MMA Insurance has failed to achieve its fundamental objective of underwriting profitability.
The insurers 2002 results show that the company did not improve its operating ratio of 101% - at a time when many insurers have been enjoying significant improvements. Its operating profit also fell by £1.8m to £7.3m.
The company's gross written premium increased by 17% to £190.8m, and its expense ratio fell to 7.5% from 8.3% in 2001.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.





































