Cox off-loading blamed on profit slump
Cox chief executive, Andrew Fisher blamed a £15m fall in profits on the sale of non-core operations to create a more streamlined business model following the departure of his predecessor, Neil Utley.
The Lloyd's motor insurer reported a £13.7m profit on ordinary activities for the six months ended 30 June, down from £28.3m in 2003. It also announced the results of a review which will see it discontinue its broker guaranteeing arm (HML) and premium financing arm (Can Do Finance) and sell its
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected].
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on E-Trading
Videos/Podcasts
Insurance Covid-Cast: How has staff productivity been impacted by remote working?
For the 35th episode of Post and Insurance Age’s video series we gathered together a panel of senior insurance managers to discuss how productive staff have been since Covid-19 lockdown, and whether it has changed as restrictions have eased?
Subscribe to our daily newsletter for all the latest news
Most read
- Mulsanne accuses Marshmallow of stealing trade secrets in court battle
- Acturis partners with the RAC for breakdown cover
- GRP spent £60m on 18 deals in 2020
- Interview: A niche focus
- Ethos Broking buys London-based Chambers and Newman
- Clear targets net zero carbon emissions by 2030
- Aston Lark buys DNA Insurance