Personall Lines – Page 81
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Online onlyLower reserve releases cut Allianz UK profit
Allianz UK made a first-half 2011 operating profit of £77.5m, down 1% on the £78.4m it made in last year’s first half.The company attributed the drop to lower reserve releases from prior years during 2011.Allianz’s combined ratio increased slightly to 96.1% from 95.3%. However, chief executive Andrew Torrance hailed the ...
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Online only
Seven-fold rise in motor insurance fines
The volume of motor insurance fines has increased more than seven-fold since 2005, according to new figures. Junior Home Office minister James Brokenshire informed Labour backbench MP Chris Ruane in a written parliamentary answer, issued last week, that the number of fixed penalty notices issued for vehicle insurance offences climbed ...
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