Company results
German non-life sector remains stable, according to Fitch
The outlook for the German non-life insurance sector remains stable, according to a new report from Fitch ratings service.
Cobra records £1.7m full year loss
Insurance broker Cobra has announced a pre-tax loss of £1.74m including a goodwill impairment charge of £1.5m for 2010/2011.
Helphire board change over £29m error
Helphire board bosses have quit after shocking results saw pre-tax losses more than double to £34.1m.
Top 100 UK insurers supplement: Steadying the ship
After a tough 2009, the top insurers have managed to maintain GWP levels in 2010 but snapping at their heels are a few new entrants doing their best to prove there is still money to be made in general insurance.
Top 100 UK insurers supplement: Referral fees roundtable: The hot potato
With barely a day going by without another opinion voiced on the adverse effects of referral fees, our panel of industry experts debated their contribution to cost inflation and the bigger issues*
AM Best maintains stable outlook for UK non-life industry
AM Best is maintaining a stable outlook for the UK non-life industry, despite diminishing reserve redundancies and the uncertain economic climate.
Ai Claims profits up 38%
Motor claims management firm, Ai Claims, has reported a profit after tax of £2.7m in the year to 30 June 2011 - up 38% on the £1.9m it made the previous financial year.
Tawa reports $110m profit
Tawa has announced interim results for the six months ended 30 June 2011 showing profit for the half year of $11.0m (2010: $1.4 million).
Interview - Matthew Reed: The challenge is everything
With insurance as his third career, Matthew Reed, Axa Commercial’s managing director of intermediary and direct, has risen rapidly up the ranks. Amy Ellis finds out how previous experiences have invested him with the determination to turn the insurer…
Lloyd's to only take on "inherently profitable" business plans
Lloyd’s has denied coming down harder on underwriters to write reasonably priced risks but admitted it will be more difficult to convince the market of profitable business plans.
Lloyd’s announces £697m interim loss
Lloyd’s made an interim loss before tax of £697m for the six-month period ending 30 June 2011, in what is already likely to be the second most expensive year ever for insurers.
Lloyd's losses to exceed £1.5bn in first half year
Lloyd’s’ overall loss for the first half year could exceed £1.5bn, according to predictions by accountants Mazars.
Brightside’s H1 pre-tax profit up 80%
Broking group Brightside has reported half-year revenue up 50% to £39.8m (2010: £26.6m) and pre-tax profit up 80% to £7.2m (2010: £4.0m) on the back of its buyout of eCar and eBike.
Admiral reiterates referral fee stance
In light of the government's ban on referral fees, Admiral has declared that it does not sell customer data.
Reinsurers' capital recovers after cat losses
Total global reinsurer capital for the world’s 28 leading reinsurers has reached $445 according to the latest market figures.
Markel International A+ rating affirmed
Markel International Insurance Company and its syndicate 3000 have had their financial strength rating of A (Excellent) and issuer credit rating of a+ affirmed.
Lloyd’s heading for tough times as catastrophe losses hit profits
Lloyd’s first half-year results will be adversely affected by this year’s “unprecedented” level of catastrophes and could see its combined operating ratio hit 100% for the first time in six years, according to market observers.
Interview - Jon Hancock: Getting under the skin
As UK commercial managing director for RSA, Jon Hancock is on a mission to find out what brokers really think of the insurer
Strong European performance helps Coface H1 results
Credit insurer Coface group has reported robust results for the first half of 2011, which the firm said confirms its financial recovery, and vindicates the decision to refocus its credit insurance in March this year.
Austrian insurer Vienna Insurance Group to merge Polish subsidiaries
Austrian insurer, The Vienna Insurance Group, intends to increase its sales power in the Polish non-life market by merging the companies Inter Risk and PZM.
Swiss insurer Helvetia sees profits up 8.7%
Swiss insurer the Helvetia Group has reported increased profits of 8.7% for the first six months of 2011 compared to 2010.
Generali Deutschland expected to grow above market average
Generali Deutschland Holding AG and its main subsidiaries have received financial strength rating of A+ (Superior) and issuer credit ratings of “aa-”.
Randall & Quilter's H1 profits fall
Run off experts Randall & Quilter has reported half-year income up 17% to £18.8m (£16.1) but saw its pre-tax profit plummet to £3m from £5.8m.
Abbey profits rise despite ATE drop
Legal and professional fees insurer Abbey Protection has announced half year results showing revenue and pre-tax profit up 6% with revenue at £18.3m (H1 2010: £17.3) and pre-tax profit at £5.0m (£4.7m).