ERS posts half-year loss
Insurer blames loss on “transformation” costs and shortfall in investment income.
ERS has reported a loss of £2.8m for the first half of 2015 compared with a profit of £1.2m at the same point last year.
The specialist motor insurer, owned by Aquiline, put the loss down to the impact of its "transformation costs" and a shortfall investment income.
In April 2013 the provider was bought from IAG and announced it soon after that it would become a broker-only firm.
It then cut jobs, invested in IT and this summer confirmed the closure of its Brentwood head office with the work
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