Norwich Union records profit in personal lines market
In the personal lines market, Norwich Union (NU) recorded an overall £26m profit (2003: £24m loss) o...
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 target to
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 info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk 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 info@insuranceage.co.uk
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 info@insuranceage.co.uk
Most read
- Zurich strikes five-year capacity deal with MGA Freedom Services
- Aviva to open branches in Chelmsford and Southampton
- Pen inks £150m social housing capacity deal with SiriusPoint