Personall Lines – Page 86
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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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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
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Online onlyAXA's UK revenues up after 6.8% rate rises
AXA’s UK and Ireland general insurance business posted IFRS revenues of €916m in the first quarter of 2011, up 6% on the €862m it made in the same period last year.The company put through general insurance rate increases of 10.4% in personal lines during the quarter and 2.2% in commercial ...
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Breaking NewsPrime minister slams ECJ ruling
David Cameron says "loony left is still alive and well" in the UK
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Online onlyRSA buys Oak Underwriting
RSA buys broker-only underwriting agency to become a top three player in high net worth
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Online onlyLMA warns on broker remuneration
Lloyd's Market Association takes legal advice as London market brokers aim for controversial commission increases
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IT InvestigatesInvestigation: The future for RBS Insurance
A key source believes the business will be unlikely to float more than half at the first attempt
