Allianz has a mixed Q3
Profits down but gross written premium up as large commercial claims hit in the third quarter
Andrew Torrance said that the third quarter had been "satisfactory" despite profits from the first three quarters of the year reducing from £173.3m in the first three quarters of 2009 dropping to £119.1m this year. Also the overall COR dipped from 91% last year to 95.8% this year, with commercial performing poorly, going from 83.8% to 95.9%, but retail improving from 100% to 95.6%. Andrew Torrance said that three commercial claims had cost over £5m each in the third quarter including a fire at a
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Most read
- Markerstudy gets CMA greenlight to complete £1.2bn Atlanta deal
- FCA warns insurers, again, on undervaluing total loss motor claims
- Ajay Mistry launches insurance broker