ERS delivers £2.8m loss as transformation project takes its toll
Broker-only motor insurer ERS has attributed costs associated with its ongoing transformation project and reduced investment income as drivers behind it delivering a £2.8m loss in the first half of 2015.
The Aquiline-owned Lloyd's managing agent, which runs the motor-focused Syndicate 218, has been impacted by the last of its transformation costs, which involves the closure of its Brentwood
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