Chaucer has announced a pre-tax profit of £15m for the six months to 30 June 2003.
This compared to a loss of £400,000 for the same period in 2002.
Gross written premium increased 31.8% to £201.2m, while the combined ratio stood at 83.3%.
Motor Syndicate 587 is expected to make a profit of between 9% and16% on a capacity of £90m.
Marine Syndicate 1084 is expected to make a profit of 7.5%-15% on a capacity of £82.4m. Non-marine Syndicate 1096 is expected to make a profit of 12.5%-20% on a capacity of £148.4m.
Earlier this year, Chaucer announced plans to merge syndicates 587, 1084 and 1096 for the 2004 year of account. The new merged Syndicate 1084 will have a capacity of £400.2m.
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.
