Aviva manages to bring COR down to 97%


The insurer, which recently lost its chief executive Andrew Moss following a shareholder revolt over pay, wrote £974m in the first quarter of 2012 down from £1.013bn in the same period 2011.

The results exclude RAC’s performance. In personal lines there was a 6% growth in rate in personal motor and 3% in homeowner, but commercial motor rates remained stubbornly low.

John McFarlane, executive deputy chairman, said: “Although the economic environment remains uncertain, we have delivered a solid

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