Norwich Union - Mayer explains broker strategy
Norwich Union's chief executive is shaking up the market, writes Andrew Tjaardstra
Although Aviva fared poorly overall at its latest results announcement , Norwich Union's UK general insurance - including its health book - performed robustly with 2008 profits of £644m compared to £438m in 2007, the year when the floods took their toll.
Mayer said that the £285m of reserve release is at the top end of what they would expect, although he qualified "we don't know what is usual or unusual" and conceded that "there will be less to come going forward". Despite the group posting an
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