Aegis London’s Lloyd’s Syndicate 1225 delivered profits of £56m for the year ending 31 December 2016.
The syndicate reported a combined ratio of 87% for the year with profits being £56m despite several large market risk losses and a generally higher loss frequency than in 2015. With a 2016 capacity...
RSA made more than 900 redundancies last year and plans to make an additional £50m in cost savings.
Information gathered from blackbox telematics has been used successfully to reveal a dishonest customer claim involving a hire vehicle.
More jobs could be lost as a result of the government's whiplash reforms than were lost in the South Wales steel industry last year, Access to Justice told Post.
The expected discount rate reduction has shaved off £10m of profit from motor insurer ERS.