Allianz UK CEO Jon Dye: Competition increasing in commercial market
Dye says COR of 101.1% in Q1 2015 for the retail division is due to 'growing pains'.
Allianz UK's chief executive officer Jon Dye has said the £5m increase in profit the insurer posted for Q1 2015 compared with the same period last year is in line with expectations.
The provider made an operating profit before tax of £30m in the first three months of this year set against £25m in 2014.
Asked whether he had hoped for a bigger rise, Dye responded that it was "a result which is line with our expectations" adding that it was not regarded as a disappointment.
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