Articles by Jonathan Swift
Brit 'schtum' on UK sale as profits and GWP drop in 2011
Brit Insurance has reported a profit before tax of £75.8m in 2011 (2010: £116.4m) on gross written premiums of £1.5bn (2010: £1.53bn).
Helphire extends banking agreement until 2014 as it slips into the red
Helphire has announced that it had reached an agreement with the group's bankers for the extension of the expiry date of the existing committed banking facilities from 31 December 2012 to 31 December 2014.
Moneysupermarket CEO predicts "another good year" after insurance revenue breaks £100m barrier
Moneysupermarket has reported a jump in click-based and other reveune from its insurance vertical in 2011.
IAG reports loss of $7m for H1 2012, as CEO hails improvement
Insurance Australia Group has reported that its UK arm made an underwriting loss of Au$7m for the six months to 31 December 2011.
Allianz UK operating profit improves as group net income impacted by Greek debt
Allianz has reported that its UK business logged gross written premiums as stated of €534m in 2011 (2010: €485m).
Former Aspen CFO to replace Culmer as RSA group finance boss
RSA has appointed Richard Houghton as its group chief financial officer.
Lancashire CEO Brindle "cautiously optimistic" for 2012 after $219m year end profit
Lancashire has reported an 8.2%, or $56.8m, drop in gross written premium to $632.3m in 2011.
Swiss Re P&C operating income halves despite $1.3bn reserve releases
Swiss Re has seen its property and casualty operating income almost halved in 2011 to US$1.28bn (US$2.47bn).
RSA UK back-in-black, but commercial hit by "drag" of three-year fleet deal
RSA has reported a 6% rise in UK premiums to £3.1bn in 2011 and an underwriting profit of £40m (2010: £95m loss).
RBSI reports £749m turnaround in profit in 2011, as it sheds 1.3m policies
Royal Bank of Scotland has reported an operating profit of £454m in 2011, compared with a loss of £295m in 2010. Its new underwriting profit was up from £307m to £1.04bn.
Suncorp reports commercial rates hike of 9.3% as reinsurance costs jump
Suncorp Group has reported net profit after tax of Au$389m (£263m) for the half year to 31 December 2011, up from Au$223m in the prior corresponding period.
Suncorp reports commercial rates hike of 9.3% as reinsurance costs jump
Suncorp Group has reported net profit after tax of Au$389m (£263m)for the half year to 31 December 2011, up from Au$223m in the prior corresponding period.
Claims Awards deadline two weeks and counting
Following another tough year for many, the second annual Claims Awards, hosted by Post Magazine's Claims Club, will provide a spectacular opportunity for the entire claims community to showcase and celebrate best practice, innovation and excellence in…
Axa UK CEO warns PM Cameron telematic rates are not a silver bullet for young drivers
The CEO of Axa UK & Ireland Paul Evans has warned PM David Cameron that telematics is not a silver bullet to sort out the issue of restrictive insurance prices for young drivers.
Cooper Gay UK MGA undergoes an MBO
Cooper Gay & Co has rebranded its MGA platform, Oliva, as Globe Underwriting as part of a decision to refocus on international business.
Zurich sees 19% drop in GI profits after US$1bn cat losses in 2011
Zurich recorded a general insurance business operating profit of US$2.3bn in 2011, a decrease of US$403m or by 15% in US dollar terms and 19% on a local currency basis.
Cooper Gay UK MGA undergoes an MBO
Cooper Gay & Co has rebranded its MGA platform, Oliva, as Globe Underwriting as part of a decision to refocus on international business.
Zurich sees 19% drop in GI profits after US$1bn cat losses in 2011
Zurich recorded a general insurance business operating profit of US$2.3bn in 2011, a decrease of US$403m or by 15% in US dollar terms and 19% on a local currency basis.
Axa UK returns to profit with 98.9% GI COR but still at a loss in motor
Axa returned to profit in 2011 reporting underlying earnings of £133m (2010: loss of £63m; restated to exclude the contribution from sold activities).
Plumeri "not satisfied" with Willis in Q4 as UK sees double digit drop
Willis has declared that it saw a double-digit decline in the Willis UK and Ireland retail business in the fourth quarter of 2011.
JLT merges Spanish arm with local giant
JLT is to combine its existing Spanish retail broking business JLT-SIACI Espana SL with the business of March - Unipsa Correduria de Seguros, SAU (Unipsa), the fourth largest commercial insurance broker in Spain and a subsidiary of Banca March, to form…
Houghton departure triggers new Aspen board search
Aspen has begun the search for a new chief financial officer to succeed Richard Houghton, who will be leaving the company effective 29 February to pursue other opportunities.
New year European windstorm damage estimated at €267m
Perils has today disclosed an initial loss estimate for windstorm Andrea, which occurred in Western Europe from 4-5 January 2012, of €267m.
Willis backs down on contingent commission stance to remain "fully competitive"
Willis has admitted it is to review its practices after revealing it will begin to accept contingent commissions from 1 April in its employee benefits arm.