Financial / Results – Page 202
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NewsAA broking division’s trading profit drops 6% as revenue falls
Trading EBITDA followed decline in revenue driven by fall in policy numbers
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NewsAA plans £935m refinancing and new insurance underwriter
New money to pay down debt inherited under previous private equity owners
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NewsEcclesiastical UK posts flat underwriting profit at £9.8m amid improved COR
But group returns to underwriting profit of £9.2m from an £8.2m loss – the best for five years.
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NewsERS puts 380 jobs at redundancy risk as it closes Brentwood HQ
Chief executive Ian Parker insists move is not about cost-cutting as group headcount will grow by 28
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NewsBerkeley pre-tax profits fall 77.5% amid refinancing and acquisition costs
But broker expects to see profit levels rise significantly in 2015 driven by growth in construction sector
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NewsJLT chief Dominic Burke’s pay drops 22% in 2014
But chief executive in line for 5% base salary increase in 2015
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Online onlyAnalysis: Insurance salaries set for take-off
Demand for insurance staff is rocketing as the economy improves and pay packets are expected to follow suit – for the right employees
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Online onlyDLG's Geddes takes home £4.6m as earnings shoot up 84%
Chief executive benefited from a £2.7m pay out under the insurer’s long-term investment plan
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NewsLarge claims and Solvency II force Gibraltar insurer to close doors
Chairman tells Insurance Times insurer considered MGA conversion and sale but decided to shut
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NewsBiba launches new service to help members access funding
Biba has partnered with Integritas to advise members on how to secure the right financial package for their businessBiba has launched a new funding facility with finance brokers Integritas to help members get access to funding. Integritas will advise Biba members on how to secure the right financial package ...
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NewsRSA’s Stephen Hester paid £2.1m in first year
Chief executive missed out on bigger bonus because of RSA’s financial performance
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NewsStephen Catlin gets 43% pay rise after ‘superior performance’
Lloyd’s insurer’s finance chief Benjamin Meuli also rewarded with 45% rise
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Online onlyQBE consolidates its grip as largest player in solicitors' PI market
Endurance Worldwide is the biggest new entrant
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NewsBriefing: Why Marsh, Gallagher, Towergate and Brightside are the names to watch in 2015
Acquisitions, people troubles and financial performance are the issues to watch for these brokers
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Online onlyThe Knowledge - Expert View: Commercial lines – broker-insurer collaboration
Richard Coleman managing director, commercial broker, Zurich UK talks about his optimism for commercial lines brokers in 2015 and how regulation will have a big part to play in the fortunes of the broker market
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NewsAXA’s Amanda Blanc targeting 95% COR for her division
Insurer unveils new five-year plan for its Commercial Lines and Personal Intermediary unit
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Online onlyAXA targets mid-market growth in 10 sectors
Insurer will move more micro-SME business online to facilitate the growth
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Online onlyAXA launches £5m fund for regional brokers
Premier Partners club initiative designed to support insurer’s growth in the mid-market space
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Online onlyCharles Taylor in £30.6m rights issue
Funds will be injected into the company’s acquisitions war chest
