Allianz UK has reported a 2015 combined ratio of 102.6% (2014: 97.6%) with the December 2015 storms costing the business £93m.
Of the £93m storm cost, £72.5m related to commercial losses and £20.5m were retail losses. IFRS Operating profit dropped from £143.4m in 2014 to £41.3m in 2015. Gross written premiums increased...
Top bosses at Axa and RSA have been appointed to the board of the Association of British Insurers.
Here are the important insurance news and Post exclusives of the past week, in case you missed them.
Broker network Compass said being independent from a major player like Arthur J Gallagher now meant the business was more “credible” than its rivals.
Broker network Compass has staged a management buyout from parent company Arthur J Gallagher.