Company results
Uber boss Breakwell takes the wheel at AA
Former Uber boss Simon Breakwell has been appointed CEO of the AA, as the company announced flat H1 results.
Week in Post: Cancelled flights, closed doors and canned ads
My dad was one of 400,000 passengers affected this week by air traffic control delays, bad weather and a backlog in employee holidays for the delay, which lead to budget airline Ryanair cancelling 50 flights a day for the next six weeks.
Saga reports 5.5% rise in first-half underlying profit
Over-50s travel and insurance company Saga reported a 5.5% rise in first-half pre-tax profit, driven by strong demand for holidays among older Britons.
Ardonagh to take aim at ‘dollar economy’, says Ross
The Ardonagh Group can go “anywhere it wants” as it sets its sight on expansion into the US market, the company’s CEO has said
Co-op Insurance sees £15.5m pre-tax operating loss in H1 2017
Co-op Insurance saw sales drop 21% in H1 2017, reporting an operating loss before tax of £15.5m compared with a loss of £8.6m for the same period in 2016.
Ardonagh adjusted Ebitda up 21.3% in first earnings report
The Ardonagh Group posted adjusted Ebitda of £57.6m in the first six months of 2017, a 21.3% rise year-on-year.
Swinton reports a drop in pre-tax profit during 2016 financial year following 'strategic' transformation
Swinton has reported pre-tax profit of £11.5m in the financial year ending 31st December 2016, down from £15.9m in the same period last year.
Ogden decision may not curb reinsurance rate rises, says LV's Treloar
The government’s Ogden decision may not curb expected reinsurance pricing rises, LV general insurance managing director Steve Treloar has said.
LV reports £49m GI operating profit during H1 2017
LV has reported a strong growth in its general insurance operating profit which went up to £49m in the first half of 2017, compared to £22m in the same period last year.
Top 30 European Insurers 2017 Ranking: A mixed year for insurers
Market conditions for European insurers are extremely challenging, with companies facing a wide range of difficulties. Some have had to restructure their books of business because of poor results in the past, although their ability to turn around…
Strike Club's Monaco operations moved to London
The Strike Club has closed its Monaco office after finding “sizable efficiencies” in moving its operations to London.
Charles Taylor sees profits tumble in H1
Charles Taylor saw pre-tax profits fall by 41% as a result of losses following the acquisition of Cega by the group last year.
Helvetia posts 8% boost in profits for H1
Swiss insurance group Helvetia increased its profits by 8% to SFr 258m (£208m) in the first half of 2017.
R&Q profits up by 345% in H1
Randall & Quilter has seen a 345% increase in pre-tax profit in H1 over the same period last year.
Global Reinsurers feel the pressure in H1
Global reinsurers continue to feel the pinch of sustained pricing and earning pressure at the half year results, according to Fitch Ratings.
Ecclesiastical reports hike in pre-tax profit to £42.2m in H1
Ecclesiastical has reported an increase in pre-tax profit to £42.2m during the first half of this year compared to £15.2m last year.
Updated: Zurich looks to cut headcount in HQ reshuffle
Zurich Insurance could cut the headcount in its Swiss corporate centre as part of a process to streamline the finance department.
Vienna Insurance Group reports pre-tax profit of €220.5m in H1
Vienna Insurance Group has reported a 9.6% rise in its pre-tax profit to €220.5m (£202.0m) during the first half of 2017 compared to €201.3 (£184.42m) in the same period last year.
IGI Holdings reports improvement in COR despite 'challenging market'
Dubai registered International General Insurance Holdings Limited has reported an improvement in its combined operating ratio from 89.8% in H1 2016 to 81.9% during H1 of this year.
Elite Insurance falls £9.7m short of SCR
Gibraltar-based insurer, Elite Insurance has fallen £9.7m short on its solvency capital requirement in the year to 31 March 2017, despite a sizeable strengthening in its reserves.
Ageas UK injects £24m into Retail business after Kwik Fit loss
Ageas UK has been forced to inject £24m into its Retail broking division to patch up an £18m dent left in the unit’s finances following the closure of Kwik Fit Insurance services.
HDI Global eyes up international expansion as premiums top £2.5bn in H1
German commercial insurer HDI Global has reported gross written premiums of €2.8bn (£2.5bn) as the business continued to grow in the first half of 2017.
Week in Post: Last of the summer wine
This week we’ve seen some major acquisitions in the summer lull between the tail-end of results season, and everyone heading off to their holidays in Spain.
Admiral CEO’s charity sells £4.57m shares following H1 results
Exclusive: A charity linked to Admiral CEO David Stevens has sold £4.57m in shares in the company.