Chaucer said net profit fell to £23.5m for the first half of 2006 against £35.8m for the same period in 2005.
Chaucer's gross written premiums increased by 26% to £331.8m.
But the specialist Lloyd's insurer's combined ratio declined from 80.9% to 85%.
Ewen Gilmour, Chaucer's chief executive, commented: “Our first half performance provides a strong base from which we aim to achieve another good full year return as we benefit from greater business volumes and reduced Gulf exposures.”
Gilmour added: “I am delighted with Chaucer's progress to date and am confident this will be further enhanced in 2007 by a good underwriting environment, our growing capacity base and continuing initiatives to build the business."
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
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.
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.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
