Company results
AM Best confirms RSA's A rating
AM Best has affirmed the A (Excellent) financial strength rating and 'a' issuer credit ratings of the main UK operating subsidiaries of RSA Insurance Group.
Lloyds bank puts £3.2bn price tag on PPI
Lloyds Banking Group has reported insurance premium income of £8170m (2010: £8148m) with claims of £6041m (2010: £19 088m) but said payment protection insurance provision had cost it £3.2bn.
No extra money to be spent on RBSI rebrand
The insurer is making sure it is in "good shape" as it waits on the group to work out the exact nature of its divestment.
IAG reports loss of $7m for H1 2012, as CEO hails improvement
Insurance Australia Group has reported that its UK arm made an underwriting loss of Au$7m for the six months to 31 December 2011.
Allianz revenues down 2.7% to €103.6bn
German general insurer Allianz reported a 2.7% reduction in revenues for the full year 2011, down to €103.6bn from €106.5bn in 2010.
RSA's Brown promises regional appetite while outlining commercial motor future
A 10% reduction in premiums within the regions "in no way shape or form" translates to a reduction in appetite at RSA, according to the firm's UK chief executive.
RSA reports 58% increase in underwriting result to £375m
General insurer RSA reported a 58% increase in the underwriting result to £375m for the full year 2011, attributed partly to the successful growth of overseas operations.
Allianz UK operating profit improves as group net income impacted by Greek debt
Allianz has reported that its UK business logged gross written premiums as stated of €534m in 2011 (2010: €485m).
Lancashire CEO Brindle "cautiously optimistic" for 2012 after $219m year end profit
Lancashire has reported an 8.2%, or $56.8m, drop in gross written premium to $632.3m in 2011.
Swiss Re P&C operating income halves despite $1.3bn reserve releases
Swiss Re has seen its property and casualty operating income almost halved in 2011 to US$1.28bn (US$2.47bn).
RSA UK back-in-black, but commercial hit by "drag" of three-year fleet deal
RSA has reported a 6% rise in UK premiums to £3.1bn in 2011 and an underwriting profit of £40m (2010: £95m loss).
RBSI reports £749m turnaround in profit in 2011, as it sheds 1.3m policies
Royal Bank of Scotland has reported an operating profit of £454m in 2011, compared with a loss of £295m in 2010. Its new underwriting profit was up from £307m to £1.04bn.
Willis makes u-turn over contingent commissions as profits tumble
Broker stresses new stance does not have an impact on most business.
Suncorp reports commercial rates hike of 9.3% as reinsurance costs jump
Suncorp Group has reported net profit after tax of Au$389m (£263m) for the half year to 31 December 2011, up from Au$223m in the prior corresponding period.
Suncorp reports commercial rates hike of 9.3% as reinsurance costs jump
Suncorp Group has reported net profit after tax of Au$389m (£263m)for the half year to 31 December 2011, up from Au$223m in the prior corresponding period.
HCC COR jumps to 90.8%
The full year results for HCC Insurance Holdings show net written premium up to $2.2m (2010 : $2m).
First Insurance reports 25% premium growth
Jordan-based takaful provider First Insurance Cpany reported premium growth of 25% in its full year results for 2011.
Crawford & Company posts record annual revenue despite Q4 slump
Crawford & Company has today reported annual revenue before reimbursements of $1.125bn (£709m), while net income attributable to shareholders increased by 60% to $45.5m (£28.7m) over the course of 2011.
Smith: Ageas saw "a step change"
Ageas boss Barry Smith has told Post that high street provincial brokers provided the biggest boost to business last year, with broker business growing by as much as 20%.
Tesco deal gives Ageas a record year
Ageas UK cited organic growth and its new Tesco business for a near 70% boost to its premium income for 2011 to £1,979.5m and a record profit of £105m compared with a loss of nearly £25m in the previous year.
Zurich's motor product to be rolled out on remaining aggregators "as soon as practically possible"
This follows the launch in December 2010 of a new online motor insurance product available direct via Zurich's website and through Confused.
Axa reports 2% rise in underlying earnings
Axa has reported underlying earnings in 2011 of €3.9bn – a 2% rise on 2010.
Zurich reports $256m (£163m) UK operating profit
Zurich's UK general insurance business combined ratio improved 2.7% to 97%.
Zurich sees 19% drop in GI profits after US$1bn cat losses in 2011
Zurich recorded a general insurance business operating profit of US$2.3bn in 2011, a decrease of US$403m or by 15% in US dollar terms and 19% on a local currency basis.