Company results
Jelf has big plans for personal lines in 2011
Jelf chief executive Alex Alway is targeting "aggressive organic growth" after its 2010 annual results revealed that the firm had reduced its debt and turned a 2009 loss into profit.
Hannover Re "satisfied" with reinsurance renewals
Hannover Re has said it is “satisfied” with the outcome of the 1 January treaty renewals in non-life reinsurance.
Mapfre revenue tops €20bn
Spanish insurer Mapfre has announced revenue on €20.4bn for 2010 (£17.3bn) – an increase of more than 8% on 2009.
UK brokers call for FSA talks – Insurance News Now – 2 February 2011
Post reporter Amy Ellis outlines this week’s major general insurance stories, including how some UK brokers are calling for a meeting with the FSA to discuss concerns over the increasing level of intervention in compliance issues by the regulator.
Alleanza Toro assigned 'AA' financial strength and counterparty credit ratings
Standard & Poor's Ratings Services has assigned its 'AA-' long-term counterparty credit and insurer financial strength ratings to Alleanza Toro SpA, an operating company of Italy-based insurance group Generali. The outlook is stable.
Jelf reports 21% increase in earnings
Jelf has reported a 21% increase in EBITDAE in its 2010 full-year results to £9.8m (2009: £8.1m) while revenue was stable at £70.4m (2009: £70.3m).
News analysis - Aviva shake-up: Mayer's return to Europe
With Igal Mayer set to spearhead Aviva's European plans, Daniel Dunkley asks the market its opinion on the appointment of this divisive figure and how he is likely to fit in with the firm's strategy.
Abbey Legal: 2010 results in line with expectations
Abbey Protection, the specialist supplier of legal and professional fees insurance and services today said that its results for the year ended 31 December 2010 are in line with market expectations.
Analysts postive on Aviva and RSA following market updates
Analyst Jeffries has issued two positive notes on insurers Aviva and RSA this morning in the wake of the announcements made yesterday.
RSA expects 2010 profit to be at least £600m despite 2.4pt COR weather hit
RSA expects to show net written premium growth of 11% to £7.46bn, a COR of between 96.5% and 97.0% and an operating profit of between £600m and £630m in its 2010 full year results.
Interview - Sarah Lyons: What next for Giles?
Having joined the industry as a school leaver, Sarah Lyons is now group MD of Giles. She explains to Mairi MacDonald why growth, rather than exit plans, remains top of her agenda.
Cobra announces 14% profit boost
Insurance broker Cobra has revealed a pre-tax profit increase of 14.1% for the six months to 30 September 2010
Giles CEO hails "industry leading margin" as earnings fall 13%
The Giles Group has reported that its turnover and EBITDA (excluding non recurring items) both decreased for the year ended 31 August 2010.
Fitch affirms Lloyd's A+ rating despite pressures
Fitch has today affirmed Lloyd's of London's Insurer Financial Strength rating at 'A+'.
Broker CBG warns 2010 profits "significantly" below expectations
CBG Group has warned its 2010 profit before tax is expected to be significantly below current expectations.
P&I faces challenging market in 2011, Willis warns
While investment income in the Protection and Indemnity (P&I) insurance market bounced back to $680m in 2009/10 from a $840m loss in 2008/09, record claims levels, and a continuing gap in the performance of individual P&I Clubs could present challenges…
P&I faces challenging market in 2011, Willis warns
While investment income in the Protection and Indemnity (P&I) insurance market bounced back to $680m in 2009/10 from a $840m loss in 2008/09, record claims levels, and a continuing gap in the performance of individual P&I Clubs could present challenges…
A-Plan to continue branch investment after profit rise
Private-equity-backed high street broker A-Plan Holdings has insisted it will continue to invest in opening new branches where suitable opportunities exist.
Oval records pre-tax loss of £3.5m in 2010 results
In the financial year ending 31 May 2010, broker Oval today revealed its revenue reduced by 8% from £104.6m in 2009 to £96.0m in 2010.
Lloyd's broker RFIB's pre-tax profit falls 32% to £3.2m
Lloyd's broker RFIB Holdings has revealed its turnover (which includes fiduciary interest as well as brokerage) grew 13% from £38.3m to £43.5m for the year ended 30 June 2010.
CEO Hodson agrees to stay on three more years at Oval
Oval chief executive Phillip Hodson has revealed the broker's immediate priority is "getting the business in the best possible shape" rather than seeking an IPO or trade sale.
Autonet eyes expansion with own aggregator launch
Broker Autonet Insurance has partnered with Money Supermarket to launch a new online van insurance aggregator.
Coface returns to positive growth
Coface has reported a return to positive growth in turnover over nine months at +1.9% at current structure, and at +0.6% at constant structure and exchange rates.
Coface returns to positive growth
Coface has reported a return to positive growth in turnover over nine months at +1.9% at current structure, and at +0.6% at constant structure and exchange rates.