• Lloyd’s first-half profit falls 28%
    • 10/09/2015
    • Posted by: Simon Wait
    • Category: News
    Lloyd’s of London saw its profits fall 28 per cent in the first half of the year. Profits came in at £1.19bn, down from £1.65bn in the same period of 2014, despite turnover rising by 7 per cent. The market’s combined operating ratio (COR) deteriorated by 2.1 percentage points to 89.5% (H1 2014: [...]
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  • Co-operative makes general insurance loss
    • 04/09/2015
    • Posted by: Simon Wait
    • Category: News
    The Co-operative's general insurance division has reported a 4.5% fall in gross written premiums for the first half of 2015. The drop to £180.3m from £188.8m at the start of 2014 came as it declared an operating loss of £17m. However, the insurer highlighted that it had incurred £17.3m of ‘transformation [...]
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  • Hastings post half year results
    • 27/08/2015
    • Posted by: Simon Wait
    • Category: News
    Hastings has posted an increase in GWP which hit £282.7m for the first half of 2015 (H1 2014: £227.2m). COR for the business also marginally improved moving from 90.4% to 90% while customer numbers increased 17% to 1.9m (H1 2014: 1.6m). Gary Hoffman, chief executive, commented, ‘These results are further [...]
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