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Torus: underwriting profits return for first time since 2009

Torus' confidence that it will hold on to its vital A- AM Best rating has been further boosted by an imminent announcement that says it posted a slender profit in 2014, reversing an eye-watering $74mn net loss for the previous year

03 March 2015
Marcia to cost Suncorp A$120mn-A$150mn

Australian carrier Suncorp has issued an update on the impact of Tropical Cyclone Marcia, which struck the Queensland coast as a Category 5 storm last month.

Himal Patel, 03 March 2015
Allied World announces director retirement

Allied World has announced that Scott Hunter is to retire from its board of directors after almost a decade, during which he has served as chair and co-chair of the carrier's audit committee.

Dan Ascher, 03 March 2015
Direct Line profits up, but market pressures predicted

Major UK motor insurer Direct Line reported a pre-tax profit increase of more than 10 percent to £456.8mn in its full-year preliminary results today (3 March) and an improved combined ratio of 95 percent

Charlie Thomas, 03 March 2015
JLT tries to reassure on US expansion as profits rise

London-listed broker JLT reported solid results on 3 March, with organic revenue growth at 6 percent and underlying pre-tax profits up 3 percent to £183mn.

Charlie Thomas, 03 March 2015
Enstar reports 2.4% increase in net profits to $214mn

Legacy-to-live carrier Enstar Group has reported full-year 2014 net profits up 2.4 percent from $208.6mn to $213.7mn.

David Bull, 03 March 2015
Hyperion seals £400mn+ RK Harrison acquisition

Independent insurance distribution group Hyperion has struck a cash-and-paper deal that will see it acquire respected London market broker RK Harrison for around £400mn-£420mn ($616mn-$632mn), The Insurance Insider can reveal.

Adam McNestrie, 02 March 2015
R&Q completes marine sale to Hiscox for $9mn

Legacy-to-live insurance services company Randall & Quilter (R&Q) has completed the previously announced sale of its marine services managing general agency (MGA) to Hiscox for £9.25mn.

Dan Ascher, 02 March 2015
THB hires former Howden energy team

THB has hired a new energy team from rival Howden in a bid to enhance its specialist skills, the international and Lloyd's broker said today (2 March)

Jenny Messenger, 02 March 2015
GWP up 3.2%, but profits fall for Hiscox

Hiscox reported a 5.5 percent drop in group profits for 2014, despite record profit levels from its UK and European retail businesses and a solid result from its reinsurance and London market divisions.

Charlie Thomas, 02 March 2015

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