Profits up at Amlin

Amlin chief executive Charles Philipps

Amlin has returned to pre-tax profit in the first half of 2012 with a result of £184.5m reversing a loss of £192.3m in the same period last year.

Gross written premiums (GWP) at the insurer also increased by 19.8% to £1.81bn (H1 2011: £1.51bn) as the combined operating ratio (COR) improved markedly to 84% from 122% in the first half of 2011.

The results for the six months ended 30 June 2012 at Amlin UK also improved. GWP was up to £227m (H1 2011: £167.4m).

However the COR, while still improved, fared less well as it moved from 111% in the 2011 to 99% in 2012 delivering an underwriting contribution of £1.3m.

In its results statement the

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Applied updates on commercial push

Applied Systems has confirmed Arch Insurance is about to enter the pilot phase of onboarding and will be live on the Applied Epic broker management system in April, with Iprism and Ark to follow and more promised in 2024.

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