Insurance Age

Chartis sees COR improvement but still above 100%

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Chartis has revealed it wrote $9.1bn [£5.85bn] in net written premiums for the second quarter of 2012, slightly down from $9.17bn in 2011.

For the year to date premiums totalled $17.92bn, again down from $18.33bn in the first half of the year before.

Pre-tax income for the quarter came in at $961m and for the half year at $1.87bn, a substantial increase on the first half of 2011 when the provider achieved $452m.

The provider's combined ratio was 102.4% for the quarter (Q2 2011: 104%) and 102.3% for the half year (H1 2011: 111.1%).

The international division, which excludes US business, saw net written premiums of $4.39bn for the

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