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 copy this content. Please contact [email protected] to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

If you already have an account, please sign in here.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: