AIG Europe posts net premium rise for 2015

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AIG Europe has reported a 2% rise in net written premiums for 2015 to £3.55bn from £3.49bn the year before.

The provider's combined operating ratio for the year ended 30 November 2015 improved to 98.2% compared to 98.4% in the previous 12 months.

The firm also delivered a rise in pre-tax profit to £408.5m (2014: £406.5m) as the underwriting result also rose to £61.9m (2014: £59.6m).

According to AIG Europe its performance was "stable" despite a competitive environment and softening rates.

The

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