Company results
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.
Willis Q4 2014 net income grows 11.8% against full year drop
Willis Group has reported a net income for the 12 months ended 31 December 2014 of $362m (£237m), a decrease from its 2013 result of $365m.
Catlin sees 2014 profits jump 13% to £320m
Catlin has reported a 13% increase in profit before tax to $488m (£320m) for the year ended 31 December 2014 (2013: $432m).
The County Group reports growth and targets acquisitions
Broker The County Group has reported an 18% increase in organic growth for its financial year 2013/2014
MMC CEO Glaser hails 'outstanding performance' of broking arm Marsh
Marsh & McLennan’s risk and insurance services business has reported revenue of $6.9bn (£4.5bn) in 2014, an increase of 5%, or 3% underlying revenue growth.
Aon posts 3% increase in revenue in Q4
Aon posted a 3% increase in revenue to $3.3bn (£2.16bn) in the final quarter of 2014, primarily driven by 6% organic revenue growth. organic revenue grow by 6% to $3.3bn (£2.16bn) in the final quarter of 2014, the broker’s results published today…
Profits rise at Aspen as COR heads south
Aspen Insurance Holdings recorded a year-on-year improvement in net income after tax to $355.8m (£232.4m) for the year ending 31 December 2014, compared to $329.3m in 2013.