Company results
Hiscox in ongoing talks with PRA over stress test concerns
Hiscox is engaged in ongoing discussions with the Prudential Regulation Authority about concerns it has with its insurance stress test and is calling for a simulation of a large loss scenario to take place in the first half of 2016.
Hiscox Retail reports record H1 profit despite tough market conditions
Hiscox Retail delivered record profits of £59.3m in the six months to 30 June 2015, up from £37.4m in the same period in 2014.
Mapfre takes 31% hit on H1 net profit
Spanish insurer Mapfre has reported a 31% drop in post-tax profit for the first six months of 2015 to €315.6m (£223m).
Horton confident for the future as Beazley racks up 16% rise in H1 profits
Beazley CEO Andrew Horton has hailed an “excellent first half” for his firm after presiding over a 16% year-on-year increase in pre-tax profits to $154.5m (£99.8m), up from $132.9m at the halfway point in 2014.
Allied World's profits hammered in Q2 by catastrophes and investment losses
Allied World's after tax profits fell 94% to $9.5m (£6m) in the second quarter compared with the same period last year when profits hit $151.9m.
Biba delivers uptick in 2014 turnover despite 'uncertain' market place
The British Insurance Brokers’ Association recorded a 7% annual increase in company turnover in 2014 to £3.78m (2013: £3.53m).
Insurance revenue up at Moneysupermarket
Price comparison site Moneysupermarket has reported a 20% increase in insurance revenue for the six months ending 30 June.
Editor's comment: Swinging from high to low
Last Wednesday was a day of extreme highs and lows for the insurance industry. The sector celebrated successes of the past year with the Oscars of the industry, the British Insurance Awards, with over 2000 insurance professionals letting their hair down…
Turnover up but profits down at Be Wiser
Broker Be Wiser Insurance Services has reported an increase in turnover and the amount of policies on its books for the year ending 31 May 2015.
Carole Nash sees marginal profit increase as turnover drops
Carole Nash reported increased pre-tax profits of £3.94m for the 12 months ended 31 December 2014 (2013: £3.93) despite a £1.5m drop in turnover for the period.
Barbon returns to profit in 2014
Barbon Insurance Group has posted an operating profit for 2014, according to documents filed with Companies House.
Insurers and brokers report rise in business volumes over past three months
Business confidence for brokers, life and general insurers continues to rise, according to a joint survey by CBI and PWC published today.
Quindell delays 2014 results announcement
Troubled service provider Quindell has said its audited 2014 accounts will not be published by tomorrow (30 June) as planned.
Towergate concentrates on recovery after 'perfect storm' of 2014
Towergate interim CEO Scott Egan wants to draw a line under 2014 as the company reported its full year results for last year and the first quarter of 2015 today (26 June).
R&Q boss confident for the future despite 'challenging' 2014
Randall & Quilter chairman and CEO Ken Randall is expecting a “much improved” 2015 after bemoaning a “challenging year” in which financial performance was hampered by lower than anticipated investment income and a disappointing trading performance in the…
Reduced insurer payments behind 'modest' turnover rise at Perkins Slade
Birmingham-based broker Perkins Slade has attributed reduced service fee payments from insurers and soft market conditions for a modest 2% rise in turnover for the year ended 31 August 2014.
BP Marsh increases profit to £4.9m for 2014
Niche venture capital provider BP Marsh & Partners posted profit after tax of £4.9m for the year to 31 January 2015, its audited financial results showed.
IRS contributes half of Lark's turnover growth
Turnover at Lark Group rose 6.5% for the 12 months ended 31 December 2014 to £26.1m (2013: £24.5m).
Dewsall dismisses Gable share slump after 2014 loss
The drop in Gable Holdings' share price following the release of its 2014 annual results statement does not concern CEO William Dewsall who is targeting at least £100m gross written premiums for 2015.
Gable reports 2014 pre-tax loss of £5.4m
Liechtenstein-based insurer Gable Holdings has reported record gross written premiums of £80m (2013: £58.9m) for the year ended 31 December 2014 against a pre-tax loss of £5.4m.
Insurers to suffer COR deterioration as motor premiums plummet by £400m
Motor insurers are facing a couple of challenging years in which the market average combined operating ratio could deteriorate to 105%, according to Deloitte calculations based on declining motor premiums.
Hastings sees increases in first quarter GWP and revenue
Hastings has posted a 23% increase in gross written premiums for the first quarter of 2015, as well as a rise in the number of customers on its books.
Amlin celebrates ‘good start' to 2015
Amlin has reported a "good start" to 2015 for the first three months of the year.
Vienna Insurance Group sees first quarter GWP increase
Vienna Insurance Group has posted an increase in gross written premiums for the first quarter of 2015, but posted a decrease in profits before tax.