Chaucer predicts 10% rate increases
Lloyd's insurer Chaucer has reported an increase of 19% in gross written premium to £263.3m and a profit before tax increase of 79% to £35.8m, for the first half of 2005.
The insurer conceded its profit margins will be hit to the tune of £20m, after its total hurricane Katrina loss was estimated at £35m.Commenting on the results, Ewen Gilmour, Chief Executive, said: "IOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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