Company results
Asian results help JLT offset difficult European trading period in 2011
Strong retail revenue growth and margins in Asia helped Jardine Lloyd Thompson offset difficult trading environments in Europe and deliver profit before tax of £147.6m for the full-year ending 31 December 2011.
Dexia Bank Belgium rebrands as Belfius Bank & Insurance as it reveals 2011 losses
After reporting a net loss of €1,367m after tax for 2011, Dexia Bank Belgium has rebranded as Belfius Bank & Insurance.
Novae suffers £6m loss before tax in "torrid year" for general insurance
Specialist insurer Novae has reported an underlying loss before tax of £6m for the year to 31 December 2011 in a "torrid year for the non-life insurance industry" compared to £36.2m profit in 2010.
Hardy chairman blames 'challenging years' for £50m losses
Hardy Underwriting Bermuda chairman David Mann has bemoaned the past two "challenging years" for a loss before tax of £42.1m against the previous year's £10m profit.
Ai Claims revenue hit by warmer winter weather
Ai Claims has posted a 21% drop in revenue to £47.5m (from £60.1m in December 2010) for the six months to 31 December 2011, citing warmer winter weather and shorter repair times.
Overseas revenue surge drives 13% pre-tax profit rise at JLT
Strong retail revenue growth and margins in Asia and Latin America helped offset difficult trading environments in Europe and Canada to deliver an overall 13% pre-tax profit rise for Jardine Lloyd Thompson for the full-year ending 31 December 2011.
Groupama and Brit hit snags as they try to shortlist potential buyers
Industry big-hitters linked to Direct Line Group chairman role
Commercial lags behind personal as major insurers reveal their 2011 hands
The results season is more than halfway through and, while analysts have highlighted the increased profit in personal lines despite market saturation, they claim commercial is lagging behind and could worsen.
Shorter car hire lengths damaged results, says Helphire boss
Credit hire firm Helphire is "cautious but optimistic" about the future, despite posting an adjusted operating loss of £0.7m for the six months to 31 December 2012.
Brit 'schtum' on UK sale as profits and GWP drop in 2011
Brit Insurance has reported a profit before tax of £75.8m in 2011 (2010: £116.4m) on gross written premiums of £1.5bn (2010: £1.53bn).
Helphire extends banking agreement until 2014 as it slips into the red
Helphire has announced that it had reached an agreement with the group's bankers for the extension of the expiry date of the existing committed banking facilities from 31 December 2012 to 31 December 2014.
Moneysupermarket CEO predicts "another good year" after insurance revenue breaks £100m barrier
Moneysupermarket has reported a jump in click-based and other reveune from its insurance vertical in 2011.
Sri Lanka's GI market grew 21% in 2011
Sri Lanka's general insurance market grew by 21% in 2011, a record for the industry since its privitisation, according to Sri Lankan business paper the Daily News.
QBE's results hit by catastrophes
Australian insurer QBE reported gross written premium in Europe of $4,828m (2010: £4,156m) but a combined ratio up five points to 95.5%.
Hiscox wants FSA as tough as Lloyd's
Robert Hiscox has demanded that regulator the Financial Services Authority call in and question any insurers offering to beat other insurers' quotes.
LV results "even better than planned"
Speaking to Postonline following LV's full year results which showed trading profits more than double to £72m, managing director John O'Roarke said that the insurer is £10m ahead of plan.
Allianz UK's profits defy recession
Allianz UK has reported 2011 GWP up more than 10% to £1832.2m (2010: £1663.7m) with operating profit up more than 6% to £168.7m (2010: £158.5m).
LV doubles profits in 2011
LV has improved its combined operating ratio by 6.5% to 97.7% for its full year results for 2011 from 104.2% in 2010.
Hiscox says 92% fall in profit a 'good result'
Hiscox claimed that reporting a pre-tax profit down 92% to £17.3m (2010: £211.4m) was "a good result in the circumstances", as chairman Robert Hiscox announced he would complete one more year at the helm.
Chartis cuts underwriting losses
AIG’s insurance operation Chartis has chipped away it its underwriting losses cutting its combined ratio to 109% from 116.8% and turned in operating and pre-tax profits compared with losses in 2010.
Market outlook poll results
Is 2012 looking better than 2012?
Swiss Re reports $2.6bn profit despite nat cats hitting P&C combined ratio
Global reinsurer Swiss Re exceeded analyst expectations to report net income of $2.6bn for the full year 2011.
Kiln claims results show resilience
Tokio Marine's Kiln syndicates at Lloyd's has released the final results for its four non-aligned syndicates for the 2009 year of account, updated forecasts for the 2010 year of account and initial forecasts for the 2011 year of account.
AIA Group sees 13% increase in profit
AIA Group has reported a 13% rise in operating profit after tax for the year ended 30 November 2011 to $1922m.