Financial / Results – Page 208
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News
Zurich UK’s Dave Smith hails return to growth in 2014
General insurance business grows 2.2% after years of personal lines cutbacks
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Zurich UK’s combined ratio drops to 95.5% in 2014
UK general insurance operating profit increases 26%, group results show
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Ageas UK profit rises 11% thanks to life business sale
Sale gains and legal settlement proceeds mask lower profit in insurance and retail divisions
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Hedge fund Tosca sells 2.2 million Quindell shares
Investor makes £1.56m from sale as stake drops back below 5%
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RIAS founders target £50m GWP with new home insurance broker
Hampshire–based Intelligent Insurer will sell policies through aggregators, direct online sales and a UK contact centre
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Revenue fall in transport and real estate stunts Willis Insurance UK growth in Q4
Broking Group profit dips by 0.8% in full year 2014 as organic growth slips
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Towergate: Now the hard work begins
While takeover by unsecured creditors has put the troubled broker on the road to recovery, the new owners still face challenges, not least how to grow organically during the year ahead
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Catlin reports 13% boost to pre-tax profit
The insurer will also declare a special dividend of 12p per share following the sale of Insure the Box
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Davies expects to win 20 contracts this year after returning to profit
Garwyn acquisition contributed nearly £1m to underlying profit in 2014
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Aon creates new SME arm after merger
Aon Risk Solutions boss Jim Herbert says move will position broker for growth
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Towergate chairman hails unsecured creditors’ takeover deal
Certainty about future will allow unfinished transactions to be completed, says Alastair Lyons
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Towergate’s unsecured creditors strike deal to take control of broker
Highbridge, KKR and Sankaty will own 80.6% of company
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Aon broking profit rises 7% in 2014 as group enjoys 26% jump
But organic growth in broking slips back to 2% because of fall in reinsurance revenue
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Gallagher buys Maidstone MGA Evolution
Paul Upton (pictured) and his team will continue to run business
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Aspen results miss analysts’ expectations
Chief executive O’Kane says firm mantained discipline in January Reinsurance renewals
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Agenda
Briefing: How can the new owners clean up a troubled Towergate?
Once the dust over ownership has settled, Towergate has a list of woes that will need addressing to get it on the road to recovery
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American financial giant JP Morgan swoops for Towergate
JP Morgan arm leads pack of unsecured creditors primed to seize control
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Beazley profits hit by lower reserve releases
GWP improves but COR and pre-tax profits take a hit at the Lloyd’s insurer
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Agenda
Rising costs caused SSL Loss Adjuster collapse
Administrators report released into the failure of the Northampton-based business