Latest News – Page 1266
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Online onlyAllianz UK H1 profit dips and COR rises
Allianz UK saw its profit fall 2% in the first half of 2011, Allianz’s group accounts reveal.Allianz’s UK operating profit was €89m (£77.5m) in the first half of 2011 compared with €91m in last year’s first half. The company’s first half combined ratio was 96.2% - 0.9 points worse than ...
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Online onlyRBSI posts £206m H1 profit, but 103% COR
Royal Bank of Scotland Insurance (RBSI) made an operating profit of £206m in the first half of 2011, compared with a £253m loss in the same period last year.However, a reduction in earned premiums resulted in the firm posting a loss-making combined ratio of 103%, though this is a large ...
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Online onlyPersonal lines rescues RSA’s underwriting result
RSA’s UK business made an underwriting profit of £8m in the first half of 2011, as personal lines profits offset commercial lines losses.This was an improvement over the £2m profit made in the first half of last year.The personal lines underwriting result almost doubled to £27m, which RSA attributed to ...
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Online onlyAXA UK’s underwriting breaks even in H1
AXA UK has reported a current-year combined ratio of 100% for the first half of 2011, indicating that the insurer’s underwriting has moved to a break-even position from a loss-making one.The ratio is a 2.1 percentage point improvement over the 102.1% ratio AXA UK posted at the half-year point in ...
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Online onlyRSA chief Andy Haste steps down
RSA group chief executive Andy Haste will step down at the end of this year after eight years leading the insurer.He will be replaced by Simon Lee, currently chief executive of RSA’s international business.“It has been a hard decision to leave but now is the right time for me to ...
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