Results – Page 9
-
NewsLancashire Holdings suffers financial loss in 2021 driven by natural catastrophe events
Despite having a poor year for returns, the group reached record breaking levels of gross written premium after investing in expanding its portfolio
-
NewsBeazley improves combined operating ratio by 16% in 2021 following pandemic recovery
Rate improvements in the cyber market and lower natural catastrophe losses have contributed to the business’ profit
-
NewsZurich UK returns to pre-pandemic level with £450m operating profit
The insurer has paid £2bn in claims across all UK business areas
-
NewsRomero Group grows income by 14.3% in 2021 despite hard market
The broker has also helped to settle £13m in Covid-19 business interruption claims
-
NewsGallagher’s UK operations see organic growth improve by 12% in Q4 2021
M&A activity alongside retaining, as well as gaining, new clients has contributed to the business’ growth
-
IT InterviewHowden Group aims to be new insurance industry ‘challenger’
The broking group plans to develop a ’lead position’ across continental Europe after now cementing its status as ’the new powerhouse in the UK market’, says chief executive
-
NewsHowden Group boosts revenue by 48% in 2021 thanks to organic growth uptick
The broker attributed its 2021 revenue uptick to organic growth fuelled by talent in the business
-
AnalysisGibraltar on the rise as underwriting performance improves on the Rock
Insurance DataLab unveils which lines of business are proving most profitable for Gibraltar-based insurers using its unique underwriting rating methodology
-
NewsBought By Many’s GWP doubles to £146m
By increasing its staff headcount and not putting employees on furlough, the business was able to cope with the pandemic pet boom
-
NewsArdonagh improves adjusted ebitda by 44.5% in first nine months of 2021
The broker has also spent £125m on acquisitions so far this year
-
NewsAgeas UK profits up but claims inflation returns to motor
The insurer will ‘remain disciplined’ in its approach to pricing following financial toll on motor, says chief executive
-
NewsDirect Line Group reports £857.1m GWP for 2021’s Q3
Chief executive says the insurer has made ‘strong progress’ so far this year and is ‘on track’ to meet the FCA’s upcoming pricing reform deadline
-
NewsBeazley reports GWP improvement of 29% for 2021’s Q3
Chief executive believes the insurer is in a ‘great position to capitalise’ on the ‘the opportunity in the cyber market’
-
NewsAxa’s P&C total revenue grows 5% in first nine months of 2021
The insurer’s quarter three financial update reveals commercial lines revenue growth of 7% in the nine months to 30 September 2021
-
NewsHastings Group reports £103m profit before tax in 2021’s Q3
Chief executive says the insurer is ‘well positioned to take advantage of upcoming market changes’ as it seeks to fulfil ambition of becoming ‘UK’s best and biggest digital insurance provider’
-
NewsHiscox has paid out 5,153 BI claims in first nine months of 2021
In his last quarterly trading statement as chief executive, Masojada describes the insurer as being in ‘good shape’
-
NewsGallagher’s net earnings up 22% in Q3 results as M&A ‘remains buoyant’
The broker predicts favourable revenue for Q4 if economic conditions improve following the Covid-19 pandemic
-
NewsWillis Re takeover ‘on track’ – Gallagher
The transaction, which is due to close in Q4, will see Gallagher buy Willis Re for $3.25bn
-
AnalysisProperty insurers fall to underwriting loss as Covid-19 and climate change hit hard
Business size affects insurers’ buoyancy in the property insurance market after 2020 brought business interruption claims and storm losses to firms’ doorsteps
-
NewsSeventeen Group reports 8.3% revenue growth amid Covid-19 pandemic
The broker’s strategic objectives remains to grow ‘both organically and through acquisition’
