AC chief appeals to NU and RBS over motor rates
Allianz Cornhill had an unimpressive 101.5% combined ratio in its household and motor personal lines...
Allianz Cornhill had an unimpressive 101.5% combined ratio in its household and motor personal lines book in 2005, compared with 95.9% in 2004, but still posted overall profits of £206.4m.
The overall combined ratio was 94.9%, worse than 94.0% in 2004 when profits were £210.6m.
Andrew Torrance, chief executive of Allianz Cornhill, said: "In personal motor there is a flat rating environment with underlying claims inflation. We believe rates need to increase in 2006 and the Royal Bank of Scotland
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