TT Club GWP slides, COR rises to 94.4% in ‘normal year’
TT Club reported a drop in gross written premium and a weaker combined operating ratio for 2015, following an up-tick in large claims from events such as the Tianjin explosion.
GWP fell to $172m (2014: $182m) and COR rose to 94.4% (2014: 85.6%).
Both net claims incurred and investment return and other income also fell to $84.6m (2014: $76.3m) and $1.6m (2014: $6.1m).
TT Club
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