Allianz's Torrance "content" with Q1 results as liability remains a concern

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Mr Torrance stated: “This is the 41st consecutive quarter in which I’ve been able to report a sub-100% COR.”

He added that the results “stack up very strongly compared with other UK insurers”.

With regard to the commercial division, he said: “Leaving aside liability, I’m quite content with where we are on rate strength.”

Mr Torrance explained that liability remained a problem: “In the past there has been the ability to make investment returns on liability.

“People [still] think you can afford to

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