Chaucer was the latest insurer to report its finals this morning with a rise in pre-tax profit to £86m for the year to Dec 31 2006 from £11.9m a year earlier.

Gross written premiums rose 22% to £594m and the combined ratio increased to 81.1% from 103.3%.

Chaucer chairman Martin Gilbert described the company's outlook for this year as 'encouraging'.