City round-up
Axa's UK and Ireland insurance operation recorded an increase in earnings for the first six months o...
Axa's UK and Ireland insurance operation recorded an increase in earnings for the first six months of 2003 from £17m the year before to £41m. Its combined ratio improved from 104.7% to 102.4%. Personal lines premium fell 8% as it lost sole rights to the RAC book.
Norwich Union General Insurance recorded a £313m operating profit and a combined ratio of 99% for the first six months of 2003. But its household account saw a drop in net premium written of £495m in the same period last year, to £467m
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