Company results
Be Wiser boss predicts return on investment after year of growth
Be Wiser Insurance finance director Andrew Dunkerley has heralded the fact the firm achieved increased profits of £2.2m (2013: £2m) against a backdrop of significant investment in staff and training.
Acturis records £29.6m revenue for 2013
Insurance software provider Acturis has reported a revenue of £29.6m for the year ended 30 September 2013, a 21% increase on its 2012 result.
Transactor reports 18% turnover rise
Insurance software provider Transactor Global Solutions recorded an 18% increase in turnover for the year ended 31 March 2014 with combined group turnover expected to be over £9.5m (2013: £7.7m).
Rural Insurance eyes 'number two' spot after year of growth
UK General business Rural Insurance boosted its gross written premium by 11% to £32m and improved Ebitda by 5% to £2m for the financial year ending 31 March 2014.
Profit margin slips by 1% at Tysers as chair eyes 'opportunities'
Tysers saw its Ebitda profit margin slip on a year-on-year basis from 19% in 2012 to 18%, despite recording 3% growth in overall revenues to £38.7m in 2013 (2012: £37.6m).
Towergate Q1 losses increase to £27m
Towergate has seen made an expanded pre-tax loss of £26.6m for the first three months of the year, up 41% from last year’s equivalent figure of £18.9m.
Profits climb at three largest Japanese general insurers
Japan's three largest general insurers have all reported a healthy increase in profits for the year ending 31 March 2014.
Hoffman expecting 'strong price competition' as Hastings' Q1 profits slip
Hastings has attributed increased interest expense emanating from debt issued last year for a slide in profit before tax in the first quarter to £14m (Q1 2013: £17m).
Arag notches 9% increase in GWP for 2013
Legal expenses insurer Arag has seen its UK operation boosted by expanded gross written premiums for 2013, while profits have also improved.
Terry pockets 50% pay rise as Quindell shares remain suppressed
Quindell executive chairman Rob Terry saw his pay rocket by almost 50% last year after a cash bonus of £720 000 resulted in the outsourcing boss pocketing a total package of £1.32m for 2013.
Helios signals growth plans as GWP jumps 31%
Helios Underwriting has reported a 31% increase in gross written premiums for the year ended 31 December 2013 up to £11.9m from £9.1m in 2012.
Membership satisfaction highest since 2007, claims Broker Network
Broker Network has claimed satisfaction among members is at its highest level in seven years and that contentment among staff is also on the rise.
Amlin sees UK GWP slide for Q1
Amlin has recorded drooping gross written premiums for its UK market business in the first quarter of 2012, while the insurer notched improved figures at a group level.
Homeserve UK profits half in three years
Homeserve has seen its UK profits slump to £53.4m, just over half of its equivalent figure of £104.3m in 2011.
Insurers told to cut losses in motor amid ongoing competition concerns
Hiscox AGM sees 42% of shareholders vote against remuneration policy
Gable doubles pre-tax profits for 2013
Lichtenstein-based insurer Gable has seen pre-tax profits almost double over the course of 2013, recording a 99% increase on a year-on-year basis.
P&I Club reports $6.6m surplus
The London P&I Club produced a surplus of $6.6m (£3.9m) for the 2013/14 financial year as well increasing its free reserve to $160.6m.
TT Club reports 87.4% COR for 2013
The TT Club reported $186.3m (£108m) in gross written premiums for the year ended 31 December 2013 while maintaining its A- rating from AM Best.
Zurich UK GI profit falls 37% on flood losses
Zurich has seen its UK business operating profit fall by more than a third off the back of flooding over the first three months of the year.
Tulloch rules out ‘major’ UK cost reductions as Aviva GI book shrinks
Aviva UK general insurance chief executive Maurice Tulloch has said the firm has no plans for ‘major’ reductions in cost to counteract an 8% fall in net written premium recorded for Q1.
Aviva UK GI premiums shrink 8% as COR worsens
Aviva has seen its UK general insurance book shrink 8% in Q1 on a year on year basis, while underwriting performance has also worsened.
Giles parent records £72.5m Gallagher takeover charge
Giles parent Expectrum has taken a £72.5m charge on its sale to Arthur J Gallagher last year, according to recent accounts.
Zurich sees Q1 global premiums inch upwards
Zurich's gross written premiums and profits showed marginal progress for Q1 2014.
Novae boosted by UK liability cover for Q1
Improved performance in its UK general liability book helped Novae record an overall increase of 5.7% in gross written premiums for Q1.