Company results
RSA sees underwriting profit shoot up as combined ratio improves
RSA’s underwriting profit almost doubled in 2024, hitting £172m, up from £90m in 2023, the insurer’s parent company, Intact, has reported.
WTW delivers 8% organic growth in broking
WTW has revealed 8% organic growth in its risk and broking division for 2024 as the unit’s revenue rose to $4.04bn (£3.23bn) for the year.
Gallagher revenues top $11bn
Arthur J. Gallagher has revealed a near $1.5bn (£1.21bn) leap in revenue for 2024 driven by acquisitions and organic growth.
Aon maintains commercial organic growth at 5%
Aon has posted 5% organic revenue growth in its commercial risk solutions division for last year, the same as achieved in 2023.
Marsh revenue rises 8% in 2024
Marsh has again posted an 8% annual revenue rise, with the total reaching $12.54bn (£10.06bn) in 2024.
Circle expands again in 2024 financial year
Circle 1991, the holding company for Circle Insurance Services, grew turnover by 4.8% in the year ended 30 April 2024, a Companies House filing has revealed.
Partners& close to breaking even as turnover jumps £10m
Partners& has reported a pre-tax deficit of £55,954 for the financial year to March 2024, as it slashed losses again.
Organic growth and deals boost Bspoke to over £13m turnover
Bspoke achieved organic income growth of over 30% on established business in the year ended 30 March 2024, chief commercial officer Ryan Gill has confirmed to Insurance Age as turnover topped £13m.
Caravan Guard profits and turnover grow for 2024
Halifax-based Caravan Guard has reported a 9.9% increase in profits before tax to £3.99m for the year ended 31 March 2024.
SRG details acquisition spend in run-up to PE deal
Specialist Risk Investments, bought by Warburg Pincus and Temasek last year, spent over £65m on deals in 2023 and has detailed subsequent outlays.
JMG purchase costs drop to £19.6m in 2023/24
JMG Group spent £19.63m on acquisitions in the year ending 31 March 2024, settling the bulk of the bill in cash.
Turnover and profit flat at Kelliher in 2023
Kelliher Insurance Group has posted £16.54m of turnover and £854,121 of pre-tax profit for 2023.
Jensten deal spend £119m in 2023/24
Jensten spent £119.35m on acquisitions in the year ended 31 March 2024, adding to investments of £73.3m and £36.2m in the previous two years.
W Denis boosts profits in 2024
Top 100 UK broker W Denis grew post-tax profit by 53% to £1.13m in the year ended 30 June 2024.
Investments bring downward pressure on profits at Bridge for 2024
Bridge Insurance Brokers has reported a drop in profits for the year ended 31 March 2024 as turnover fell 3% year-on-year.
DLG to cut 550 jobs as it targets £100m of savings
Direct Line Group has started consultations with staff as part of a proposed reduction of about 550 roles, it announced today.
Broker deals help push Hiscox to 4.5% UK growth
Hiscox has revealed 4.5% growth in written premiums to £504.2m for the first nine months of 2024 as it topped over half a million customers.
Policy Expert owner Qmetric swings back to operating profit
Qmetric, which trades as personal lines specialist Policy Expert, returned to operating profit and pushed Ebitda into the black last financial year with turnover and customer numbers rising.
Complete Cover lost £1.7m in run-up to run-off
Complete Cover Group lost £1.68m in 2023 with turnover tumbling to £2.7m ahead of the car and van specialist broker going into run-off.
Across the board uplifts at Avantia
Avantia Insurance delivered double digit increases in turnover and post-tax profits in 2023, repeating the achievements of previous years.
DR&P deals costs revealed in run-up to BMS sale
DR&P spent more than £12m on five acquisitions in the financial year ahead of selling up to BMS, filings at Companies House have revealed.