Ecclesiastical to push COR below 98%
The group's COR currently stands at 104.9%.
Commenting on the insurer's H1 2011 results, Mr Tripp said: "The underlying underwriting position doesn't yo-yo - that is solid. What causes volatility is exposure to one off events like earthquakes."
Mr Tripp said the specialist insurer had also taken other measures to reduce its exposure to volatility.
"Ecclesiastical Underwriting Management was put into runoff in August last year and that has helped along with investing in reinsurance and our broker
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 Insurer
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
- Barbon Insurance Group bought by PIB
- Axa puts blame on Lockton as legal dispute continues
- ERS solidifies move into commercial with Lloyd’s deal
- SME specialist Ballantyne Brokers launches
- Broker Exchange: Regulation deluge impacting some brokers’ survival chance
- Geo Underwriting moves into the captive market with latest acquisition
- Markerstudy & Co-op confirm completion of £185m deal after two year wait