Canopius Group posts improved profit, GWP and COR
Canopius Group has reported a profit of £42m for the first six months of 2013, up almost £10m from the £33m reported in the same period of 2012.
The provider posted gross written premium of £527m for the first half of the year, an increase on the £343m recorded last year.
And combined ratio also improved, coming in at 80% compared with the 87% for H1 2012.
Michael Watson, executive chairman of Canopius, commented: “Our 2013 half-year results set another record for Canopius. An excellent underwriting result reflects a strong improvement in our attritional loss ratio, aided by a low level of catastrophe losses and continuing favourable
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