Company results
JLT ‘in line with expectations' despite challenging market conditions
JLT has "continued to trade in line with expectations" for the period from the beginning of July to 2 November 2015, according to an interim management statement issued today (3 November).
Saulter enthused by potential of expanded class offering in 2016
Davies CEO Dan Saulter is excited the company can now offer clients a more extensive class offering after its entry into specialist motor claims in July.
Revenue up 12% at Davies as account wins add £3m to 2016 figure
Davies Group has attributed 40 new account wins over the course of 12 months for a 12% uptick in revenue to £32.4m for the period ending 30 June 2015.
Aon Risk Solutions sees 8% fall in Q3 revenue
Aon's broking arm, Aon Risk Solutions, has reported an 8% fall in revenue for the third quarter of 2015.
Steadfast sees flattening premiums in Australia
Steadfast managing director and CEO Robert Kelly said market rates are flattening after a year of declining premiums and profitability at Australian insurers.
Aviva UK & Ireland Q3 COR improves to 92.8%
Aviva UK & Ireland has reported an improved combined operating ratio for the first nine months of 2015 - 92.8% from 94.2% in the same period last year.
Shipowners’ Club records improved COR at half year stage
Marine mutual insurer The Shipowners’ Club has delivered an improved half year combined ratio of 87% to August this year (2014: 95.5%), with a small underwriting surplus of $12.9m (£8.4m) on the 2015 policy year (2014: $4.6m).
Willis GB reports 16% income drop in nine months
Willis GB has reported a year-to-date operating income of $84m (£54.9m), down from $100m in the first nine months of 2014.
XL Catlin hit by integration costs and Tianjin claims
XL Catlin's first full quarter of results as a combined company saw heavy integration costs and a huge bill for the Tianjin port explosion.
Qatar Insurance Company sees GWP rise 20%
Qatar Insurance Company posted gross written premiums of $1.48bn (£965m) for the first nine months of 2015, a 20% increase on its prior year result.
Admiral dismisses data-selling claims as ABS's report £6.2m profit
Admiral has rebuffed claims its in-house legal divisions were set-up to circumvent the 2013 referral fee ban as its two alternative business structures reported joint pre-tax profits of £6.2m in 2014.
Ace reports record $897m operating income for Q3
Ace has posted a record after-tax operating income of $897m (£581m) for the quarter ending 30 September 2015.
BP Marsh doubles profit
Venture capital firm BP Marsh & Partners has doubled its profit before tax for the six months to 31 July 2015 to £3.4m.
Profits increase 31% at Besso
Lloyd's broker Besso has posted an increase in both profit and turnover for the year ending 31 December 2014.
Stream UK acquisitions 'on pause' but Pittman remains optimistic
Stream Claims Services UK general manager Jim Pittman has dismissed speculation the firm’s Australian parent is close to pulling the plug on funding, however, he confirmed to Post his acquisition strategy has been put “on pause”.
Autonet increases profit by 13.1% in 2014
Autonet has reported operating profit of £9.5m for the year ending 31 December 2014, up from £8.4m over the course of 2013.
Quindell posts £35.5.m loss for H1
Quindell has posted a pre-tax loss of £35.5m for the six-month period ending 30 June 2015, compared to a loss of £25.6m in the same period in 2014.
Insurance results drives Saga performance
The motor and home insurance businesses at Saga have contributed to a strong groupwide performance in the six-month period ending 31 July 2015.
Brightside sees £43.7m loss for 2014
Broker Brightside Group has posted a £43.7m loss for the year ended 31 December 2014 compared to a profit of £7.7m in 2013, documents filed at Companies House have revealed.
Simply Business boosts pre-tax profits for 2014
Xbridge, the online insurance broker for small businesses operating under the Simply Business name, has reported an 8% increase in pre-tax profits for 2014, according to documents filed at Companies House.
AM Best Commentary: Feeling the pinch
A number of market conditions are placing increasing pressure on the UK non-life sector. What will insurers need to do in order to ensure profits remain strong?
Cost savings behind 5% reduction in 2014 Swinton operating profit
High-street broker Swinton has attributed “significant cost savings” within the group to a 5.1% reduction in its operating profit to £24.2m last year (FY 2013: £35.5m).
Interview: James Hillon and Charles Offord: A better kind of business
Co-operative Insurance is transforming its business after the recent and well-documented issues experienced by the wider group. Directors James Hillon and Charles Offord tell Post about its future plans.
Turnover and profits increase in 2014 at Higos
Higos Holdings, the owner of broker Higos Insurance Services, has posted an increase in UK turnover and operating profits for 2014, according to documents filed at Companies House.