O’Roarke forecasts “barely acceptable” LV returns for 2013
LV’s managing director of general insurance John O’Roarke has said a combination of low investment return and falling premiums means the firm will struggle to hit targets for return on equity in 2013.
The non-life business reported an operating profit of £43m for the first six months of 2013 earlier today, down by almost a third on equivalent figures from last year.
O'Roarke described investment
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