Allianz's Torrance "content" with Q1 results as liability remains a concern
Allianz’s UK chief executive has praised the insurer’s "encouraging" first quarter results.
Mr Torrance stated: “This is the 41st consecutive quarter in which I’ve been able to report a sub-100% COR.”
He added that the results “stack up very strongly compared with other UK insurers”.
With regard to the commercial division, he said: “Leaving aside liability, I’m quite content with where we are on rate strength.”
Mr Torrance explained that liability remained a problem: “In the past there has been the ability to make investment returns on liability.
“People [still] think you can afford to
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