Personal Lines articles – Page 108
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Online onlyEsure meets bankers for £2bn listing
Esure founder Peter Wood has met investment bankers to prepare for a listing next year, according to reports yesterday.Wood, who owns a 55% stake in Esure with the rest taken by private equity house Tosca Penta Investment, is keen to float Esure for around £2bn in the second half of ...
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Inside BrokingWinning an insurer agency: top 10 tips
Our broking experts reveal their secrets to success in an increasingly competitive market
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Online onlyAgeas UK returns to profit in Q1
Insurer Ageas UK made a profit before tax of £3.8m in the first quarter of 2011, compared with a loss of £3.2m in the same period last year.The insurer made a loss of £25m loss for the full 2010 year.The Q1 2011 result includes acquisition costs for Castle Cover, bought ...
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NewsBattle for RAC hots up as two new bidders emerge
Three known bidders go into second round for ‘underperforming’ RAC
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Online onlyAXA aims for top three in personal lines
Personal lines chief executive Steve Hardy reveals AXA's ambitious plans
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Online onlyInvestment returns cut Allianz profit by 6%
Allianz Insurance made an operating profit of £34.4m in Q1 2011, down 6% on the £36.7m it made in the same period last year.“The slight reduction in profit was largely driven by lower investment returns in the continued low interest rate environment,” said Allianz Insurance chief executive Andrew Torrance in ...
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Online onlyAllianz UK Q1 profit dips 5% as premiums rise
Allianz’s UK division made an operating profit of €40m (£35m) in the first quarter of 2011, down 5% on the €42m it made in the same period last year, according to the Allianz Group’s Q1 interim report.The Q1 2011 combined ratio was 97.1%, up slightly in Q1 2010’s 96.5%. The ...
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Online onlyRSA UK Q1 premiums up 9% despite cutbacks
RSA wrote £760m of net premium in the UK in Q1 2011, up 9% on Q1 2010 levels. The overall increase comes despite cuts in several business lines as the insurer pulled exited unprofitable business.RSA has also increased rates in all its main UK business segments.Personal lines net written premiums ...
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Online onlyBiba 2011: Jubilee launches broker trading platform
Portal will encompase accident, health and specialty products
