Company results
Novae profit rises despite rating and currency conditions
Novae Group has attributed a five percentage-point improvement to its combined ratio to 90.8% (H1 2013: 95.8%) in the first half of this year to a positive claims experience, resulting in an 89.4% increase in underwriting contribution to £19.7m (H1 2013:…
RSA job cuts suggested by report
RSA is refusing to comment on a report suggesting it will announce "hundreds" of job cuts at its interim results on Thursday (7 August).
Esure reports steady results as it unveils ABS plans
Esure profits have grown 0.4% for the first half of 2014 with chairman Peter Wood praising the group's disciplined underwriting in difficult market conditions.
Sale of DLG's international units not set in stone, claims Geddes
Direct Line Group chief executive Paul Geddes has denied the sale of the insurer's Italian and German operations is a foregone conclusion, despite talks on offloading the international divisions gathering momentum.
Axa reports 33% earnings increase for UK business
Axa UK and Ireland recorded a 33% increase in underlying earnings for the first half of 2014 to £118m from £89m the year prior.
DLG sees profit drop from high weather claims
Direct Line Group has attributed a 13.1% drop in operating profit for the first half of 2014 to higher weather claims and lower prior-year reserve releases.
Euler Hermes net income up 4.1% for H1
Trade credit insurer Euler Hermes has recorded net income up 4.1% for the first six months of 2014.
ERS reports profit for first time since 2009
Insurer ERS has recorded a half year profit for the first time since 2009 improving its 2013 Q2 result by £25m.
Weather claims eat into Lloyds GI COR as income slips by £54m
Lloyds Banking Group’s general insurance business has attributed increased weather claims in the opening two months of the year to a decline in the unit’s combined operating ratio to 80% in the first half of 2014 (H1 2013: 69%).
Xchanging sees £65.6m drop in net revenue
Net revenue at business processing provider Xchanging dropped to £205.1m in the first half of 2014 down from £270.7m in the same period for 2013.
Gallagher Q2 broking revenues up 34%
Arthur J Gallagher has reported group-wide broking revenues climbing by more than a third on a year-on-year basis for Q2.
Money Supermarket sees 4% revenue growth for insurance site
Money Supermarket has reported a 4% increase in revenue for its insurance division in H1 2014 to £68.1m (2013: £65.5m).
Willis posts 5.1% revenue increase in Q2 despite UK retail decline
Willis posted a 5.1% increase in revenues, including commissions and fees, investment income and other income to $935m (£552m) in the second quarter of 2014.
JLT growing strongly in Asia
In the first half of the year revenue at JLT Asia's risk and insurance portfolio grew 9% while its employee benefits book climbed 35%.
‘Invigorated’ Burke pledges future to JLT
Jardine Lloyd Thompson chief executive Dominic Burke has committed his future to the broker after returning from a shock two month sabbatical.
JLT posts 15% increase in revenues in H1
Jardine Lloyd Thompson posted a 15% increase in total revenue to £559.6m for the first six months of 2014, despite a challenging rating environment in insurance and reinsurance and adverse foreign exchange movement.
Shares slump at QBE after profit warning
Australian giant QBE has announced its first half results are likely to miss profit expectations by almost A$200m ($188m).
Results season round-up: six monthly interims for 2015
Insurers and brokers report their six monthly interim results for 2015.
Mixed results for LV as GWP drops
LV has reported £720m general insurance gross written premiums for the six months ended 30 June 2014; a drop from £748m for the same period last year.
Hiscox posts drop in pre-tax profit for H1
Hiscox posted a reduction in gross written premium to £978.9m for the first six months, down from £1.02bn in the first half of 2013.
Aon Q2 broking operating income up 7%
Aon has reported a 7% increase in operating income for its broking business in Q2 of 2014, with internal savings driving the improvement.
Increased competition takes its toll as Lancashire profits plummet
Lancashire Holdings has seen its profit before tax nosedive by almost $40m (£23.5m) in the opening six months of the year on the 2013 half year figure of $137.2m.
Disposals push Capita to £238m profit
The sale of ailing broking business BDML, Sureterm, Lancaster and Delta to Markerstudy has helped push Capita to a pre-tax profit of £238m for the first half of 2014.
Beazley CEO Horton braced for MH17 war claims
Beazley chief executive Andrew Horton has admitted the speciality insurer could face exposure following last week’s Malaysia Airlines flight MH17 disaster.