Company results
Systemic risk: The burden of being big
What will the extra scrutiny that comes with being a global systemically important insurer mean for the nine firms given the designation?
Post Intelligence – company profile: LV=
Within general insurance, LV= is looking to maintain its position as a top five general insurer in its target markets and to be active in all major channels.
GI business volumes rose in Q3 says PWC report
General insurers saw business volumes and profitability rise in the past three months and expect strong growth in business volumes during the next quarter, according to the latest CBI/PWC Financial Services Survey.
Arthur J Gallagher files £13m pre-tax profit for 2012
Arthur J Gallagher has revealed a pre-tax profit of £13.1m for the year ending 31 December 2012 in figures filed with Companies House this week.
Helphire set to begin Autofocus settlement negotiations
Helphire Group will seek to make good its losses from the Autofocus debacle once it finishes examining documents for ‘several thousand’ cases.
Savage: Lloyd’s happy with cautious GWP growth
Lloyd’s director of finance and operations Luke Savage has declared himself satisfied with small increases in the gross written premiums recorded in the London market.
Lloyd’s first half profit drops on 2012 result
Lloyd’s has posted a £1.38bn profit for the first half of 2013 down on its 2012 result of £1.53bn.
Lloyd’s first half profit drops on 2012 result
Lloyd’s has posted a £1.38bn profit for the first half of 2013 down on its 2012 result of £1.53bn.
Interview: Jon Dye - The Dye is cast
Jon Dye’s appointment as Allianz UK CEO did not come as a surprise to many, including himself. And while he is not daunted by his new role, he is certainly not complacent about the task ahead.
Cooper Gay posts organic growth of 5% for 2012
Cooper Gay and Company posted organic growth of 5% for the full year 2012.
Brightside profits remain flat in H1 as net assets increase 5%
Brightside Group has recorded stable half-year post-tax profits of £5.5m (H1 2012: £5.6m.
Rivals set to take advantage of Swinton’s downsizing plans
Firm to close 100 of its 500 branches by end of 2014
Editor's comment: Don’t count your (fried) chickens
In my 10 years working on Post and with the insurance sector, I have lost count of the number of times the death knell has been sounded for the high-street broker.
Skuld sees H1 post-tax profits climb $10m
Marine insurer Skuld has seen combined post-tax profits for its P&I and commercial business climb more than five-fold on a year-on-year basis.
Swinton profits to remain flat until 2015: Bardet
Swinton chief executive Christrophe Bardet said the broker may not post improved figures until 2015 after a steep drop in profits and turnover for 2012.
FCA fine not to blame for profit slump as Swinton plots job cuts
Swinton has attributed changes to its sales practices following regulatory action over the mis-selling of add-on products to a drop in its annual turnover last year, which sunk to £301.4m from £329.1m in 2011.
View from the Top Simon McGinn: Getting ahead of ourselves
While recent results are encouraging, now is not the time for the insurance industry to rest on its laurels
Gable boosts insurance profit by 5% as COR experiences minor slide
Gable Holdings chalked up a 5% increase in its insurance profit in the first half of the year, although the firm’s combined operating ratio deteriorated by an identical proportion to 56%.
Investment: Diminishing returns
Insurers are predicted to find it increasingly difficult to make high yields from investments, so what can the industry do to turn the tide and increase returns?
Swiss group Helvetia records 13% profit growth
Swiss insurance group Helvetia has recorded first half post-tax profits of CHF4.7bn (£3.29bn) a 13% increase on its 2012 result.
PI law firm wants apology from Admiral
Personal injury law firm Thompsons Solicitors has asked Admiral to apologise for misleading the public about personal injury costs after it revealed a rise in profits in its half year results yesterday.
Charles Taylor remains ‘cautious’ after profits rise 16.8% in H1
Charles Taylor posted revenue of £56.1m in the first six months of 2013, up 5.9% on the first half of 2012.
Ping An's profits rise 28.3%
China's largest insurer Ping An has reported a 28.3% rise in its first-half profit.
Vienna Insurance Group sees pre-tax profits slashed by floods
Austria’s biggest insurer has seen pre-tax profits drop by almost 32% following severe flooding in Central and Eastern Europe.