Steve Treloar hails LV's "strong results" for 2017
GI CEO outlines plans to grow in the broker channel and says partnership with Allianz is "progressing well" as he comments on the future Ogden rate and LV redundancies.
Steve Treloar, chief executive of LV GI, has hailed the provider’s “strong set of results” for 2017 after it reported what it described as a “record” combined operating ratio (COR) of 91.8%.
Treloar explained that the improved COR, which can be compared to 94.1% in 2016, was driven by a fall in the provider’s loss ratio.
Brokers
He further pointed to a “significant improvement” in operating profit for LV’s broking business to £30m in 2017, adding that this could be compared to the £26m profit
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