Profits up to £7.3m at ERS
Syndicate says results reflect continued discipline in underwriting and volume growth.
Lloyd's syndicate ERS has reported profit of £7.3m for the first half of 2016 according to its results.
This represents an improvement of £10.1m on the same period last year (-£2.8m). The combined ratio for the motor provider, which is owned by Aquiline, has also improved by 2.4% points to 99.8% (H1 2015 102.2%) which ERS said showed a "sharp focus on underwriting discipline and expense management".
Gross written premium for the period was £203.8m (H1 2015 £194.7m), an increase of 5 percent on
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