Company results
Mapfre reports 44.8% growth in Brazil in Q3 2012 results
Mapfre has reported revenues of €19.4bn for the first nine months of 2012, a 10.5% rise compared with the same period last year.
Axa reports P&C growth in Turkey, Mexico and Gulf with Q3 results
Axa Group has reported total revenues up 1% to €68.4bn for the first nine months of 2012.
Aspen insurance segment drives GWP growth
Aspen has reported a 12.7% increase in gross written premium in the third quarter to $558.4m, the majority of the growth resulting from a 36.2% increase in the insurance segment.
Willis Q3 results hit by disposal of Indian operation and JV settlement
Willis has revealed that its third-quarter net income was hit by an $11m charge related to a settlement with a former joint venture partner in India and the related $1m loss on disposal of the India operations.
BP Marsh eyes insurance opportunities
Venture capital provider and Hyperion investor BP Marsh has reported profit after tax of £2.2m, representing an increase from £2.0m for the six months to 31 July 2011.
Barclays ringfences a further £700m for PPI compensation
Barclays is to set aside another £700m to compensate customers who were mis-sold payment protection insurance.
'Confident' JLT eyes international employee benefits expansion
Jardine Lloyd Thompson is "well positioned to deliver sustainable growth" and will continue with plans to develop its employee benefits business in 2012, according to the broker's interim management statement.
Zurich 'disappointed' with $550m adjustments to German GI
Zurich Insurance Group will strengthen its claims provisions, primarily in long-tail liability lines, and write-off a portion of its deferred acquisition costs, following a review of the firm’s German general insurance business, including a claims file…
German non-life insurers' focus on rates improves profitability
The German non-life insurance market has proved to be resilient, seeing growth in 2011 and a robust 2012.
Interest rates threaten German insurers' financial strength
Low investment yields owing to persistent low interest rates are putting the financial strength of German insurers in jeopardy, Standard & Poor's said today.
Integration costs force AJ Gallagher into the red
Arthur J Gallagher UK has reported an unconsolidated loss before tax of £2.8m for the year end 31 December 2011, compared to a profit of £4m profit for the same period last year.
Insurers report fall in profit and volume
General insurers have experienced a fall in business volumes and profitability over the past three months.
UK non-life insurance sector remains stable
Fitch Ratings has maintained a stable outlook on the UK non-life insurance sector, even as fundamental indicators remain weak.
JLT is "well run" and "fully valued"
JLT's share price is now "fully valued" having risen 19% in the past 12 months, according to Panmure Gordon.
Helphire losses fall 83% as company knocks £23m off net debt
Helphire has posted a statutory loss before tax of £6.3m for the full year ending 30 June 2012, an 83% improvement on the £34.1m loss reported for the same period last year.
Analysts reiterate 'buy' recommendation after 'excellent' H1 for Gable
Gable Holdings has this morning reported a 26% increase in gross written premium of £15.4m in the first half of 2012, in a set of results that also show a 55% rise in pre-tax profit to £3.2m.
Lloyd's returns to profit for H1 2012
Lloyd's posted profit of €1.897bn for the first six months of 2012, following a benign first half with no major claims from natural catastrophes.
Bluefin ponders acquisitions after publishing positive 2011 results
Bluefin has "plenty of cash washing around" should it decide to make an acquisition, according to chief executive Stuart Reid.
ULR Additions CEO Kay upbeat following 2011 turnaround
ULR Additions chief executive Rob Kay has credited a thorough business restructure for a 2011 turnaround which saw the legal expenses provider chalk up a pre-tax profit of £2.7m, an improvement of £6.1m on the previous year.
Lloyd's backs IPO access for small companies
Lloyd's of London has welcomed lower barriers to entry to the London Stock Exchange for small companies.
Lloyd's returns to profit with 'strongest' half-year result in five years
Lloyd's of London is back in the black after posting a profit of £1.53bn during the first half of 2012 compared with a loss of £697m in the same period last year.
Bluefin delivers £11.5m dividend to Axa
Bluefin has paid its parent company an £11.5m dividend for the 2011 financial year on Ebitda of £17.8m (2010: £15.2m) and pre-tax profit of £11.6m (2010: £10m).
Swiftcover posts £13m loss but GWP rises
Swiftcover Insurance Services found itself in the red in 2011 after posting a loss on ordinary activities before interest and taxation of £13.4m for the year ended 31 December 2011 compared with a profit of £932 000 in 2010.
Brightside pockets £30m profit while online home policy sales plunge 74%
Insurance broker Brightside has reported a 10% jump in revenue to £43.6m for the six months ended June 2012, and a reduction in external debt of £15m.