a further significant insured loss for the industry, according to Fitch.
Beazley Q1 position a cause for optimism, claims analyst
Beazley has this morning reported Q1 gross written premium of $465m (£288.8m), representing a 9% rise on the same period last year.
Munich Re returns to first-quarter profit
Munich Re achieved a consolidated profit of €782m in the first quarter of 2012, compared with a loss of €948m in the same period a year ago.
Zurich UK GI lags behind group with COR of 101.3% and underwriting loss
Zurich's UK arm has reported a business operating profit of $32m for the first quarter of 2012 (Q1 2011: $40m).
Weightmans grows by a third on mergers
National law firm Weightmans has reported turnover up by a third (£19.1m) to £77.1m for the 2011/2012 financial year (2010/11: £58m).
Allianz 'on track' for 2012 target after €2.3bn profit in Q1
Allianz Group achieved revenues of over €30bn in the first quarter of 2012, compared to €29.9bn in the first quarter of 2011, according to preliminary figures.