Ecclesiastical reports interim losses

Michael Tripp Ecclesiastical group chief executive

The company cited its highest claims ratio in the past ten years as being behind an underwriting loss of £15.5m (2009 H1: £15.1m profit). The group combined operating ratio similarly deteriorated to 111.3% from 87.9% in 2009.

The insurer did however see an 8.8% increase in gross written premium to £250.3m. It also confirmed that for the rest of 2010 it will be taking action on its UK motor account and revising its casualty rates as third party claims escalate.

Commenting on the results group

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