Company results
Quindell auditor slapped with £700,000 fine
The company responsible for auditing Quindell has been fined £700,000 for failing to “exercise sufficient professional scepticism”.
Asia-Pacific COR is "completely unacceptable", says QBE's Regan
Australian insurance giant QBE is looking to turnaround its Asia-Pacific operations after announcing expected 115% COR in 2017.
QBE to miss 2017 COR target and fall to loss after "challenging year"
Australian giant QBE is expecting a combined operating ratio of 104% and $1.2bn (£858m) loss for 2017's financial year.
Axis faces $130m nat cat loss in fourth quarter
Axis Capital estimates it will take a $130m hit as a result of fourth quarter catastrophe and weather-related losses.
Beazley predicts to beat analysts on 2017 earnings
Lloyd’s carrier Beazley said it expects to post a pre-tax profit for 2017, ahead of market expectations and in despite of hefty nat cat bills in the fourth quarter.
Hyperion targets emerging markets and Lat Am with $300m in reserve
Hyperion Group is entering 2018 with a $300m (£223m) war chest to play with, the group’s chief financial officer has said.
Hyperion’s revenue up 20% at full year
Hyperion Group posted a 20% jump in revenue for the year ended 30 September 2017.
Exceptional items put UK General in the red in 2016/17
UK General made an operating loss of £714,879 for the year ending 31 March 2017, compared to a profit of £8.7m in the previous year.
SSP outage cost firm £289,000
The outage to SSP servers that affected more than 300 brokers cost the software firm £289,000, according to company results.
Cobra sees profits rise 33%
Cobra has seen Ebitda rise 33% to £1.44m from £1.08m.
Nat cat impact softened by strong commercial performance for Skuld
Skuld saw a 68.7% improvement to its bottom line result in the first nine months of the year to $27m (£20.1m), with the contingency reserve standing at $421m.
GRP posts £150m GWP boost for 2017
Specialist insurance consolidator Global Risk Partners has seen gross written premiums rise £150m over the course of 2017.
Aviva is targeting higher growth and preparing for bolt-on acquisitions
Aviva is upgrading its targets for earnings growth, cash and dividend in order to make bolt-on acquisitions and pay off debt.
Carole Nash was ‘target consumer brand’ for Ardonagh, says Ross
Motorcycle broker Carole Nash was a longstanding acquisition target for Ardonagh, the group's CEO said
Ardonagh adjusted Ebitda up 19.7% in Q3
The Ardonagh Group posted adjusted Ebitda of £ 79.1m in the first nine months of 2017, a 19.7% rise year-on-year.
Axa commits €200m a year to innovation; will reduce head office costs by 25%
Speaking at an investor day Axa group CEO Thomas Burberl is looking to innovate to accumulate.
Zurich expects commercial rates to increase
Global insurer Zurich is expecting rates to increase for commercial lines helping the firm meet its financial objectives.
Nagico counts cost of hurricane season
Caribbean insurer Nagico said its gross loss from two devastating Carribean hurricanes is around $550m (£419m) but said the losses were "within" its reinsurance program.
Allianz UK faces £63m Q3 blow from losses and Ogden
Allianz UK faced a combined £63m hit in the first nine months of the year from a series of large losses and the residual impact of the Ogden rate revision.
Allianz hit by €529m Q3 nat cat bill
Allianz has been hit with €529m (£468.1m) in losses from natural catastrophes, the company reported in its Q3 results.
Generali Q3 profits tumble 9.9% on Dutch sale loss
Generali posted a 9.9% drop in nine-month profits due to a loss on the sale of its Dutch business
Zurich sees P&C decline in EMEA
Zurich’s non-life premiums fell by 7% in EMEA over the past year.
Munich Re posts €1.4bn Q3 loss as nat cats weigh on results
Munich Re has posted a €1.4bn (£1.2bn) loss for the third quarter as the impact of natural catastrophes in the US and Caribbean take their toll on results.
Esure reports strong growth despite drop in home policies
Esure has seen a 25.4% increase in gross written premiums over the past year, rising to £625.8m from £499m in Q3 2016.