Allianz boss backs rate increases to fuel return to profit
Allianz Insurance chief executive Andrew Torrance has revealed it could implement rate increases of up to 25% in its broker motor book during 2010.
The insurer's retail motor book recorded a combined operating ratio of 116% for H1 2010, while overall operating profit across all lines fell to £78.4m (H1 2009: £88.3m).
The insurer had an overall
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