Company results
Ageas keen to developKwik Fit's niche brands
Ageas UK chief executive Barry Smith has pledged to retain and expand Kwik Fit Insurance Services' niche operations as it seeks to widen the group's overall product footprint.
LV boss pledges growth to £1bn by 2015
LV direct managing director Selwyn Fernandes has pledged to grow the business's gross written premium to £1bn by 2015, despite the competition generated by the aggregators.
Omega buys additional reinsurance as losses mount
Omega Insurance has admitted it purchased additional reinsurance in quarter three to further reduce its catastrophe exposures.
CTC: 2010 earnings likely to be at the lower end of expectations
In an interim management statement covering the period between 1 July 2010 to 16 November 2010, Charles Taylor Consulting today said business activity has been broadly in line with the expectations contained in its half yearly report.
Sagicor income falls to $33.4 m
Sagicor has recorded a drop in net income in the first nine months of the year to $33.4 m (£20.75 m) compared to $64.0 m in the same period in 2009.
Reinsurance aids Beazley's "modest" GWP growth
Beazley has reported that its gross written premium increased by two per cent to $1.35 bn (£840.7 m) in the first nine months of 2010 compared to the same period in 2009 (2009: $1.33 bn).
Amlin posts 39% GWP surge
Specialist insurer and reinsurer Amlin has recorded a 39% increase in gross written premium for the 10 months ended 31 October despite a “mixed” trading environment.
Non-London business now accounts for 43% of Catlin's GWP at Q3
Catlin this morning reported that gross premiums written were up nine per cent to $3.28 bn for the nine months to the 30 September.
Allianz CEO "pessimistic" about commercial premium outlook
Allianz has reported gross written premiums up 4.1% in the third quarter of 2010 compared to the same period a year before.
"Murky" bond environment restricts Allianz result
Allianz’s strong headline third quarter earnings were overshadowed by yet another quarter of explaining one-off expenses, according to equity research firm Jefferies.
"Murky" bond environment restricts Allianz result
Allianz’s strong headline third quarter earnings were overshadowed by yet another quarter of explaining one-off expenses, according to equity research firm Jefferies.
Aegon "on track" with plans for reinsurance arm, claims CEO
Dutch insurance giant Aegon this morning reported that underlying earnings before tax increased by 21% year-on-year to €473 m in the third quarter of 2010.
Aegon "on track" with plans for reinsurance arm, claims CEO
Dutch insurance giant Aegon this morning reported that underlying earnings before tax increased by 21% year-on-year to €473 m in the third quarter of 2010.
RBSI leaves door open for further reserving
Royal Bank of Scotland Insurance has not ruled out the need for further personal injury claims reserving after setting aside another £100m during the third quarter of the year.
Interview - Ray Cox: True Brit
Brit may have taken its time in naming a new UK CEO, but now Ray Cox is in place he tells Jonathan Swift he is eager to build on his forerunner's legacy.
Hannover Re CEO raises profit forecast in Q3 results
Hannover Re this morning said gross written premium in total business grew by an appreciable 11.5% as at 30 September 2010 to reach Euro 8.6bn.
Hannover Re CEO raises profit forecast in Q3 results
Hannover Re this morning said gross written premium in total business grew by an appreciable 11.5% as at 30 September 2010 to reach Euro 8.6bn.
Novae acclaims move to short tail classes in Q3 results
Lloyd's insurance group Novae has reported gross written premium for the first nine months of 2010 to £473.3m, up 54% (Q3 2009: £308.2m).
Novae acclaims move to short tail classes in Q3 results
Lloyd's insurance group Novae has reported gross written premium for the first nine months of 2010 to £473.3m, up 54% (Q3 2009: £308.2m).
DWF insurance division posts 12% growth
The insurance arm of law firm DWF has announced a 12% increase in fee income for the first half of the financial year.
Allianz UK GI profit halves to £42m in Q3 2010
Allianz this morning reported that in the UK gross premiums were up at €463 m (£400 m) in the third quarter of 2010 (Q3 2009: €427 m).
Allianz UK GI profit halves to £42m in Q3 2010
Allianz this morning reported that in the UK gross premiums were up at €463 m (£400 m) in the third quarter of 2010 (Q3 2009: €427 m).
MMC reports Risk and Insurance Services operating income up 12% in Q3 to $142m
Marsh & McLennan Companies' risk and insurance services segment revenue in the third quarter of 2010 was $1.3 bn, an increase of 8 percent from the third quarter of 2009.
MMC reports Risk and Insurance Services operating income up 12% in Q3 to $142m
Marsh & McLennan Companies' risk and insurance services segment revenue in the third quarter of 2010 was $1.3 bn, an increase of 8 percent from the third quarter of 2009.