All Finance articles – Page 30
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News'Personal lines are propping up results'
Insurers have made a good start to the year, but realistic pricing in commercial lines will enable a better second half
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NewsAviva most exposed to European debt crisis
Analyst says Aviva is the only UK insurer where exposure is material
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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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Online onlyAllianz UK H1 profit dips and COR rises
Allianz UK saw its profit fall 2% in the first half of 2011, Allianz’s group accounts reveal.Allianz’s UK operating profit was €89m (£77.5m) in the first half of 2011 compared with €91m in last year’s first half. The company’s first half combined ratio was 96.2% - 0.9 points worse than ...
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Online onlyRBSI posts £206m H1 profit, but 103% COR
Royal Bank of Scotland Insurance (RBSI) made an operating profit of £206m in the first half of 2011, compared with a £253m loss in the same period last year.However, a reduction in earned premiums resulted in the firm posting a loss-making combined ratio of 103%, though this is a large ...
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Online onlyPersonal lines rescues RSA’s underwriting result
RSA’s UK business made an underwriting profit of £8m in the first half of 2011, as personal lines profits offset commercial lines losses.This was an improvement over the £2m profit made in the first half of last year.The personal lines underwriting result almost doubled to £27m, which RSA attributed to ...
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Online onlyAXA UK’s underwriting breaks even in H1
AXA UK has reported a current-year combined ratio of 100% for the first half of 2011, indicating that the insurer’s underwriting has moved to a break-even position from a loss-making one.The ratio is a 2.1 percentage point improvement over the 102.1% ratio AXA UK posted at the half-year point in ...
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NewsLV= profits rise but BI claims continue to bite
Insurer benefited from competitors’ renewal premium hikes as customers shop around
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