Broker/Company results
Aon profits fall 4% at the half year to $503m
Aon has reported that total revenue for the six months ended 30 June 2012 grew 2% to $5.66bn (H1 2011: $5.57).
Brit CEO vows to target growth while committing to Simply Business
Mark Cloutier has promised to go on the attack by targeting growth in key areas following a business restructure towards global specialty underwriting, which he describes as "99% complete".
Brit unveils positive 11.5 point COR swing as business takes new direction
The Brit Group has this morning recorded a combined operating ratio of 93.3% for the first six months of 2012 (30 June 2011: 104.8%), having completed a restructure into becoming a focused global specialty underwriter.
JLT profit grows 11% as UK economy woes stall Thistle growth
Revenue at Jardine Lloyd Thompson Group grew 7% in the first six months of 2012 to £441.7m, including a 6.3% increase in revenue generated from organic growth, compared with the same period in 2011.
Beazley boss eyes further growth after 'strong' start to 2012
Beazley chief executive Andrew Horton is predicting further profitable growth in the second half of 2012, after this morning revealing a gross written premium rise of 10% on last year.
RSA flood losses hit £50m
RSA has been hit with an estimated net loss of £40m across its UK household, motor and commercial property books for June as a result of the wet weather.
Barbon reports £9.4m turnaround in fortunes with £471 000 loss in 2011
Barbon Insurance Group slipped into the red for the year ended 31 December 2011, according to results filed at Companies House, with a £471 000 overall loss for the financial year (2010: £8.9m).
Quindell boss outlines FTSE ambitions
Quindell chief executive and chairman Rob Terry has outlined his strategy to lead the business he founded nine years ago into into a FTSE-100 company through acquisitions and organic growth.
Quindell division delivers record licence pipeline results
The Quindell software and consulting division has finished the first half of 2012 with licence pipelines at record levels, following a Q2 in which multiple new insurance and telecoms contracts and extensions were sealed.
Go Compare annual profit rises 15%
Go Compare's pre-tax profit increased 15% year on year to £34.7m in 2011, while turnover rose to £108.9m (2010: £101.5m).
FXB: Groupama downgrade does not reflect UK profitability
Groupama Insurances chief executive François-Xavier Boisseau, pictured, has defended the strength of the "ring-fenced" UK business and claimed that "good progress" towards a sale is being made, after the group's security rating was downgraded.
NIG reports 103% combined ratio and £494m income in 2011
Annual results for NIG for 2011 have revealed that net earned premium revenue fell by £235.8m to £413.1m compared with 2010.
Prior investment leads to Q1 gains at BMS
BMS chief executive Carl Beardmore has attributed "successful investment" over the past two years to recent growth at the firm, underlined by a 28% rise in Q1 revenue on 2011.
Revenue rises 50% for newly listed Allanfield
Real estate broker Allanfield has reported a 50.7% rise in revenue to £2.28m (2010: £1.51m) in its first set of results since listing on the Alternative Investment Market in August.
Giles hails "peer-beating" 15% rise in 2011 operating earnings as IPO is rejected
Giles CEO Brendan McManus has categorically ruled out an initial public offering as the consolidator today reported a 15% increase in EBITDA to £24m (2010: £21m) on turnover of £81m (2010: £70m) for the full year to 31 August 2011.
Combined profit of 'going concern' Provident and sister MMA reaches £4.5m
MMA and Provident's final sets of individual annual results published before their anticipated merger reveals a combined pre-tax profit of £4.53m for the year ending 31 December 2011.
Towergate says Cobra withdrawal shows it is financially disciplined and 'boring'
Towergate boss Mark Hodges has said the broker's withdrawal from the race to buy rival Cobra is a sign of Towergate's financial discipline.
Broking holds back Towergate in Q1
Towergate Insurance's Q1 figures show that its broking business suffered as overall group income was up 2% to £105.5m (2011: £103.3m) and group operating earnings were up 9% to £34.3m (2011: £31.4m).
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).
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.
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%.
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.
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).
Crawford & Company posts 50% net income drop in Q1 results
Crawford & Company has recorded a 50% reduction in its first quarter net income, which stands at $6.1m (£3.8m) compared to $12.1m (£7.5m) for the same period last year.