Allianz CEO Jon Dye not worried by COR above 100%
Dye says Allianz group position is UK is better off in Europe.
Allianz UK chief executive officer Jon Dye acknowledged the insurer's combined operating ratio (COR) had risen above 100% for the first time in a decade after the firm released its 2015 results.
The company posted a COR of 102.6% for last year compared with 97.6% in 2014 while the corresponding profit figures were £41.3m which decreased by 71% from £143.4m.
Allianz attributed the deterioration in its performance to storms Desmond, Eva and Frank in December which it said will cost the insurer
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