Financial / Results – Page 201
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NewsL&G GI premiums drop 4% in first quarter due to “disciplined pricing”
But direct business enjoys 16% boost
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NewsDirect Line chief hails ‘good start’ despite 0.9% GWP drop in Q1
Insurer achieved rate rises of 3.6% in personal motor
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NewsAon broking unit suffers 7% operating profit drop in Q1
Division achieves 3% organic growth but revenues drop 5% as exchange rates bite
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NewsCatlin delists from stock exchange as XL takeover takes effect
Money to transfer to shareholders on 15 May
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NewsMarsh parent’s Q1 broking profit rises 8% despite revenue dip
Division reports organic growth of 3%, which is offset by foreign currency movements
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NewsMoneysupermarket insurance revenue rises 12% in first quarter
Boost driven by ‘improvements to customer journey’
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NewsLancashire shareholders baulk at former chief’s retirement package
Nearly 30% of shareholders voted against the insurer’s remuneration report at AGM
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NewsSaga motor unit reports 77.9% COR and 37% profit growth
Company seeing ‘strong demand’ from insurers to join its motor panel
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NewsImprovement program restructuring costs Willis $31m in Q1 2015
The broker says it has also generated savings of $10m as a result of operational improvement program
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Online onlyAnalysis: Why have premiums been falling in home insurance?
But price increases could be around the corner as a hardening motor market drives insurer appetite for extra premium
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NewsMoody’s turns negative on Willis ratings over Gras Savoye plan
Willis planning to buy the remaining 70% of French broking group for €550m
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NewsLV= chief hails ‘strong start’ for GI unit despite flat Q1 premiums
Growth in commercial and other GWP offsets slump in home and motor
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Online onlyRSA's Hester facing investor backlash over pay
Investors have criticised the bonus paid to chief executive Stephen Hester as part of his long-term incentive package (LTIP)
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Online onlyBHS suppliers facing trade credit insurance cuts
Retailer has sought to reassure insurers by signing deals with two new suppliers
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Online onlyBGL founder tops insurance rich list with £700m wealth
Douw Steyn joins six other insurance names on the Sunday Times Rich List
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NewsGallagher broking profit rises 12% but group result halves in Q1
Broker spent $20.8m on acquisition integration in first quarter of 2015
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NewsAdmiral seizes on rule changes to scrap quarterly financial updates
FCA wants firms to concentrate on long term financial results
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NewsHomer joins Cullum's consolidator and targets £1bn GWP
Company looking to buy brokers and make new hires
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Online onlyInterview: How Cullum and Homer plan to settle ‘unfinished business’ at GRP
Ex-Towergate duo and GRP chief David Margrett reveal plans for consolidator
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NewsMore than £405m paid out for Independent Insurance claims - FSCS
FSCS is proposing a new scheme of arrangement
