LV chief O’Roarke hails commercial profitability
Insurer’s commercial COR set to be sub 100% for first time ever.
John O'Roarke, managing director of general insurance at LV has confirmed that the insurer is poised to announce its first sub 100% combined operating ratio for commercial insurance.
"We believe that this year, unless there is a weather event between now and the year end, we will be below 100% for our commercial business overall which will be the first year we have achieved that," he told Insurance Age.
"We feel we have the right balance between growth and profitability and going forward, now
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