Das posts £5.7m loss for 2015
GWP drops 23% at legal expenses insurer as parent company injects £5.3m.
Das has reported a loss after tax of £5.7m for 2015, reversing a profit of £500,000 the year before.
Gross written premium at the legal expenses provider dropped by 23% to £110.6m (2014: £143.4m).
The combined operating ratio deteriorated markedly from 103.5% in 2014 to 119.6% in the past year.
Capital injection
The insurer also revealed that parent company Ergo gave it a capital injection of £5.3m during the year.
The firm said the decrease in GWP was "primarily due to a reduction in after the
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