Insurance Post

Ogden rate revision spurs GWP growth for Covéa

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Covéa Insurance saw a 10.8% increase in gross written premiums in the financial year to 3 May, up to £739m from £666.3m in the previous year.

Despite this however, profit after tax dropped from £38.4m in 2016 to £24.1m, and the group’s combined operating ratio deteriorated to 97.5% from 96.2%.

The group said that the growth in gross

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