Company results
Innovation Group reports revenue increase for latest six months
The Innovation Group, a provider of software and business process outsourcing to the insurance, fleet, automotive and property industries, has reported its interim results for the six-month period ending 31 March.
Jon Dye ‘very happy' with Allianz's Q1 results
Allianz CEO Jon Dye has said he is "very happy with what we have achieved" after the firm reported an increase in group gross written premiums and an "excellent" combined ratio for the first quarter of 2015.
Allianz posts increased GWP and lower COR for Q1 2015
Allianz has reported a jump in gross written premiums and a reduced combined operating ratio for the first quarter of 2015, in figures published today.
Skuld's 2014 bottom line result drops 53%
Norwegian marine insurer Skuld has reported a bottom line result of $13.5m (£8.5m) for the 2014 financial year; a decrease on its 2013 result of $29m.
Generali loses motor market share in Italy and France
Italian insurer Generali saw a 4.6% property and casualty profit decline in the first quarter after it counted the cost of storms in Italy, Germany and Austria.
Novae hails success of Syndicate 2007
Novae's gross written premium for Q1 2015 was £257.6m (Q1 2014: £195.1m), an increase of 32% (27.5% at constant exchange rates).
Hiscox sees Q1 GWP rise 12%
Hiscox has reported a 12% increase in gross written premiums for the three months ended 31 March 2015 to £561.7m (Q1 2014: £501.6m).
Jelf plots commercial acquisitions in mid-market boost
Jelf is looking for acquisition opportunities in the commercial market alongside plans to grow the insurance division's mid-market presence, according to group CEO Alex Alway.
Jelf Group's H1 revenues jump 11%
Jelf Group's revenues have jumped 11% to £43.7m for the six months ended 31 March 2015 from £39.3m in 2014.
Bangkok Insurance warns on Thailand premium growth
The CEO of Bangkok Insurance Chai Sophonpanich has warned that general insurance premiums will only expand by 5% this year as opposed to the target of 9%.
Watson hails commercial action plan for improved COR
Ageas UK CEO Andy Watson says the 31.6 percentage point improvement in his firm's commercial combined ratio for the first three months of 2015 was the result of a sustained action plan of which the next phase is to grow the account.
Ageas reports ‘profitable but challenging' Q1 figures
Ageas UK has reported a net profit of £12m for the first three months of 2015 compared to a loss of £4.5m in the same period of 2014.
RSA boss Lewis hopeful for Irish division turnaround in 2016
RSA UK and Western Europe CEO Steve Lewis is confident the insurer's Irish business will be moving towards profitability in 2016, but has admitted there is still a lot "heavy lifting" to do in the division.
Reserve releases and low cat losses aid 30% rise in Zurich UK GI profits
Zurich’s UK general insurance CEO Vibhu Sharma has described a 30% rise in business operating profit as “the obvious highlight” in his firm’s opening quarter results for 2015.
Esure posts first quarter GWP increase
Esure has reported an increase in gross written premiums for the first three months of 2015 in an interim management statement released today (7 May).
Markel reports 83% Q1 combined ratio
Markel Corporation saw a more than 10 percentage point improvement in its combined ratio for the first quarter of 2015 to 83% from 95% in Q1 2014.
Aviva's Wilson outlines stance on ‘Brexit' ahead of potential referendum
Aviva is keeping a close eye on the proposed European Union membership referendum that would take place under a future Conservative government, with group CEO Mark Wilson playing down the insurer's exposure to such a move.
Telematics performance bolsters RSA personal motor growth in Q1
RSA has attributed “strong performance” in its telematics offering as the driver of 14% growth within its UK personal motor business, which chalked up £57m of net written premiums in the first quarter of 2015 (Q1 2014: £50m).
Beazley's Horton hails specialty and US growth
Gross written premiums at Beazley climbed 6% in the first quarter of 2015 compared to the same period last year.
Aviva's UK&I GI Q1 net premiums grow 1%
Aviva's UK and Ireland general insurance combined operating ratio improved marginally in the first three months of 2015 to 98.3% (Q1 2014: 98.6%) while net premiums for the region grew 1%.
Zurich blames currency movements for global profits dip
Zurich posted a $174m (£114m based on today's exchange rate) fall in general insurance pre-tax profits to $706m in the first quarter of 2015, a drop of 20%.
Pro Global completes share buyback after staff departure
Pro Global Insurance Services has bought back more than 31,000 in the company after the departure of one of its employees.
L&G direct sales growth a result of 'enhanced digital capabilities'
Legal & General recorded a 16% year-on-year increase in gross written premium within its direct business in the first quarter of 2015 despite a 4% drop in total GWP over the same period.
TT Club's 2014 COR improves to 85.6%
Transport insurer TT Club has reported increased gross written premiums for the 12 months ended 31 December 2014 to $182.2m (£120m) from $181.1m the year prior.