Allianz UK CEO Jon Dye aims to balance profit and growth
Quota share reinsurance arrangement with Allianz Re dents operating profit.
Allianz UK's chief executive officer Jon Dye has said the company will aim to balance growth and profitability after the insurer's results showed operating profit for the first half of 2015 fell by 12% to £56.5m.
For the first six months of last year the provider recorded a profit of £64.2m and Dye reiterated the ambition for Allianz to grow to a £3bn gross written premium (GWP) business.
Half-year GWP for the group was £1.13bn (2014 H1: £1.09bn) while the combined operating ratio (COR) remained
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