Chaucer profits soar
Chaucer, the Lloyd's insurer, has seen profit before tax soar to £86m in 2006, an increase of £74.1m. Gross written premiums also rose by more than £100m from £484.2m to £594m in 2006, with the company's combined ratio falling by around 22% to 81.1%. Ewen Gilmour, Chaucer chief executive, said: "2006 was an exceptional year."
Groupama reports rise
Groupama Insurance saw profits rise for a fourth successive year to nearly £34m in 2006. Pre-tax profits rose by over 5% to £33.8m, from £32.1m in the previous year. Revenues increased by over 19% to £412.5m, while the combined ratio remained stable at 98.8%.