Chaucer has said that all in house syndicate forecasts continue to show good improvement for the 2003 underwriting year, while the 2004 year remains on course to produce a third consecutive year of healthy underwriting profits despite hurricane losses.
The group's best estimate of its 2005 hurricane losses remains unchanged from the £52.5m hit on net profits for 2005 forecast on 4 November.
However, Chaucer remains confident in achieving significant overall premium rate increases in 2006.
The company said that this year's minority buy-out of names has increased Chaucer's underwriting interest in Syndicate 1084 to 93% for the 2006 year of account.
Including Syndicate 1176, the Group's total underwriting interests will be £427m for 2006, an increase of £55m or 15% on 2005's total of £372m.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
