ERS drives back into full year profit in 2018
COR improved to 96.1%, while GWP fell.
Specialist motor insurer ERS has reported a profit of £11.1m in 2018, coming back from a loss of £12.2m in 2017.
In addition its combined operating ratio improved to 96.1% from 104.9% in the preceding year.
ERS noted that this is its highest profit reported since it was bought by private equity firm Aquiline Capital Partners in 2013 and stated the results were driven by its focus on underwriting specialist risks for profit, not volume.
The provider also posted a reduction in gross written
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