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Commercial

Axa UK reports GI growth

Axa UK today reported that its underlying earnings increased 138% to £99m from £41m for the first six months of 2004, posting a combined ratio of 98.5%, an improvement of 3.9 points. UK gross revenues increased by 4% to £3.6 bn.

Moody’s changes Hartford outlook to stable

Moody's has announced that it has affirmed Hartford Financial Services Group's and Hartford Life’s A3 senior debt ratings as well as the Aa3 insurance financial strength ratings of both its P&C and life insurance operating subsidiaries.

peter-burrows-brit
Taking care of business

Jonathan Swift talks to Peter Burrows, head of commercial lines for Zurich in the UK, about SMEs, brokers, Folgate and the future

Aviva group sees net income slip 28%

Aviva has recorded a fall in net income of 28% in the first six months of 2004 as a result of a fall in investment income. However, operatoing profit increased on the back of earnings from its general insurance business.

NU sees 19% growth in net written premiums

In the UK Norwich Union has recorded a 7% increase in net written premiums to £2.7bn and a 19% growth in net written premiums from its direct operation to £434m in the first six months of the year. The company said that better than expected weather…

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