Insurer News – Page 458
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Online onlyRSA UK Q1 premiums up 9% despite cutbacks
RSA wrote £760m of net premium in the UK in Q1 2011, up 9% on Q1 2010 levels. The overall increase comes despite cuts in several business lines as the insurer pulled exited unprofitable business.RSA has also increased rates in all its main UK business segments.Personal lines net written premiums ...
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Online onlyRBSI profits in Q1 but COR still above 100%
Royal Bank of Scotland Insurance (RBSI) made an operating profit of £67m in the first quarter of 2011 compared with a £50m loss in the same period last year.However, the company is still losing money from underwriting – though less than previous quarters. Its combined operating ratio for the quarter ...
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Online onlyAXA's UK revenues up after 6.8% rate rises
AXA’s UK and Ireland general insurance business posted IFRS revenues of €916m in the first quarter of 2011, up 6% on the €862m it made in the same period last year.The company put through general insurance rate increases of 10.4% in personal lines during the quarter and 2.2% in commercial ...
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Breaking NewsPrime minister slams ECJ ruling
David Cameron says "loony left is still alive and well" in the UK
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