And also this week...
Revenue boost for Ai
Ai Claims Solutions reported a 37% increase in revenue to £55.7m for the first six months of 2009, from the £40.8m it made in the same period last year. The group said the boost was down to growth in its vehicle replacement and repair services. EBITDA (earnings before interest, taxes, depreciation, and amortisation) increased to £3.03m from the £2.9m the group reported in 2008. Adjusted profit before taxation was down slightly to £2.0m from the £2.2m reported in 2008.
Key Antur appointments
Antur Insurance has appointed David Roberts as its new managing director. Roberts joins new corporate director Richard Brice as part of the Welsh broker. Chairman John Knox said the two appointments would help the firm consolidate and push on with plans to double its size in the next five years. It currently has around £14m gross written premium and seven offices across Wales.
Lloyd’s mid-year results
Lloyd’s of London announces its mid-year results today. It is expected to improve on its results last year, which were hampered by the losses from hurricanes Gustav and Ike. Lloyd’s will aim to improve on its combined operating ratio stable, which recorded as 89% for the first six months of last year.