Results – Page 119
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Online onlyAdvent Solutions sells 40% stake to Abbey International Finance
Advent hope the increased capital will help it strengthen its delegated authority arm
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News'RSA can perform well on its own under new guise' – Stephen Hester
Hester says RSA’s half-year results is evidence that insurer’s turn-around is paying off
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NewsQuindell share price drops sharply as trading resumes
Insurance outsourcer’s trading suspension lifted this morning
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NewsAviva UK GI profit drops 11% despite 93.2% COR
Insurer had to strengthen reserves in UK personal lines
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NewsRSA reports ‘best UK underwriting results since 2006’
Overall 94.4% UK COR achieved despite 113.6% motor ratio
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NewsZurich group GI profit dragged down by large UK losses
Combined operating ratio also deteriorated by 2.6 percentage points to 98.3%
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NewsQuindell restatement is 'biggest ever' - Richard Rose
Quindell has revealed pre-tax losses of £238m for 2014
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Online onlyUK GI broking market shows 2.5% year on year drop in value
The study, conducted by Finaccord, predicts a future decline in value
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NewsQuindell overstated 2013 PSD profits by £145m
Insurance outsourcer would have overstated 2014 PSD profit by £312m under old accounting methods
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Online onlyPen secures capacity deal with QIC Europe
QIC will provide capacity for Pen’s solicitors PI products
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NewsForeign exchange losses depress Novae profit
First half pre-tax profit down 21%, but underlying profit rises 28% and COR improves to 89.8%
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Online onlyDirect Line share price at record high after strong results
Shares boosted by 49% rise in first half pre-tax profit
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NewsAgeas UK profit up 17% thanks to good weather and commercial lines
But motor COR edges above 100% because of higher claims frequency
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NewsAXA’s Paul Evans: Insurers face ‘headache’ over soft home rates
Insurer’s home revenues fell 6% in first half because of growing competition
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NewsExor sees off AXIS to buy PartnerRe for $6bn
AXIS will receive a $315m break-up fee from PartnerRe as a result of merger agreement being terminated
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NewsOval/Giles integration costs Gallagher £16m in H1
Consolidation of UK offices, technology costs, onboarding of over 3,700 employees are included in costs
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Online onlyKPMG parachuted into Gallagher for FCA investigation
Gallagher also involved in US tax probe into captive set up
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Online onlyCounty Insurance buys broker and announces ambitious growth plans
Broker says refinancing opens way to further growth through acquisitions
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NewsIronshore under negative review by AM Best after Fosun deal
Ratings agency review reflects concerns over Chinese company’s credit profile
