Ecclesiastical continues strong profitable returns
Niche insurer Ecclesiastical has reported a pre-tax profit of £77.1m for the year ending 31 December...
Niche insurer Ecclesiastical has reported a pre-tax profit of £77.1m for the year ending 31 December, compared to £101m in 2005. The insurer's group underwriting profit was £27m, compared to £38.3m in 2005. The 2006 combined ratio deteriorated to 88.5% however, gross written premium climbed £40m to £403.5m.
Commenting on the results, group chief executive Michael Tripp, who took over in January, said: "Ecclesiastical has continued to turn in consistent performances and steady growth year-on-year
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