Co-op hails performance in face of summer flooding
The Co-op Insurance has weathered the effects of the June flood claims to post a £22m turnaround in its post-tax profits.
Speaking to Insurance Age, managing director of general insurance, David Neave, said the provider had not been knocked off course by the summer flooding.
It comes after the insurer's post-tax profits soared to £20m, replacing the £2.4m loss posted for the same period last year.
"Over the first half of 2012 the level of claims has not been out of line with our expectations," said Mr Neave. "We would have preferred not to have had these [summer flooding claims] but they have not had a massive
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