All Online only articles – Page 246
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Online onlyBluefin to cull agency relationships
Broking giant Bluefin is to cut its 462 agencies and create bigger books with fewer partners.Bluefin will also aim to increase its commercial book with AXA to help the French insurer increase gross written premium from £800m to £1.2bn by 2015.Chief executive Stuart Reid said: “We are going to have ...
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Online onlyLower reserve releases cut Allianz UK profit
Allianz UK made a first-half 2011 operating profit of £77.5m, down 1% on the £78.4m it made in last year’s first half.The company attributed the drop to lower reserve releases from prior years during 2011.Allianz’s combined ratio increased slightly to 96.1% from 95.3%. However, chief executive Andrew Torrance hailed the ...
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Online onlyRevamped motor helps boost Zurich UK profits 19%
Swiss insurer Zurich’s UK general insurance business made an operating profit of $115m (£70.8m) in the first half of 2011,up 18.6% on the $97m it made in last year’s first half.The division also posted a strong improvement in underwriting profitability to $22m (H1 2010: $4m). The UK general insurance combined ...
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