Ascot reports £69m profit
The insurer had a tougher financial year than in 2013 when the profit was at £80m.
Ascot Underwriting has reported a pre-tax profit of £68.9m and a combined ratio of 83.3% for 2014.
Despite the positive results, the firm had a tougher financial year than in 2013.
In 2013 the profit was £79.9m and the combined ratio was at 80.3%.
Difficult
Andrew Brooks, CEO of Ascot Underwriting said: "I am delighted with our 2014 result in what was a difficult market.
"Due to lower catastrophe losses over the past few years we expect 2015 to be a challenging trading environment and Ascot will
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