Das reflects on 2016’s £17.4m loss
CEO Andrew Burke says business is now in “growth phase” of turnaround but admits that some job losses cannot be ruled out as it seeks to “rationalise expenses”.
Das CEO Andrew Burke has admitted that the Das results for 2016 are where he and parent company Ergo/Munich Re “expected them to be”.
The results showed an increased operating loss of £17.4m but premium went up and COR improved.
He stated: “No one enjoys posting a loss. What I am pleased with are the underlying trends.”
Looking ahead, Das stated in their results stated that the insurer is planning on “rationalising operational expenses” to improve performance.
Asked if this means that staff
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