Allianz chief hails broker book but laments state of commercial market

andrew torrance

The insurer reported gross written premiums (GWP) of £443.5m, an increase of 7.8% compared to the same period of 2010, along with a drop in profit before tax of £2.3m to £34.4m.

The combined ratio of the overall business deteriorated very slightly to 96.9% (Q1 2010: 96.5%).

In contrast to previous years, it now appears that the retail part of the company has switched places with the commercial arm in terms of performance.

Although premiums in commercial were up by £16.7m the combined ratio

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 copy this content. Please contact [email protected] to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

If you already have an account, please sign in here.

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: