Profits up at Amlin

Amlin chief executive Charles Philipps

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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