Company results
Aon Q3 broking revenues inch up 1%
Total revenues for Q3 in Aon’s broking operations have climbed just 1% on a year-on-year basis.
Decline in policy numbers sees 5% GWP drop at DLG
Direct Line Group has seen gross written premiums fall across its motor and home books for the first nine months of 2014 largely attributed to reductions in in-force policies.
Arc Legal reports 12% 2013 revenue growth
Arc Legal Assistance has reported a 12% increase in revenue to £21.5m for 2013.
Aviva reports best UKGI COR result in eight years
Aviva group CEO Mark Wilson has hailed a strong performance from the company's UK general insurance business in announcing its third quarter results, citing the year-to-date 94.1% combined operating ratio as the lowest in eight years.
Gallagher records year-to-date acquisition costs of £25m
Arthur J Gallagher saw a 38% increase in adjusted revenues in its brokerage and risk management segments for the third quarter of 2014 while acquisitions in the year-to-date have cost the US broker $40.6m (£25m).
Willis Group reports £4.3m net loss for Q3 as UK retail grows
Willis Group reported a net loss of $7m (£4.3m) in the third quarter of 2014 as Willis UK retail achieved modest growth for the global broker.
LV's O'Roarke says motor book has shrunk to ‘optimal' level
LV's private motor book has shrunk to near-optimal size, according to general insurance managing director John O'Roarke, who said the firm will continue to seek growth in commercial and household lines.
LV predicts ‘satisfactory' full year results as Q3 GWP declines
LV has reported decreased general insurance gross written premiums for the nine months ended 30 September 2014 in both its direct and broker channels as group CEO Mike Rogers says the insurer is on track to achieve "satisfactory" results at year-end.
Home insurance profitability to end in 2015 says EY
The UK’s home insurance market is set to end a long run of profitability, according to figures from EY.
Quindell boss Terry considers selling units amid struggling share price
Quindell will make moves to sell parts of the business if its share price does not improve after chairman Rob Terry claimed the outsourcer was “four to five times undervalued”.
Quindell set to become billion pound business following Q3 growth
Quindell chairman Rob Terry believes a billion pounds of revenue is within his company’s grasp after delivering £200m of gross sales incorporating a 115% increase on revenue in Q3 to £198m (Q3 2013: £92.1m).
Pre-tax profit up 16% at Arthur J Gallagher (UK) last year
Arthur J Gallagher (UK) has attributed the retention of key clients and the winning of new business for an uptick in full year pre-tax profit to £15.3m in 2013 (FT 2012: £13.2m).
Saga sees pre-tax profits drop as group hit by £50m IPO costs
Pre-tax profit at Saga dropped by £60m in the six months to 31 July 2014 with IPO costs totalling £50.8m.
Helios sees H1 GWP boost through acquisitions
Helios Underwriting has attributed its increase in underwriting capacity to £21.3m for the six months ended 31 June 2014 to the acquisition of three businesses in the period.
Swinton sees 26% 2013 profit drop
High street broker Swinton has reported post-tax profit of £14.1m for 2013, a 26% decrease on its prior year result.
Lloyd's H1 profits leap on back of improved investment income
Lloyd’s saw pre-tax profit rise to £1.67bn in the first half of 2014, up from £1.38bn in the first six months of 2014.
AA posts reduced profit in first results since IPO
AA posted a 1.6% increase in revenue from £484.1m to £491.7m in its maiden half year results following its initial public offering in June.
P&I Clubs face 5% premium increase, claims report
Lloyd's broker Tysers is estimating a 5% premium increase for P&I Clubs after a benign 2013/14.
MSIG notches ‘best ever’ underwriting result for 2013
Mitsui Sumitomo’s Lloyd’s operation has reported record underwriting profits for the year ending 31 December 2013.
GAB CEO Rigby hails 2013 as 'watershed' after pension 'distraction'
GAB Robins chief executive Kieran Rigby has described 2013 as a “watershed” year for the business as it released its first financial results since its pension scheme was accepted into an assessment period for admission into the Pension Protection Fund.
Skuld reports record H1 contingency reserves
Norwegian marine insurer Skuld has reported record contingency reserves of $354m (£217.7m) for the first half of the year.
Gable sees 43% H1 GWP leap
Gable Holdings has reported a 43% increase in gross written premiums for the six months ended 30 June 2014 to £39m (H1 2013: £27.3m).
Go Compare sees turnover rise 4.6%
Aggregator Go Compare has reported a 4.6% increase in turnover for the year ended 31 December 2013 to £109.9m (2012: £105.1m).
Simply Business parent profits dip 9% for 2013
Simply Business parent Xbridge has recorded drooping profits for 2013, while staff numbers surged over the 12 months.