interim results

Zurich has withdrawn its £5.6bn bid for rival firm RSA group after suffering losses in its general insurance business.

LV= will launch a business protection product, the insurer has announced as it revealed profits rose across its life business in the first half of 2015.

IRESS has seen it operating revenue in the UK increase by 4.1%, to £28.9m, while profits excluding Enterprise Lending were down 1.7% to £6.5m.

Royal London saw its protection intermediary new business volumes increase by 43% to £231m, the insurer's half year results have revealed.

Bupa UK has reported that its revenues increased in the first half of 2015, with UK revenue growing 3% to £1,375m, however underlying profit fell 10% to £55.4m, compared to 2014.

Zurich's UK Life business saw profits fall 17% to £55m for the first half of 2015 compared to the first half of 2014 however annualised premium equivalent rose 35% to £466m, the insurer's half year results have revealed.

Legal and General (L&G) saw their UK protection gross premiums grow 4% (£31m) while UK protection new business annual premiums declined by 3% (£4m) in the first half (H1) of 2015 compared to H1 2014.

AXA UK and Ireland has seen its revenue from healthcare rise by 7%, ahead of overall revenues across general insurance and healthcare which rose 5% to £2.1bn.

Swiss Re saw its net income increase 11% to $2.3bn in the first half of 2015, the reinsurer's second quarter results have revealed.

LV= has seen its protection sales increase by 50% in the first six months of 2015 with £144m of sales.