• Lloyd’s first-half profit falls 28%

    • 10 September 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 £119bn, down from £165bn in the same period of 2014, despite turnover rising by 7 per cent The market’s combined operating ratio (COR) deteriorated by 21 percentage points to 895% (H1 2014: 874%) Gross [...]
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  • Co-operative makes general insurance loss

    • 4 September 2015
    • Posted by: Simon Wait
    • Category: News
    The Co-operative's general insurance division has reported a 45% fall in gross written premiums for the first half of 2015 The drop to £1803m from £1888m at the start of 2014 came as it declared an operating loss of £17m However, the insurer highlighted that it had incurred £173m of ‘transformation [...]
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  • Hastings post half year results

    • 27 August 2015
    • Posted by: Simon Wait
    • Category: News
    Hastings has posted an increase in GWP which hit £2827m for the first half of 2015 (H1 2014: £2272m) COR for the business also marginally improved moving from 904% to 90% while customer numbers increased 17% to 19m (H1 2014: 16m) Gary Hoffman, chief executive, commented, ‘These results are further proof of [...]
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