Latest News – Page 1322
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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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