Chaucer profits rise 89%
Chaucer has announced profit before tax up 89.3% to £47.9m for the first six months of 2007 (2006: £25.3m) and an improved combined ratio of 84.4% (2006: 90.6%).
Gross written premiums were stable at £323.9m (H1 2006: £315.6m) while profits were driven by a strong contribution from both underwriting and investments, the insurer said in a statement this morning
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