Broking Break: Your Top Five
Ageas UK, Allianz and Towergate hit the headlines this week with stories on profit and loss, concerns from brokers and a sale.
5. Ogden pushes ERS to “disappointing” trading loss of £13m
ERS has reported a trading loss of £13m for the first six months of 2017, compared to a profit of £7.2m for the same period last year.
The combined ratio was 107.6% and GWP also dropped from £221.2m last year to £212.6m.
Last year for the full year the insurer reported a small profit of £1.7m and a COR of 102.3%.
4. Profit drops 68% at Ageas UK in H1 2017
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