Company results
Admiral’s ABSs will not contribute 'materially' to group’s profits
Admiral’s joint legal ventures with Lyons Davidson and Cordner Lewis will not “make a material contribution in the foreseeable future”, according to the insurer’s chief financial officer Kevin Chidwick.
R&Q acquires Woodcroft Insurance
Randall & Quilter Investment Holdings has acquired the entire issued share capital of Guernsey domiciled captive insurer Woodcroft Insurance Company.
Co-op's up-for-sale GI business sees improved COR
The Co-operative's general insurance arm has posted impressive results despite poor performance for the rest of the insurance division.
Admiral's shrinking UK motor share behind 7% fall in H1 turnover
Motor insurer Admiral saw turnover fall 7% to £1.089m in the first half of 2013, down from £1.169m in the first six months of 2012.
R&Q acquires Woodcroft Insurance
Randall & Quilter Investment Holdings has acquired the entire issued share capital of Guernsey domiciled captive insurer Woodcroft Insurance Company.
R&Q signals future MGA division growth
Randall & Quilter chief financial officer Tom Booth has not ruled out the company adding new accounts to its managing general agents division, and said it is progressing several run-off transactions including insurance companies.
R&Q's H1 profit hit by fall in investment returns
Randall & Quilter posted total group income of £26.2m for the first half of 2013, up from £25.3m in the prior year period, as it continued its transition from run-off specialist to participant in the active market.
R&Q posts stable H1 results despite falling investment returns
Randall & Quilter posted total group income of £26.2m for the first half of 2013 (H1 2012: £25.3m) as it continued its transition from run-off specialist to participant in the active market.
Ecclesiastical to focus on investment growth
Ecclesiastical is set to grow its investment arm on the back of its improved half year results.
Carole Nash turnover improves despite shrinking market
Turnover at motorcycle broker Carole Nash improved by nearly 5% in 2012 while the company’s profit dropped by £400 000.
Ecclesiastical records sub-100% COR despite GWP reduction
Ecclesiastical has achieved a 95.6% UK combined operating ratio for the first half of the year(H1 2012: 109.9%).
Amlin Europe claims ratio hit by French property claims
Amlin Europe results were hit by large property losses in France in the first half of 2013.
UK commercial market returning to health says Amlin CEO
Improvements in UK commercial fleet have helped bolster Lloyd’s insurer Amlin’s results and the UK commercial market is becoming ‘healthier’ overall according to its chief executive.
Amlin returns 'solid results' for H1 2013
Amlin's chief executive Charels Philipps has dubbed the insurer’s first half results for 2013 “solid”.
Post Intelligence – company profile: Kraft Foods
In October 2012 Mondelez International spun off Kraft and it listed on Nasdaq. Valued at around $32bn, Kraft has implemented a restructuring programme to help it survive as a standalone company.
Post Intelligence – company profile: Yum Brands
Yum has nearly 37 000 restaurants globally, including Taco Bell, KFC and Pizza Hut.
Post Intelligence – company profile: Eli Lilly and Company
Some of the Groups major drugs will all lose patent protection between 2011 and 2013.
Post Intelligence – company profile: Lenovo Group
With revenues touching $34bn, Lenovo is said to be the second largest PC vendor in the world.
Post Intelligence – company profile: ExxonMobil Corporation
ExxonMobil plans to double its exploration acreage and to invest about $190bn over the next five years.
Post Intelligence – company profile: Citic Securities Company
China based Citic Securities is a listed financial services company with revenues of circa £1.4bn.
Post Intelligence – company profile: Standard Chartered Bank
With an operating income of $19bn the Group is targeting double-digit income growth. Standard Chartered is looking to bolster its wealth management presence in India through acquisitions.
Post Intelligence – company profile: Geely Holdings
A name becoming more prevalent in the UK since taking over Manganese Bronze, the maker of the infamous 'London Black Cab'.
Post Intelligence – company profile: Ford Motor Company
Signs are that Ford is on the road to recovery with revenues of $134bn and a net income of $5.7bn.
Post Intelligence – company profile: Hewlett-Packard Company
Hewlett Packard Company continues to struggle to turn its fortunes away from hardware to software. As part of a restructuring programme HP expects to lose 29,000 staff.