Company results
Willis returns to profit despite sliding operating income
Willis has swung back to profit in its latest full year results, 12 months after reporting a loss of $446m, in spite of a reduction in adjusted operating income.
Marsh reports 2013 profits up £91m
Broking giant Marsh has seen profits climb through 2014 to $1.45bn (£881m) for its insurance and reinsurance operations.
Markel 2013 profits climb after Alterra acquisition
Markel has seen its 2013 profits improve by almost $30m after integrating Bermudian insurer and reinsurer Alterra.
CFC annual pre-tax profits climb 27%
The UK’s largest specialist lines managing general agent has witnessed both its revenues and profits climb in figures issued this morning.
Pre-tax profits at Catlin climb 27% in 2013
Catlin's pre-tax profits reached $432m in 2013 - up 27% from $339m the previous year.
Aspen grows pre-tax profits by £15m after quiet cat year
Bermuda based insurer and reinsurer Aspen has seen its full year pre-tax profits climb, alongside improved underwriting performance boosted by reduced catastrophe losses.
Beazley targeting 2% investment yield for 2014
Specialist London insurer Beazley is hoping to return to 2012's investment yield next year after recovering from plummeting returns in the first half of 2013.
Beazley tipped to cope with 'challenging' 2014 as share price heads skywards
The stock market is expected to continue to respond favourably to Beazley’s “impressive” 2013 results, according to Westhouse Securities analyst Joanna Parsons.
Beazley records its lowest COR since 2002 listing
Beazley shaved seven percentage points off its 2012 combined operating ratio of 91% in chalking up the lowest COR since the insurance firm became a public company 12 years ago.
Munich Re's reinsurance division operating profits down 19%
In 2013, according to Munich Re's preliminary results, operating profits at its reinsurance arm reduced from €4.3bn in 2012 to €3.5bn last year (a reduction from €3.1bn to €2.8bn in its consolidated result).
County Group unveils £50m broking target
The County Group has unveiled a broking target of £50m over the next four years following the release of its financial results for the year ending September 2013.
LV CEO predicts 2014 motor recovery following £40m GWP drop
LV has recorded a £40m drop in general insurance gross written premium for the 12 months ended 31 December 2013 while total in-force policies grew by 300 000.
Aon boasts of 'strong finish' to 2013 with profits up 12%
Broking giant Aon saw its 2013 net income climb 12%, in spite of limited movement in broker revenues.
Hyperion records positive growth but rules out IPO in short-term
Hyperion Insurance Group today reported a 51% increase in revenue for the year ended 30 September 2013 as group chief executive David Howden said an IPO is still firmly on the company’s agenda.
Health & Case Management hires customer relations director
Rehabilitation and treatment firm Health & Case Management has appointed healthcare specialist Kelly Sallows to its newly created customer relations director role.
US car comparison site sale will not impact Admiral FY results
Admiral has stated that a further sale of a minority equity stake in its US car insurance comparison website Compare Now will have "no material impact" on its full year results for 2013.
Home insurers expected to pass on 2013 savings to consumers
Home insurance premiums could fall by at least 5% this year as home insurers pass on the benefits of achieving their best set of results in almost two decades.
Brightside slashes 2013 forecast by 20%
Brightside Group has reduced its 2013 earnings estimate by approximately 20% after further capacity restrictions in the fourth quarter of 2013 adversely affected the broker’s online business.
Profit growth not BGL's main aim in 2013 as CEO eyes five-year plan
BGL chief executive Matthew Donaldson has defended his firm’s static profit growth in 2013 by claiming that the launch of a five year growth initiative had meant that building on last year’s profit margin was never expected.
BGL profits remain flat despite attracting two million more customers
The BGL Group has recorded pre-tax profits of £88m for the second consecutive year, despite increasing customer numbers by two million to 6.6 million during the same period.
Helphire raises £60m to fund growth
Accident management services group Helphire has announced it has raised £60m before expenses by issuing more than one billion ordinary shares at 5.2p each.
Industry plays down impact of St Jude and Xaver storms on full-year results
Losses expected to be ‘in tens of millions, not high hundreds of millions’.
Review of the Year: Lloyd’s: 325 not out
After celebrating its 325th birthday this year, Lloyd’s is still looking to innovate. Key figures in the market review the past 12 months and look forward to the coming year.
Skuld CEO upbeat following Q3 growth in contingency reserves
Skuld has chalked up a third quarter $32.8m (£20m) rise in its premium income alongside an increase of $50.7m in its contingency reserves on Q3 last year.