Company results
Xchanging sees flat results for operating profit for 2014
Xchanging has posted 0.5% rise in operating profit for the full year 2014, according to its latest results.
Evans declares Axa five-year turnaround plan 'job done'
Axa UK and Ireland CEO Paul Evans has described the five year turnaround plan unveiled in 2011 as “job done” a year ahead of schedule.
Brit's Cloutier confident despite tough market conditions
Brit group CEO Mark Cloutier has said he is not troubled by the market environment "being more and more difficult out there".
Axa chalks up fourth year of double digit profit growth in the UK
Axa’s UK and Ireland general insurance business recorded a fourth successive year of double digit earnings growth after chalking up a 40.4% rise in underlying earnings to £250m in 2014 (FY 2013: £178m).
Brit 2014 profits climb 40% as investment returns skyrocket
UK-based insurer Brit's after tax profits were £139m last year compared to £99.5m the previous year, up 39.7%, as its investment returns rocketed 38.4% year on year.
QBE bounced back to profit in 2014; GWP fell 9%
Australian giant QBE secured an after tax profit of $742m (£480m) in 2014 after seeing a pre-tax loss of $254m in 2013 but missed profit expectations.
Ascot sees 2014 profits slide as CEO predicts 'challenging' year of trading
Ascot Underwriting CEO Andrew Brooks has vowed to maintain underwriting discipline amid a “challenging trading environment” in 2015, after the firm reported a dip in pre-tax profits last year.
ERS reports first full-year profit in five years
ERS has reported a full calendar year profit for the first time in five years, a £28m improvement year-on-year.
Tokio Marine Kiln syndicates deliver profit for 2012
Tokio Marine Kiln’s three non-aligned syndicates all delivered profit for the 2012 year of account, figures published today showed.
Euler Hermes chair bemoans 'disappointing' economy as income dips
Trade credit insurer Euler Hermes saw its net income slump by 3.7% year-on-year to €302.1m (£223.2m) for the 12 months ending 31 December 2014 from €313.7m at the end of 2013.
Aviva downgraded by Berenberg as turnaround case questioned
Equities analyst Berenberg has downgraded Aviva from ‘buy’ to ‘sell’, saying evidence of a turnaround at the British composite insurer is “less compelling than the movement in the share price would suggest”.
IAG's premiums and profits rise in Asia
Australasia giant is growing slowly but surely in Asia.
Brisbane hailstorm hurts IAG's first half profits
Catastrophes and reduced reserved releases contributed to IAG's 9.8% fall in profits in the first half of its financial year through 31 December.
Coface 2014 turnover grows 1.6%
Coface has reported a 1.6% increase in its turnover for the year ending 31 December 2014 to €1.4bn (£1bn).
Snowball eyes next role after Suncorp
Patrick Snowball is ready for a new challenge after he leaves Suncorp later this year.
AIG's Q4 2014 profits fell 67%
US insurer AIG's Q4 after tax profits declined to $655m (£426m) compared to $1.98bn a year earlier as the insurer missed analysts expectations.
Industry should not ‘bank’ on weather benefits says Zurich’s Smith
Several years of benign UK weather are likely to increase pressure on home and buildings pricing according to UK GI CEO Dave Smith who has warned peers not to ‘bank’ on the benefit of below average catastrophe activity.
Next two quarters will tell if signs of improvement in motor are 'false dawn' says Ageas UK CEO
Ageas UK CEO Andy Watson has predicted this year could see an improvement in the motor market as fuel prices mean drivers take to the road more frequently but says the next two quarters will tell.
Markel's 2014 operating revenues surpass £3.2bn
Markel achieved an improved combined operating ratio of 95% for the year ended 31 December 2014 from 97% the year prior.
Zurich CEO "not satisfied" with group 2014 results
Zurich's pre-tax profit fell 1% last year to $4.64bn (£3.04bn) compared to $4.68bn in 2013.
Lancashire reports 33.5% jump in 2014 GWP
Lancashire Holdings has reported a 33.5% boost in gross written premiums for the year ended 31 December 2014 to $907.6m (£595m) from $679.7m in 2013.
Ageas UK CEO Watson says 2014 results show insurer in ‘good shape'
Ageas UK saw a leap in net profit for the year ended 31 December 2014 to £94.7m from £85.2m in 2013.
Zurich's Asia-Pacific chairman Riddell to retire
Geoff Riddell, Zurich's Asia-Pacific chairman, will retire from the insurer after he manages a transition period for his successor.
Zurich's UK profits climbed 19.5% in 2014
Zurich's UK pre-tax general insurance profits climbed 19.5% to £171m last year from £143m in 2013.