Financial Ratings – Page 135
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JLT records organic growth of 8.5%
Broking business brings in revenues of £723.9m, up 7%
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Allianz UK operating profit up 5.6%
Chief executive Dye warns of commercial rate increase slow-down
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Amlin UK’s underwriting profit drops 89%
But company expects UK unit to benefit from continuing fleet motor rate rises
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Deafness claims push RSA’s UK commercial liability COR to 140%
Overall UK COR up 0.4 points after hits from weather, liability and motor
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Helphire increases profits to £4.2m
And the CHC announces acquisition of legal firm New Law
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Direct Line beats 2013 COR target thanks to reserve releases
COR improves to 96.1% and profit rises 15% despite £82m of weather claims
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QBE Europe’s profit drops 41% as group makes loss
Group chief executive Neal “disappointed” as North American woes hit result
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Oval profits up 19% on big client wins
Chief executive Blanc ‘really grateful’ for group focus in face of sale talks
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AXA UK returns to underwriting profit despite reserve hike
COR improves to 98.9% but revenues drop 1% because of selective underwriting
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HomeServe expects before-tax profit of £84m
Home emergency broker says full-year results will be in line with expectations despite last month’s FCA fine
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Quindell expects revenues to jump 300%
And the outsourcing specialist is in negotiations for £300m of new business for 2014
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Moneysupermarket expects 10% increase in revenues
Aggregator also forecasting 26% increase to EBITDA
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Towergate suffers 3% EBITDA drop in year to date
Towergate Underwriting and Broker Network drag broking group’s profitability down
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AXA UK revenue falls 6% as unprofitable broker exits continue
AXA diversifying its personal lines distribution into other areas
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CGSC’s Esser outlines M&A plans after ‘steady’ 2012
Chief executive admits he missed out on Towers Watson purchase, but has more in his sights
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Ingenie on track for 2013 profit after loss last year
Telematics start-up recorded £1.3m loss in development year