Norwich Union records profit in personal lines market

In the personal lines market, Norwich Union (NU) recorded an overall £26m profit (2003: £24m loss) on net written premiums of £3.2bn (2003: £2.99bn) and an improved combined operating ratio of 100% (2003: 101%).

This has been assisted by claims cost savings in the insurer's supply chain. This amounted to an increase of £55m across its UK portfolio, as well as small premium increases of 1% for homeowners and 2% in motor.

Following the closure of Hill House Hammond (HHH), NU said it was on

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: