Company results
Allianz grows UK GWP by 1.8% in Q3
Allianz’s UK business reported a 1.8% increase in gross written premiums to £1 459.7m in the third quarter of 2013.
Catlin boosted by “strong” underwriting, but investment returns remain low
Specialty insurer and reinsurer Catlin has unveiled increased gross written premiums, with rates also climbing, while investment returns have remained stubbornly low.
Admiral 'on track' for full year despite falling UK revenue
Insurer Admiral said it its ‘on track to meet expectations for the full year’ despite the shrinkage of its UK motor business in the third quarter.
Allianz Group to beat 2013 forecast, despite sliding UK profits
Insurance giant Allianz will beat its 2013 profit forecast of €9.7bn in spite of its UK business being hit by volume losses on motor and legal protection.
Novae reports low losses but sees GWP drop 5%
Novae Group has reported low level losses due to a benign catastrophe period but also low investment returns for the period ended 30 September 2013.
Munich Re targets €3bn profit for 2013 after weak Q3
Munich Re believes profit of €3bn (£2.5bn) is “achievable” for the full year after recording a €2.2bn profit for the first nine months.
COR improves at Aviva UK as storm losses hit £10m
A reduction in the Aviva UK general insurance combined operating ratio of 95.5% (9M 2012: 97%) has been attributed to lower expenses and favourable weather conditions over the first nine months of the year.
Beazley predicting 'mid-80s' full year COR
Beazley has chalked up a 5% rise in premiums of $1.54bn (£958m) over the first nine months of the year, as limited exposure to weather events has left the firm expecting a better than predicted full year combined ratio.
Swiss Re sees P&C income slide 22% for Q3
Swiss Re has reported tumbling income from its property and casualty reinsurance arm, balanced by increased premiums in Q3.
Swiss Re Q3 P&C income down 22%
Swiss Re has reported tumbling income from its property and casualty reinsurance arm, balanced by increased premiums in Q3.
Generali boosts profits by 40%
Assicurazioni Generali has posted net profits of €1.6bn (£1.3m), a 40.4% increase on the nine month results last year.
Markel International posts improved combined ratio for Q3
Markel Corporation reported diluted net income per share of $4.67 (£2.90) for the quarter ended September 30, 2013 compared to $5.32 for the third quarter of 2012.
Beazley predicting 'mid-80s' full year COR
Beazley has chalked up a 5% rise in premiums of $1.54bn (£958m) over the first nine months of the year, as limited exposure to weather events has left the firm expecting a better than predicted full year combined ratio.
Tulloch engaging brokers ahead of Aviva senior team rebuild
Aviva UK general insurance chief executive Maurice Tulloch has vowed to engage heavily with brokers as he seeks to build a new senior team following a string of high-profile exits.
COR improves at Aviva UK as storm losses hit £10m
A reduction in the Aviva UK general insurance combined operating ratio of 95.5% (9M 2012: 97%) has been attributed to lower expenses and favourable weather conditions over the first nine months of the year.
Watson defends Tesco Underwriting's GWP slump
Ageas UK chief executive Andy Watson has defended Tesco Underwriting’s £133m gross written premiums slump after posting a GWP of £341.1m for the first nine months of the year.
Lancashire CEO upbeat on COR despite heavy Q3 losses
Lancashire Holdings chief executive Richard Brindle has heralded his group’s sub-70% combined operating ratio for the first nine months of the year, despite a third quarter deterioration, as testament to the “resilience of our portfolio”.
Ageas profits up 5.6% amid tough retail trading environment
Ageas has chalked up a 5.6% rise in its net profit in the opening nine months of 2013, despite gross written premiums generated by Tesco Underwriting plummeting £133m on the previous year.
Crawford hit as Thai flood work tapers; affirms full year guidance
Adjusting giant Crawford has seen its total consolidated global revenues fall 3% in the third quarter of 2013, with the Europe, Middle East, Africa and Asia Pacific regions witnessing revenues tumbling by 12%.
Burke predicting financial progress amid speciality focus
Jardine Lloyd Thompson chief executive Dominic Burke is confident an increased focus on specialty business and a growing global reach will enable the broker to achieve year on year financial progress.
CGSC 'disappointed' by Moody's downgrade
Wholesale broker Cooper Gay Swett & Crawford has criticised the decision to downgrade in its corporate family credit rating from B2 to B3.
RSA anticipates sub-10% ROE as storm losses hit home
Storm losses have been cited as a major contributing factor behind RSA adjusting its financial estimates, with group chief executive Simon Lee anticipating return on equity for the year to be below 10%.
Hiscox bolsters GWP by 10.5% in the UK
Hiscox’s retail business in the UK increased gross written premiums by 10.5% to £312.8m (2012: £283m) in the opening nine months of the year.
DLG hits back at earnings criticism
Direct Line Group's chief financial officer John Reizenstein has hit back at criticisms around the sustainability of the insurer's earnings.