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Fortis' insurance operations swing back into profit

Financial services group Fortis has posted net profits of 2197m euros (£1.5bn), an increase of 532m euros for the year ending 2003.

The group's insurance business reported net operating profits of 996m euros, an improvement of 1612m euros. Excluding value adjustments to the equity portfolio, net operating profit increased by 29%

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Britain’s future subsidence hotspots revealed

British Geological Survey and Ordnance Survey data analysis, produced exclusively for Insurance Post, shows where climate change is set to intensify subsidence hazard exposure and pose growing challenges for property insurers over the coming decades.

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