Ecclesiastical claims no need for broker concern over results
Steve Wood, UK managing director, described the insurer’s half year performance, which saw a group underwriting loss of £14.4m and a 6% deterioration in UK combined operating ratio (COR), as “reasonable results in difficult market conditions”.
He added: “There’s no need for brokers to be concerned about [the COR] at all, we’re still strongly capitalised, our solvency is very secure. We’re better capitalised than most insurers in the UK market.”
He stated that the UK COR of 100.2% (H1 2011: 94.4%
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
- Biba 2021: Call for 'unified action' on PI problems
- Aon/WTW to divest $3.6bn of assets to Gallagher ahead of merger
- FSCS reduces broker levy for 2021/22
- Biba 2021: The Future of Broking
- Biba 2021: Unintended consequences from silent cyber 'knee jerk' reaction
- Biba plans return to Manchester in 2022
- Blog: Is a change really as good as a rest?