Reserve releases aid insurers in posting first profit since 2006
The UK property and casualty sector is set to post a profit for the first time since 2006, with the average combined operating ratio expected to be around 96.5% for 2013, according to Moody’s.
Analysis of insurers' Prudential Regulation Authority returns by Moody's found that underwriting results for UK property and casualty insurers continued to improve in 2013 despite record rate
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