Company results
Berenberg retains its 'sell' recommendation on Esure following results
Berenberg analysts have retained their “sell” recommendation on Esure following the insurer’s H1 results.
Hastings Group remains focused on competitive pricing as GWP grows 28%
Hastings Group's half year results, released today, revealed gowth in profit, gross written premiums and policies.
Zurich UK sees hike in profits despite strong stance on new business
Zurich UK has seen business operating profit and combined operating ratio significantly improve in the first half of 2016, despite an 8.1% drop in gross written premiums.
Zurich has steady first half as Greco restructures
Global general insurance profits and gross written premiums at global giant Zurich were stable in the first half of 2016 compared with the same period last year.
Ageas sees GWP growth despite weather claims hitting profits
Ageas has seen its consolidated UK combined operating ratio rise to 100.1% for the first half of 2016 as a result of flash floods and storms in June.
Legal & General reports drop in GI pre-tax profit to £46m
Legal & General has reported general insurance profit before tax reduced to £46m as a result of interest rates cuts.
Willis Towers Watson report strong first half results following merger
Willis Towers Watson group has seen a 9.5% increase in total revenues for the first half of 2016, with $4.2bn (£3.24bn) total revenues earned, up from $3.8bn (£2.93bn) from the same period last year.
Natural catastrophes hit Munich Re's first half profits; CEO warns on Brexit
Reinsurer on track despite Munich Re's 24.4% first half operating profit fall to €1.4bn (£1.2bn) compared with €1.9bn in H1 2015.
Allianz pushes for £3bn GWP despite half year setbacks
Despite having a 3.6% drop in gross written premiums, Allianz is still aiming to hit a £3bn GWP target.
Allianz UK improves COR as GWP drops 3.6% in H1 2016
Allianz UK has improved its combined operating ratio to 96.3% (2015: 98%) as well as seeing a decrease in gross written premium for the first half of 2016.
Disciplined approach to underwriting will drive growth, says Esure’s Vann
CEO of Esure Group Stuart Vann is targeting growth in the insurer’s portfolio, claiming that "now is the time to grow".
Esure's home COR hits 105% as adverse weather affects book
Esure profit before tax dropped 1.9% to £45.6m (2015: £46.5m) and its overall combined operating ratio worsened 3.4 percentage points to 99.2% for the six months ended 30 June 2016 as adverse weather events impacted the insurer's home book.
Weather events reduce Allianz's Q2 P&C global profits by 37%
German giant Allianz's second quarter 2016 global property and casualty operating profits declined 37% to €1.1bn (£933m) compared with €1.75bn in Q2 2015.
Improving operating structure and delivery key to RSA group's financial success says Lewis
Steve Lewis, CEO for UK & Western Europe, RSA, believes improving operational structure and delivery has been key to RSA's strong financial results for the first half of 2016.
Homeserve ‘good bad’ deal says Aviva’s UK GI CEO Holmes
Aviva’s Homeserve deal has been labelled a ‘good bad deal’ by UK General Insurance CEO after the partnership negatively affected the insurer's combined operating ratio by 1% in its interim results.
Aviva 'worst performing' UK insurer, says Bank of America Merrill Lynch
Bank of America Merrill Lynch has labelled Aviva's shares the "worst performing" among the UK insurer peer group as the firm released its first half results.
Vienna Insurance Group aims for €400m profit in 2016 as it posts H1 results
Vienna Insurance Group has revealed consolidated profit before taxes of €200m (£168m) for the first half-year 2016.
Bupa sees profits fall despite revenue climb
Bupa saw revenue climb 7% at constant exchange rates in H1 2016, earning £5.3bn compared to £5bn for the same period last year.
Aviva's UK GI premiums rise 8% in first half
Aviva's UK general insurance business had a stable first half to the year despite the combined operating ratio climbing to 95.9% from 93.2% in H1 2015.
Aviva's global profits jump 13%; GI COR rises
Aviva had a mixed first half to the year as its life insurance division performed well and its general insurance profits fell.
RSA posts strong global first half results as pre-tax profit grows 20%
RSA's turnaround under CEO Stephen Hester has continued in the first half of 2016.
Suncorp's insurance profits fall 17.5% for full year
Adverse weather events meant Australian insurance giant Suncorp missed its full year catastrophe allowance by A$60m (£34m).
Compensation culture remains a challenge for insurers, says Axa UK’s Blanc
The compensation culture is still dogging the UK insurance industry and so the market must continue to price for it, according to Axa UK CEO Amanda Blanc.
Markel reports threefold increase in comprehensive income to shareholders
Markel has reported strong H1 2016 results, with a 307% increase in comprehensive income to shareholders from last year.